Scheme Advisors
UK pensions law requires those charged with the governance of occupational pension schemes and pension funds to take professional advice in respect of their fiduciary duties towards beneficiaries.
Fund Advisors
Fund Custodian
| Custodian | Proportion of LGPS funds |
|---|---|
| BNY | 12% |
| Caceis | 1% |
| HSBC | 2% |
| JP Morgan | 2% |
| No custodian | 2% |
| Northern Trust | 64% |
| State Street | 16% |
Fund Actuary
| Actuary | Proportion of LGPS funds |
|---|---|
| AON | 10% |
| Barnett Waddingham | 22% |
| Hymans Robertson | 53% |
| Mercer | 15% |
Legal advisors
Funds reported using the following firms for legal advice: Burges Salmon, Capsticks LLP, Squire Patton Boggs, CMS, Freeths LLP, Eversheds Sutherland, Browne Jacobson, Gowling WLG (UK) LLP. HB Public Law, Invicta Law, Osbourne Clarke, Pathfinder, Pinsent Masons LLP, and South London Legal Partnership.
Some funds use in-house legal teams.
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