On 7 August, the Chancellor met with representatives of the major Canadian public pension funds in Toronto. Between them, these eight schemes (the “Maple-8”) manage more than £570bn in assets. The investment approach used by the Maple-8 is known as the “Canadian model”.

In a statement ahead of the meeting, the Chancellor said:

"The size of Canadian pension schemes means they can invest far more in productive assets like vital infrastructure than ours do. I want British schemes to learn lessons from the Canadian model and fire up the UK economy, which would deliver better returns for savers and unlock billions of pounds of investment."

The LGPS has a long history of continuous improvement and a readiness to adopt best practice. In that spirit, in this publication we examine the Canadian model to see what the LGPS can leverage. 

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