ANNEX A3 - HIGH-LEVEL
ESTABLISHMENT TIMETABLE
July 2016
April 2018
Pool goes
Q1 / Q2 2016
Q3 2016
Q4 2016
2017
Q1 2018
live
•
Prepare Pool
Refine
Establish
Progress FCA
Finalise TUPE
submission to
pooling
Investment
approval
transfer of staff
Government
plans
Management
application
& external
Company
appointments
MPF and
Funds review
WYPF join
Procure
benchmarks to
GLIL vehicle
external
seek synergies
support
Form joint
committee
Oversight
Board
1
ANNEX A3 - TRANSITION OF ASSETS
• c£35bn managed by the Pool from April 2018
• Appointment of common custodian for listed assets
• Individual authority ownership of existing alternative
assets runs-off as per table below.
1st April
Property
Private Equity
Infrastructure
Other assets
Total
(£bn)
(£bn)
(£bn)
(£bn)
(£bn)
2018
2.9
1.7
1.2
2.5
8.3
2021
2.2
1.3
0.9
1.9
6.3
2024
1.3
0.9
0.6
1.3
4.1
2027
0.8
0.5
0.3
0.7
2.3
2030
0
0
0
0
0
2
ANNEX A3 – METHODOLOGY FOR
REPORTING PROGRESS
• Pool Oversight Board established early on in
process
• Pool Investment Management Company
officers report regularly to Oversight Board
on progress in establishing pooled
management arrangements and creating
collective investment vehicles
3