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Dumfries and Galloway Pension Fund
The Dumfries and Galloway Pension Fund was established to administer retirement benefits under the Local Government Pension Scheme for employees of the...
Dumfries and Galloway Pension Fund
The Dumfries and Galloway Pension Fund was established to administer retirement benefits under the Local Government Pension Scheme for employees of the Dumfries and Galloway Council and related bodies. Paul Garrett serves as Chief Financial Officer and Proper Officer for the fund. The fund maintains target allocations that include private equity at 9.1 percent alongside property and infrastructure holdings. Confirmed positions include the BlackRock UK Property Fund, Columbia Threadneedle Property Fund, Stafford Capital Timberland Funds with a £55 million commitment in 2023, and the Quinbrook Net Zero Power Fund. Geographic exposure centers on the United Kingdom with additional holdings in global timberland and renewable energy assets. Assets under management stand at $1.4 billion. The fund works with service providers that include Hymans Robertson as investment advisor and actuary, Legal & General Investment Management and BlackRock as managers, and Northern Trust as global custodian. It participates in the Local Authority Pension Fund Forum and the LGPS Scotland Advisory Board. Administration rests with Dumfries and Galloway Council as the statutory administering authority, creating a direct governance link between the pension scheme and the local authority that sponsors it.
General information
Firm type
Pension Fund
Location
Region
Europe
Country
United Kingdom
City
Dumfries
Corporate office
Pensions Section, Dumfries & Galloway Council HQ English Street, Dumfries, DG1 2DD, United Kingdom
Principals
Paul Garrett
Chief Financial Officer
Ivor Hyslop
Chair of the Pensions Sub-Committee
Sector focus
Frequently asked questions
Who runs investment decisions at Dumfries and Galloway Pension Fund?
Ivor Hyslop chairs the Pensions Sub-Committee. Paul Garrett, Chief Financial Officer of Dumfries and Galloway Council, acts as Proper Officer for the fund.
Does Dumfries and Galloway Pension Fund participate in fund commitments or only direct deals?
The fund commits to pooled vehicles including the Stafford International Timberland Fund and the Pension Infrastructure Platform Multi-Strategy Infrastructure Fund.
Which asset classes receive allocations from Dumfries and Galloway Pension Fund?
Allocations include private equity at a 9.1 percent target, UK commercial property through BlackRock and Columbia Threadneedle funds, timberland, and renewable energy infrastructure.
Where does the underlying wealth come from?
Assets derive from employer and employee contributions to the Local Government Pension Scheme for Dumfries and Galloway Council staff.
How is Dumfries and Galloway Pension Fund related to Dumfries and Galloway Council?
The council serves as the administering authority under statute and provides the governance framework through its Pensions Sub-Committee.
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