FYI: The U.K. Local Government Pension Scheme (LGPS) is the nation’s biggest steward of public sector retirement savings by membership, responsible for the nest eggs almost 6 million members worth 275 billion pounds ($342 billion). So the revelation that it’s under pressure from the government to shift more of its money into passive products should be a wake-up call to a stock-picking industry still reeling from the Neil Woodford debacle.
Regards,
Ted
https://www.bnnbloomberg.ca/the-passive-fund-revolution-accelerates-in-europe-1.1319131
