Lothian Pension Fund become members of Scottish Financial Enterprise
Scottish Financial Enterprise welcome Lothian Pension Fund to their diverse membership of financial services organisations.
Lothian Pension Fund (LPF) is the Local Government Pension Scheme (LGPS) provider for 84,000 members from local authority and other employers in Lothian and undertakes in-house investment management for approximately two thirds of the £7.6bn of assets held by the fund.
Doug Heron, who joined LPF as CEO in February 2019 from AIM-listed fintech Nucleus Financial, said: “We are excited by the prospect of being able to work with Scottish Financial Enterprise and their members to shape outcomes for all stakeholders in financial services in Scotland.
“With our role as the second-largest provider of local government pension scheme benefits in Scotland, we are proud of our heritage as a public sector body.
“We have a compelling opportunity to collaborate with like-minded pension funds and other financial services companies in both the public and private sectors with whom we have much in common. It is by being active in each of the communities we belong to that we can best achieve our goal of delivering sustainable pension benefits for our members.”
Lothian Pension Fund provides strategic investment support to other Local Government pension schemes in Scotland and is looking to work with likeminded pension funds and other institutional investors in an increasingly more integrated way.
Graeme Jones, Scottish Financial Enterprise Chief Executive, said: “I am delighted to welcome Lothian Pension Fund to our ranks. Their inclusion further strengthens our diverse network of financial services organisations where a focus on collaboration and innovation are paramount. Our industry thrives through the close connections fostered within the ecosystem here and I am excited to see Lothian Pension Fund become further integrated within the industry through their membership with SFE.”