LPFI Limited (LPFI) is a wholly owned subsidiary of Lothian Pension Fund and was established to support our collaboration with other pension funds. LPFI holds the necessary FCA (Financial Conduct Authority) permissions to deliver investment services to our collaborative partner pension funds and other professional investors. Since 2016 LPFI has provided investment advisory and arranging services to clients. This includes strategic investment advice and the ‘club deal’ services for investments in the private markets.
In addition to investment advisory services, LPFI now provides portfolio management services to other LGPS pension schemes. It started delivering investment management services (for a fixed income portfolio) to Falkirk Council Pension Fund in December 2020.
LPFI Limited is a limited company with registered number SC497542 and authorised and regulated by the Financial Conduct Authority (Reference Number 741954) having its registered office at 4th Floor Saltire Court, 20 Castle Terrace, Edinburgh, EH1 2EN.
- Order execution policy
- Aggregation and Allocation policy
- LPFI’s adherence to the Stewardship Code
LPFI’s approach to stewardship is informed by the approach of its parent organisation, Lothian Pension Fund (an institutional investor and asset owner). As a responsible investor, Lothian Pension Fund has a long-established commitment to stewardship. On 24 June 2020, Lothian Pension Fund adopted a Statement of Responsible Investment Principles. Lothian Pension Fund reports annually in accordance with the UK Stewardship Code requirements and has committed to adhering to the requirements of the UK Stewardship Code 2020. As an investment manager, LPFI adopts Lothian Pension Fund’s stewardship approach and supports its clients, as asset owners, with their approach to voting and engagement.
- Investment Firm Prudential Regime (IFPR) Disclosure – Remuneration Policy & Practices. The Investment Firm Prudential Regime (IFPR) is the prudential regime which applies to MiFID (Markets in Financial Instruments Directive) investment firms in the UK. From 2023, LPFI’s BIPRU Pillar 3 disclosures have been replaced by the MiFIDPRU 8 disclosure requirements, which includes the disclosure of remuneration arrangements.