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The Lincolnshire County Council Pension Fund has selected CACEIS and the CACEIS Pensions Centre to provide custody, accounting and performance services as part of a £3.5bn mandate.
CACEIS Pensions Centre is a dedicated administration hub backed by market-leading technology platform SimCorp Dimension. This end-to-end solution is an ideal platform for the LGPS sector because it uniquely accommodates private assets and traditional assets in one single platform. It will provide Lincolnshire County Council Pension Fund with leading administration capabilities, governance reporting and consolidated performance reporting solutions for all assets held, both in and out of custody. Lincolnshire County Council Pension Fund will also have the full support of the custody team and local pensions specialists.
CACEIS continues to build a strong presence in the LGPS sector and is part of the National Local Government Pension Schemes (LGPS) Framework for global custody services. The CACEIS Pensions Centre also sets a new benchmark for the LGPS sector, which leads the way in private asset investment, because it can consolidate all traditional and private assets into one single platform, creating efficiencies in areas such as reporting and administration.
James Parish, Director, Head of UK Pensions Sales, CACEIS commented “As a collective team, we are really looking forward to partnering closely with Lincolnshire County Council Pension Fund. They are an important partnership for CACEIS and we are deeply committed to bringing the highest levels of service delivery through our consultative and personable style. The CACEIS Pensions Centre provides a flexible and scalable way to meet the evolving needs of the LGPS sector, especially in light of the recently announced reforms for further consolidation. We are also engaging with the LGPS pools on the topic of consolidation, bringing together our subject matter experts to workshop opportunities and challenges.”
Jo Kempton, Head of Lincolnshire Pension Fund commented “We are looking forward to working in partnership with CACEIS as we move from the traditional custody model to a more value-add model, reflecting the changing structure of our assets as we move our final assets across to the management of Border to Coast, our asset pool.”