# DMGT Pensions

DMGT Pensions is a Pension Fund based in London, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** dmgmedia.co.uk

## Regulatory record

- **Reports private funds:** No

## About

DMGT Pension Trustees Limited was incorporated in 1997 as the trustee vehicle for the pension obligations of Daily Mail and General Trust, the media holding company controlled by Jonathan Harmsworth, the fourth Viscount Rothermere. The structure sits beneath Rothermere Continuation Limited, the Jersey-domiciled parent, and serves as the fiduciary backbone for the DMGT PensionSaver Plan and associated legacy schemes tied to DMGT's UK workforce. Investment strategy follows the orthodox UK defined-benefit playbook for closed schemes. Known allocations include pooled fund mandates with M&G Investment Management, insurance buy-in policies held with the Prudential Assurance Company, and a dedicated liability-driven investment portfolio designed to hedge interest-rate and inflation exposure against actuarial liabilities. The fund does not market itself to external managers or publish a regular pacing plan, consistent with a maturing scheme moving toward eventual buyout or self-sufficiency. The trustee board includes Kevin Beatty, a longtime DMGT executive and former CEO of dmg media, as a director. Tim Collier, who became DMGT's CEO after serving as CFO, has engaged with the trustees on funding and covenant matters. DMGT Pension Trustees maintains membership in the Pensions and Lifetime Savings Association, the standard UK industry body, though it publishes no separate annual report or website — all disclosures flow through DMGT's consolidated accounts under UK pension regulation. What distinguishes the fund is its position inside a family-controlled public company. Jonathan Harmsworth holds the controlling voting stake through the Rothermere Continuation structure, meaning pension strategy must balance regulatory obligations with the family's broader capital-allocation priorities. The scheme operates without a standalone investment team, relying instead on trustee oversight and external fiduciary management, a governance model common among UK single-employer schemes of this vintage.

## People

- Jonathan Harmsworth — Chairman of DMGT and ultimate controlling party
- Tim Collier — CEO of DMGT
- Kevin Beatty — Director of DMGT Pension Trustees Limited

## Questions

### Who is the sponsoring employer behind DMGT Pensions?

The sponsoring employer is Daily Mail and General Trust (DMGT), the media holding company ultimately controlled by Jonathan Harmsworth, the fourth Viscount Rothermere, through Rothermere Continuation Limited, a Jersey-registered vehicle.

### What is the investment strategy for the DMGT pension schemes?

The portfolio reflects a mature UK defined-benefit approach centered on liability-driven investing. Known mandates include pooled funds with M&G Investment Management, insurance policies held with the Prudential Assurance Company, and an LDI portfolio designed to hedge interest-rate and inflation risks against promised benefits.

### How is the trustee board structured?

DMGT Pension Trustees Limited acts as the corporate trustee. The board has included Kevin Beatty, former CEO of dmg media, and maintains close liaison with DMGT's CFO and CEO functions — Tim Collier, who became CEO, worked directly with the trustees during his tenure as CFO.

### What regulatory framework governs DMGT Pensions?

The scheme operates under UK pension regulation, overseen by The Pensions Regulator. DMGT Pension Trustees is a non-trading private limited company, and scheme funding disclosures appear within DMGT's consolidated annual report rather than through a standalone pension publication.

## Related profiles

- [DMB Rechtsschutz-Versicherung](https://altss.com/profile/dmb-rechtsschutz-versicherung)
- [Dmkc Advisory Services](https://altss.com/profile/dmkc-advisory-services)

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

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