GLAOC London Pensions Fund Authority Letter

The London Assembly GLA Oversight Committee has written to the Mayor of London with 3 recommendations on the London Pensions Fund Authority (LPFA).

Recommendations include:

1. The Committee recommends that the LPFA commissions an evaluation of the London Fund to understand if it can be better supported and whether membership could be widened to include other public sector bodies such as Transport for London (TfL).
2. The Committee recommends the LPFA’s position on divesting from extracting fossil fuels across the entire fund is published.
3. The LPFA to share details with the Committee in response to this letter on how improvements to the LPPA’s new system will be implemented to benefit members over the next 12 months.