Established in 2017, the Wales Pension Partnership (WPP) is a collaboration of eight LGPS funds covering the whole of Wales and is one of the eight national Local Government Pension pools. The operating model of WPP has been designed to be flexible and secure value for money, providing investment options that allow the Gwynedd Pension Fund to operate a strategy of our own, but with important cost savings. Link Fund Solutions was appointed as operator and they have partnered with Russell Investments to deliver effective investment solutions. The eight constituent authorities are:
The WPP has achieved significant progress towards meeting its objective through the launch of many sub-funds, of which the Gwynedd Pension Fund is part of. Further details can be found on the Wales Pension Partnership website: www.walespensionpartnership.org
The Government has expressed strong support for the Wales Pension Partnership’s (WPP) proposal to advance to the next phase of investment pooling in line with its response to the 'LGPS Fit for the Future' consultation. Please be assured that this consultation is aimed at enhancing the investment and governance framework of the LGPS. It will not impact your current contributions or pension benefits. The goal is to ensure the long-term sustainability and effectiveness of the scheme.