City of Westminster Council Pension Fund

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City of Westminster Council Pension Fund — overview

Assets Under Management

Type

Public Pension Fund

Location

London UK

Alternative Asset Classes

PEVCREINFHFPDNR

About

City of Westminster Council Pension Fund is a public pension fund headquartered in London, UK. It is the Local Government Pension Scheme (LGPS) for local authority employees, and is administered by the City of Westminster Council. Since February 2012, the public pension fund has been part of the tri-borough group of pension funds, alongside <a href=https://pro.preqin.com/investor/3585>London Borough of Hammersmith & Fulham Pension Fund</a> and <a href=https://pro.preqin.com/investor/8391>Royal Borough of Kensington and Chelsea Superannuation Fund</a>. The tri-borough group began working together to reduce the costs of pension fund management and investments. In July 2015, the UK government announced that it would work with the Local Government Pension Schemes (LGPS) to reform the way investments are managed. As part of the reform, the government ordered the 91 Local Government Pension Schemes to combine assets into large investment pools. City of Westminster Council Pension Fund started transitioning assets to the collective investment pool, <a href=https://pro.preqin.com/investor/211731>London CIV</a> pension fund pool.

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