POWER OF PARTNERSHIP: BORDER TO COAST’S RESPONSE TO THE PENSIONS INVESTMENT REVIEW

Posted on October 1st, 2024

Border to Coast Pensions Partnership, in collaboration with our Partner Funds, has responded to the Call for Evidence in respect of the first phase of the Government’s Pensions Investment Review.

Our response to the Call for Evidence covers three broad themes:

The Benefits of Scale

There is clear evidence that scale and sophistication can deliver significant benefits for asset owners. This includes greater resilience and increased access to cost-effective investment opportunities. With in-house management capabilities, we have the capacity and capability to deliver smaller scale and more targeted investment strategies in the UK. Larger pools of assets enable greater sophistication, which in turn enables better engagement and influence to make the market, not just be a passive recipient.

The Power of Partnership

Border to Coast’s success is not simply based on scale and expertise, but on the strength of our partnership, supported by strong and capable LGPS Funds, united by a shared vision. Our partnership is also vital in supporting UK investment where the skills of the pool are combined with the local knowledge and connections of Partner Funds.

Positive Policy Intervention

We stress increasing UK investment will depend heavily on the availability of sufficient investment opportunities and consistent policy and regulation which provides long-term certainty. We welcome initiatives the Government is undertaking to address long-term challenges in relation to planning, infrastructure and skills as well as building capabilities, including the UK Infrastructure Bank, British Business Bank, and National Wealth Fund, that will contribute to supporting a pipeline of investable projects

The full text of the submission is available here.

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