# Cable & Wireless Superannuation Fund (CWSF)

Cable & Wireless Superannuation Fund (CWSF) 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:** $1B–$3B (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

CWSF originated as the pension vehicle for employees of Cable & Wireless Limited, a British telecommunications company now held by Liberty Latin America Ltd. following its 2016 acquisition. The fund's governance rests with a board of trustee directors comprising member nominees, retired member nominees, and company-appointed professional trustees from Vidett and Ndapt Ltd — a hybrid oversight structure common among UK legacy corporate schemes. Historically, CWSF maintained a venture capital allocation within its broader portfolio, though precise direct positions remain undisclosed in public filings. The fund's investment strategy appears anchored to UK defined-benefit norms: a liability-driven framework layered with annuitization to offset longevity and inflation risks. Bulk annuity buy-in contracts now form a material component of the asset base, consistent with a pension plan in advanced de-risking mode where sponsor covenant support steers residual growth exposure. The scheme draws professional trustee services from Vidett, represented by Jim Robson, and Ndapt Ltd, represented by Paul Couchman, alongside member-nominated directors including Dean Johnson and Ian Armour. Liberty Latin America, the ultimate parent, operates across the Caribbean and Latin America — leaving CWSF as a UK-regulated entity within a multinational corporate structure. Total assets sit in the $1B–$3B range by Altss estimate, though no current public valuation is published. What distinguishes CWSF structurally is its progression from a single-employer corporate scheme into an annuity-buy-in transition vehicle under a non-UK-listed parent. This architecture places the fund at the intersection of UK pension regulation, Bermuda-incorporated stewardship via Liberty Latin America, and the practical reality that many legacy DB schemes are now managed primarily for wind-down rather than fresh deployment.

## Sectors

- Venture Capital

## People

- Dean Johnson — Trustee Director (Member Nominee)
- Ian Armour — Trustee Director (Member Nominee)
- Chris Willey — Trustee Director (Retired Member Nominee)
- Nigel Fisher — Trustee Director (Retired Member Nominee)
- David Whitten — Trustee Director (Retired Member Nominee)
- Colin Williams — Trustee Director (Member Nominee)
- Leah Pegg — Trustee Director (Company Nominated Director)
- Jim Robson — Professional Trustee, Vidett
- Paul Couchman — Professional Trustee, Ndapt Ltd

## Questions

### Who ultimately sponsors the Cable & Wireless Superannuation Fund?

The fund's sponsoring employer is Cable & Wireless Limited, a UK telecommunications firm. Since 2016, Cable & Wireless Limited has been a subsidiary of Liberty Latin America Ltd., a publicly traded company incorporated in Bermuda that operates telecom and media assets across the Caribbean and Latin America. Liberty Latin America therefore stands as the ultimate parent sponsor.

## Related profiles

- [BMW U.K. Pension Plan](https://altss.com/profile/bmw-uk-pension-plan)
- [Caisse d'Assurance Vieillesse des Experts Comptables et des Commissaires aux Comptes](https://altss.com/profile/caisse-dassurance-vieillesse-des-experts-comptables-et-des-commissaires-aux-comp)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/cable-and-wireless-superannuation-fund-cwsf

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology