Audit Commission Pension Scheme

Audit Commission Pension Scheme

The Audit Commission Pension Scheme was established in 1983 to deliver pensions and lump sums to former employees of the Audit Commission. The scheme closed to new entrants and active members when the Commission itself was wound up in 2015. The portfolio holds positions in UK real estate and natural capital. Confirmed holdings include the Standard Life Long Lease Property Fund, M&G Secured Property Income Fund, Waypoint Essential Stores, CBRE UK Property Portfolio, and True North Forestry Carbon Sequestration Fund II. All assets sit inside the United Kingdom. The scheme participates in the Public Sector Transfer Club, which facilitates benefit transfers among member public-sector plans. Andrew Harrison serves as chair. Paul Punter acts as member-nominated trustee director. Law Debenture Pension Trust Corporation supplies the independent trustee function. No additional offices or headcount figures are disclosed. The Crown guarantee from the Department for Levelling Up, Housing and Communities constitutes the primary structural feature, transferring ultimate liability to the UK government rather than relying on sponsor covenant alone.