Local Authority Pension Fund Forum

The LAPFF Mission

LAPFF exists to promote the investment interests of local authority pension funds, and to maximise their influence as shareholders whilst promoting corporate social responsibility and high standards of corporate governance amongst the companies in which they invest.

Formed in 1990, the LAPFF Forum brings together a diverse range of local authority pension funds with combined assets of over £90 billion.

Latest News

40% of shareholders back LAPFF at M&S

LAPFF is looking forward to an immediate dialogue with the company about how it plans to respond to 40% of shareholders backing the LAPFF resolution.

Given the scale of the vote at the Marks and Spencer AGM on resolution 16, (37.7% vote in favour, with abstentions taking the total not supporting management to over 40%) LAPFF is looking forward to an immediate dialogue with the company about how it plans to respond.

We will also be talking to other supporters of the resolution to listen to their views on the way forward.

More broadly this is a significant day for shareholder engagement. Sometimes shareholders need to step up and be public with their concerns and use their voting rights effectively. We need to get past the idea that meetings behind closed doors are always the answer.

We have filed this resolution on behalf of the market, in support of the integrity of the Combined Code. Therefore we hope the result is registered in boardrooms across the UK.