An Evaluation of Investment Governance in London Local Government Pension Schemes: A Discussion Paper for Stakeholders to the London Funds

Cass Business School Discussion Paper, 2012

42 Pages Posted: 18 Jun 2020

See all articles by Debbie Harrison

Debbie Harrison

affiliation not provided to SSRN

David P. Blake

City, University of London

Date Written: November 1, 2012

Abstract

The purpose of this Report was to identify areas that might be considered in a full benchmarking study of the investment governance of the 34 London Local Government Pension Schemes (LGPSs). The preliminary results of our research indicated that in certain cases key decision-makers are influenced as much – and possibly more – by behavioural and political factors than by the current investment governance framework, which our research indicates can be poor. One possible conclusion from our research, therefore, is that there might be a connection between poor investment governance and the increasing trend for schemes to defer the costs of their liabilities into the future.

JEL Classification: G22

Suggested Citation

Harrison, Debbie and Blake, David P., An Evaluation of Investment Governance in London Local Government Pension Schemes: A Discussion Paper for Stakeholders to the London Funds (November 1, 2012). Cass Business School Discussion Paper, 2012, Available at SSRN: https://ssrn.com/abstract=3610378

Debbie Harrison

affiliation not provided to SSRN

David P. Blake (Contact Author)

City, University of London ( email )

106 Bunhill Row
London, EC1Y 8TZX
Great Britain
+44 (0) 20-7040-8600 (Phone)
+44 (0) 20-7040-8881 (Fax)

HOME PAGE: http://www.pensions-institute.org/

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