LAPF Investments Awards, 2021 | Wednesday 15th December

LAPF Investments Awards, 2021 | Wednesday 15th December

LAPF Investments Awards, 2021 | Wednesday 15th December

LAPF Investments Awards, 2021 | Wednesday 15th December

LGPS CATEGORIES

BEST CLIMATE CHANGE STRATEGY

The winner in this category will show how the fund has adapted the portfolio to account for climate change. The entry should address not just risk mitigation, but opportunities presented by climate change. Outline how your fund has responded to the challenge of mitigating climate change risk which may include implementation of new strategies. Where available, provide examples of how evaluating the impact of climate change has helped to identify new investment opportunities. Explain how the fund assesses and responds to outcomes.

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BEST APPROACH TO RESPONSIBLE INVESTMENT

The winner will have demonstrated a clear focus on implementing RI including sustainability in their investment strategy, including evidence of ESG best practice within existing portfolios and/or examples of investing with impact as a primary driver. Entries focusing only on climate change should be entered into the Climate Change category. Outline how your fund has implemented RI in the overall investment strategy, including the response to regulatory and other external pressures. Include evidence of ESG best practice within existing portfolios. Where available, provide examples of investing with impact as a primary driver. Your entry may include examples of collaboration.

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INVESTMENT INNOVATION AWARD

This award will look at innovation within investment strategy design and implementation. The winner will be a fund or pool that has implemented a strategy or developed a process which helps keep its portfolio aligned with investment goals. The category covers both private and public markets, and can include the use of infrastructure investment, real estate, private equity and debt, impact and other strategies.

Please remember the following when submitting your entry:

This award is not just for investment strategies – tools or processes may also be submitted. Outline the drivers behind the innovation, and any relevant outcomes. Explain how it has helped or will help the fund deliver its financial or non-financial objectives.

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RISING STAR

This award recognises an LGPS officer, adviser or councillor who has made a special contribution in their field which augurs well for their future within the LGPS.

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LGPS FUND OF THE YEAR (ASSETS OVER £2.5 BILLION AT 31 MARCH 2021)

Criteria to be considered include, but are not limited to, the following: implementing best practice and leadership across pension fund operations, investment performance (judges will consider 1-, 3- and 5-year risk-adjusted returns, net, relative to target return) to 31 March 2021).

Your entry should address the following:

> Investment performance, including an assessment of how closely investment return achieved actuarial return targets, alongside indicators of risk/volatility of returns
> Governance
> Administration
> Collaboration and leadership within the LGPS

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LGPS FUND OF THE YEAR (ASSETS UNDER £2.5 BILLION AT 31 MARCH 2021)

Criteria to be considered include, but are not limited to, the following: implementing best practice and leadership across pension fund operations, investment performance (judges will consider 1-, 3- and 5-year risk-adjusted returns, net, relative to target return) to 31 March 2021).

Your entry should address the following:

> Investment performance, including an assessment of how closely investment return achieved actuarial return targets, alongside indicators of risk/volatility of returns
> Governance
> Administration
> Collaboration and leadership within the LGPS

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OUTSTANDING CONTRIBUTION OF THE YEAR

An award recognising outstanding contribution to furthering the goals of the LGPS over the past year. Nominations can be made on behalf of an individual, a group effort, or an organisation.

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POOL OF THE YEAR

LGPS funds will be surveyed, with the judging panel selecting a winner from the information received.

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LGPS INVESTMENT STRATEGY OF THE YEAR

The winner of this award will show how the fund identified a needed change to investment strategy, how the change was implemented, and will demonstrate how the outcome has helped the pension fund meet the needs of the fund with regard to liabilities, cashflow, market volatility and regulatory requirements including diversification and responsible investment. Outline the required change to investment strategy that was identified by your fund. Show how the change was implemented. Explain why the outcome has helped the pension fund meet the needs of the fund with regard, but not limited, to one or more of:

> Liabilities
> Cashflow
> Market volatility
> Regulatory requirements including diversification and responsible investment

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GOOD GOVERNANCE AWARD

An award recognising the importance of governance for members of the LGPS. The winner will have demonstrated the implementation of processes to ensure that all parties involved in the management are truly aligned with its long-term objectives. Emphasis will be placed on governance of shared and external services, transparency, and the management and mitigation of risks.

Your entry should address the following:

> The identification and implementation of processes to ensure that all parties are aligned with the long-term objectives of the fund
> Governance of shared and external services
> Management and mitigation of risks
> How the Pension Board assists in the governance of the fund
> Where available, please supply your governance policy

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SCHEME ADMINISTRATION AWARD

The award considers initiatives to improve administration service quality and/or efficiency at a scheme and is also open to funds that can demonstrate excellent or improved management of a shared service or external provider. Judging criteria include closing accounts, filing, member support, member communication, data quality and management; and may include examples of administration changes in response to customer feedback.

Remember to address the following when completing your entry:

> Timely and accurate production of Report and Accounts essential – demonstrated by a good Audit Findings Report
> Member and employer support and communication
> Data quality and management
> Where available, include examples of administration changes implemented in response to changing circumstances or feedback

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