# C. Hoare & Co. Pension Plan

C. Hoare & Co. Pension Plan is a Pension Fund based in London, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Assets under management:** Undisclosed
- **Website:** www.hoaresbank.co.uk
- **LinkedIn:** https://uk.linkedin.com/company/c-hoare-&-co

## Regulatory record

- **Reports private funds:** No

## About

The plan was the defined benefit pension scheme for staff of C. Hoare & Co., the private bank that the Hoare family has run continuously in London since 1672. The bank — now in its twelfth generation of family ownership — operates from branches on Fleet Street and Lowndes Street, providing deposit accounts, lending, treasury services, and philanthropy advice to a concentrated client base of high-net-worth individuals and businesses. As a private-bank-sponsored pension scheme, the plan's portfolio was historically managed to meet the long-dated liabilities of a closed defined benefit book. The transaction eliminates future funding risk for the bank and gives beneficiaries the guarantee of a regulated annuity provider. The bank itself lists no additional offices beyond the two London branches. Its most recent public disclosures are the series of "Winter Letters" and "Summer Letters" authored by partner Alexander Hoare, along with an Impact Report and the Golden Bottle Trust's 40th Anniversary Report — all vehicles for the family's philanthropic grant-making through the linked Master Charitable Trust, rather than investment- or pension-plan commentary. In May 2026, the Master Charitable Trust was named "Best UK Donor Advised Fund 2026." Where most single-family offices are structured to grow intergenerational wealth, the Hoare plan's November 2024 buyout represents the opposite posture: a deliberate, terminal de-risking of a legacy liability. This architecture — pairing a multi-century operating bank with a pension scheme that is intentionally wound to zero — distinguishes it from the accumulating, open-ended investment pools common among family-backed allocators.

## Sectors

- Financial Services

## People

- Alexander Hoare — Partner

## Questions

### What is the relationship between C. Hoare & Co. and the pension plan?

C. Hoare & Co. Pension Plan is the pension scheme sponsored by C. Hoare & Co., the private bank that the Hoare family has owned for twelve generations. The plan was a defined benefit arrangement for bank staff. The bank operates independently as a commercial entity, while the pension plan was the vehicle for delivering retirement benefits to employees.

### What happened to the pension plan's defined benefit liabilities?

In November 2024, the plan completed a buyout (per Altss research). This means the trustees transferred the remaining defined benefit assets and liabilities to an insurance company, removing the liabilities from the bank's balance sheet and securing beneficiary payments through a regulated annuity provider.

### What role does Alexander Hoare play?

Alexander Hoare is a partner at C. Hoare & Co., the sponsoring bank. He authors the bank's public "Winter Letters" and "Summer Letters," which provide commentary on the bank's direction and the family's long-term investment and philanthropic philosophy. There is no public evidence that he directly oversees the pension plan's investment decisions.

## Related profiles

- [Chnor Capital](https://altss.com/profile/chnor-capital)
- [Choate Investment Advisors](https://altss.com/profile/choate-investment-advisors)

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Last updated: 2026-08-11T02:43:31.692Z

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