Pensions

The Annual Benefit Statements for 2023 is available on the Member Portal.

Pensions Committee

The London Borough of Hillingdon Pensions Committee is responsible for all decisions concerning administration and investments of the pension fund. Their role is similar to that of a Board of Trustees of a private sector fund.

In this section


Members

Voting

For the voting Members of the Pensions Committee, please follow this link - London Borough of Hillingdon - Committee details - Pensions Committee.

Officer support

The committee is supported by:

  • Andy Evans
    Corporate Director of Finance
  • James Lake
    Head of Finance - Statutory Accounting and Pension Fund
  • Tunde Adekoya
    Pension Fund Accountant

Fund managers

The Hillingdon Fund assets are managed externally by investment managers. The performance of the fund managers, as well as the investment performance of the assets under their management, are constantly measured and monitored.


Breakdown of investments

The Hillingdon Pension Fund is part of the Local Government Pension Scheme (LGPS). More information can be found on our Hillingdon Pension Fund webpage.

Breakdown of investments

Fund Manager

Mandate

% of fund

Adams Street Partners

Private Equity 

0.81

AEW UK

Property Pooled Fund

4.87

JP Morgan Asset Management 

Corporate Bonds

10.30

LGT Capital Partners

Private Equity

0.28

M&G Investments

Direct Investments

0.12

Macquarie Infrastructure

Infrastructure

1.76

London CIV

Mandate - Equity Income/Absolute Return and Infrastructure

11.34

Permira LLP

Private Credit 

5.12

Legal & General Investments Management

Multi Asset Passive

57.17

UBS Global Asset Management (Property)

Property Pooled Fund    

6.93

Northern Trust

Cash

1.30

 


Advisors to the pensions committee

  • ISIO (formerly KPMG)
    Investment advisor
  • Northern Trust
    Global custodian and preparation of performance reporting
  • Clare Scott
    Independent advisor

Pensions Committee meeting minutes

View meeting minutes from past Pensions Committee meetings on the modgov website.

Page last updated: 07 Jun 2023