Investments

The Local Government Pension Scheme (LGPS) is one of the largest pension schemes in the UK with over 5 million members.

• The funds net assets
• Investment managers

The net assets of the fund is the net value of it's investments, such as equities and cash deposits, less the fund's liabilities such as monies owed to third-party suppliers. The current net asset value of the Hertfordshire Pension Fund is £6.25bn

The ACCESS pool is a collaboration of central, eastern and southern shires, a partnership between Cambridgeshire CC, East Sussex CC, Essex CC, Hampshire CC, Hertfordshire CC, Isle of Wight Council, Kent CC, Norfolk CC, West Northamptonshire Council, Suffolk CC and West Sussex CC.

The Government encouraged LGPS funds to work together to put forward plans to “pool investments to significantly reduce costs, while maintaining investment performance”.

The funds net assets

The fund's net asset statement is similar to a balance sheet, it shows the funds holdings minus any liabilities owed by the fund. Currently there is £6.25bn worth of net assets that is available to fund benefits.

Investment managers

The fund's Investments are currently either held through the ACCESS pool or held directly by the pension fund. The intention of pooling is that the majority of investments are held through the pool to increase returns and to reduce management fees. Currently 60.6% of the fund's investments are held through the pool. The table below details the different investment managers where investments are held.