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
A summary of the advisors reported by funds in their annual report is below.
Fund custodian
|
Custodian |
Proportion of LGPS Funds |
|
BNY |
11% |
|
Caceis |
1% |
|
HSBC |
2% |
|
JP Morgan |
7% |
|
No custodian |
1% |
|
Northern Trust |
62% |
|
State Street |
15% |
Fund actuary
|
Actuary |
Proportion of LGPS Funds |
|
Aon |
11% |
|
Barnett Waddingham |
22% |
|
Hymans Robertson |
53% |
|
Mercer |
14% |
Legal advisors
Funds reported using the following firms for legal advice: Eversheds Sutherland, Osborne Clarke, South London Legal Partnership, Burges Salmon, Pinsent Masons, Squire Patton Boggs, Dolmans, Nabarro LLP, Freeth Cartwright LLP, Sacker & Partners, Browne Jacobson, Addleshaw Goddard, HB Public Law, Capsticks LLP, Anthony Collins, DCC Legal, Trowers and Hamlins and Invicta Law.
Some funds use in-house legal teams.