# GKN Group Pension Scheme

GKN Group Pension Scheme is a Pension Fund based in Manchester, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Manchester, United Kingdom
- **Region:** Europe
- **Address:** Post Handling Centre, St James’s Tower 7 Charlotte Street, Manchester, United Kingdom
- **Founded:** 1759
- **Assets under management:** Undisclosed
- **Website:** gknpensions.co.uk
- **LinkedIn:** https://uk.linkedin.com/company/gkn

## Regulatory record

- **Reports private funds:** No

## About

The GKN Group Pension Scheme originated as the pension arrangement for GKN plc employees. In 2019 the scheme divided into four separate legal entities. Melrose Industries and later Dowlais Group became sponsoring employers following corporate restructurings. The scheme holds UK commercial property through GKN Investments LP and allocates to pooled equity and gilt funds managed by Legal & General Investment Management. It completed a full scheme buy-in for Scheme No. 4 covering approximately 4,225 members and maintains additional annuity policies with Prudential and Just Group. Geographic exposure remains concentrated in the United Kingdom. Vidett Trustee Services Limited was appointed sole professional trustee in 2024. The scheme uses Aptia UK Limited for administration and Pinsent Masons for legal counsel. No additional offices or staff numbers are disclosed. The scheme operates under UK pension regulations with sponsoring employers retaining responsibility for funding deficits. Service provider appointments and buy-in transactions constitute the primary observable governance activity.

## Sectors

- Diversified

## People

- Andrew McKinnon — Former Independent Chair of the Trustees

## Questions

### Who serves as trustee for the GKN Group Pension Scheme?

Vidett Trustee Services Limited acts as sole professional trustee since 2024 with Mark Cliff listed as primary contact.

### Which employers sponsor the GKN Group Pension Scheme sections?

Melrose Industries PLC sponsors Scheme No. 1 and No. 4. Dowlais Group PLC sponsors Scheme No. 2 and No. 3 after the 2023 demerger.

### What recent transactions has the scheme completed?

The scheme executed bulk annuity buy-ins with Just Group for Scheme No. 4 covering roughly 4,225 members and holds additional annuity policies with Prudential Assurance.

### Which asset managers handle investments for the scheme?

Legal & General Investment Management provides platform and investment management services for the DC section. Cardano and Aon serve as fiduciary managers.

### How is the scheme structured following the 2019 changes?

The original scheme split into four legally separate schemes, each with distinct sponsoring employers and benefit structures including DB, DC, and hybrid arrangements.

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

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