BlackRock creates UK local authority team
BlackRock’s institutional business has created a dedicated local authority team to meet growing demand from local government pension schemes (LGPS).
Christopher Head will lead the group in its aim to deliver greater support to LGPS clients.
“The challenges facing LGPS are perhaps greater than ever,” said Head. “The combination of changing economic and policy environments will have a significant impact on how local government schemes are administered and governed as well as how investment strategies are determined within the current regulatory framework.“
Economic factors, such as the prolonged low-yield environment, continue to challenge funding levels and investment strategies. Changes resulting from pension reform are also likely to create an increased burden on budgeting, governance, investment decisions and administration.
The dedicated BlackRock Local Authority team brings together a group of internal experts with the expertise to help LGPS clients meet their funding goals.
The team will be supported by a wider pool of individuals with backgrounds ranging from alternative investments, transition management, exchange traded funds and LGPS treasury cash functions.
BlackRock said it provides investment management services for 73 UK LGPS funds.
Christopher Head will lead the group in its aim to deliver greater support to LGPS clients.
“The challenges facing LGPS are perhaps greater than ever,” said Head. “The combination of changing economic and policy environments will have a significant impact on how local government schemes are administered and governed as well as how investment strategies are determined within the current regulatory framework.“
Economic factors, such as the prolonged low-yield environment, continue to challenge funding levels and investment strategies. Changes resulting from pension reform are also likely to create an increased burden on budgeting, governance, investment decisions and administration.
The dedicated BlackRock Local Authority team brings together a group of internal experts with the expertise to help LGPS clients meet their funding goals.
The team will be supported by a wider pool of individuals with backgrounds ranging from alternative investments, transition management, exchange traded funds and LGPS treasury cash functions.
BlackRock said it provides investment management services for 73 UK LGPS funds.
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