Local Pensions Partnership Investments (LPPI) has confirmed it will open an office in Bristol as onboarding of its nine partner funds progresses.

The changes are part of the government’s Fit for the Future programme, and the new office will complement its existing sites in London and Preston and aims to maintain a local presence across partner fund regions. As part of the expansion, LPPI is recruiting 18 roles initially for Brunel colleagues, as it scales its operations ahead of the formal onboarding deadline of 31 March 2026, when assets under management are expected to exceed £56bn. LPPI chief executive officer, Chris Rule, said the pool was making “excellent progress” thanks to collaboration across partner funds, adding that while LPPI already had the capabilities and structure required, it needed to scale to reflect its increased size. He also stressed that the Bristol office and recruitment plans would help retain vital skills and experience while ensuring partner funds continued to benefit from strong local engagement.

LGPS Central has expanded its infrastructure co-investment strategy through a partnership with CVC DIF to invest in Low Carbon Limited.

The vertically integrated renewables platform has assets spanning solar, onshore wind and battery storage. The investment aligns with LGPS Central’s focus on productive real assets and the transition to a low-carbon economy, with Low Carbon’s regulated, government-backed income profile, through Contracts for Difference, providing long-dated, predictable cash flows. LGPS Central, which has more than £2bn allocated to infrastructure, said the deal would also build on its existing relationship with CVC DIF and strengthen its growing co-investment portfolio. LGPS Central head of private markets, Nadeem Hussain, noted the investment sat “at the heart” of its infrastructure strategy, offering the kind of long-term, resilient exposure sought by partner funds, while also supporting the UK’s clean energy transition and delivering broader economic and system benefits.

Royal London Asset Management has reaffirmed its membership of the Net Zero Asset Managers (NZAM) initiative.

The firm stated that the updated framework provided a more flexible and globally applicable foundation for climate-aligned investing. Royal London Asset Management head of climate transition and engagement, Carlota Garcia-Manas, said that while some stakeholders may view the revised commitment statement as less prescriptive, the changes reflected an effort to create a more durable and pragmatic structure that accommodated differing regulatory, contractual and fiduciary contexts across markets. She added that the firm remained fully committed to supporting the goals of the Paris Agreement and managing climate-related financial risks in the best interests of clients, stressing that it would pursue an 'NZAM+' approach to maintain the ambition and integrity of its existing climate commitments, continue integrating climate considerations into investment processes, engage with companies and policymakers, and provide transparent reporting to support an orderly and economically sound transition.

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