Joint independent advisers appointed

The Joint Investment Strategy Panel (JISP) of Lothian, Falkirk and Fife Local Government Pension Funds (LGPS) appoint three independent advisers: Scott Jamieson, Kirstie MacGillivray and Stan Pearson.

 Scott has been reappointed as an existing member and Kirstie and Stan will take up the position for the first time.

The JISP provide investment strategy guidance to the Committees of Lothian, Falkirk and Fife and comprises senior officers as well as independent external investment advisers, who rotate after an initial term of three years. The Pensions Committee of each pension fund agrees their own investment strategy but delegates the implementation of strategy, including selection of investment managers, to officers. The JISP advises the three pension fund administering authorities on implementation of their respective investment strategies.

Elaine Muir, Head of Finance for Fife Council and Chair of the JISP, commented:

“We’re delighted to announce the appointment of Kirstie and Stan as new members of JISP and the re-appointment of Scott as an existing member. We were impressed by the calibre of candidates we met during the selection process and in Kirstie, Stan and Scott we have an ideal blend of skills and experience to cover our needs for macro, equities and governance fields.

“I look forward to working with the new advisers as we make progress with our collaboration that accounts for some £14bn of assets under management held on behalf of members of the LGPS in Scotland”.

Published: 13th August 2020