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Lancashire County Council Pension Fund
The fund was established in 1983 and remains headquartered in Preston. It operates as a public pension scheme under the oversight of Lancashire County Council...
Lancashire County Council Pension Fund
The fund was established in 1983 and remains headquartered in Preston. It operates as a public pension scheme under the oversight of Lancashire County Council and outsources day-to-day investment management and administration to the Local Pensions Partnership entities. Asset allocation includes public equities via the LPPI Global Equities Fund, fixed income, credit, private equity at 7.62 percent, and real assets. Confirmed holdings encompass a 5,478-home single-family rental portfolio acquired with Northern LGPS, a 412 MW solar joint venture with Bluefield, and infrastructure assets including Forth Ports and Anglian Water through GLIL. Geographic exposure centers on the United Kingdom with additional holdings in England, Scotland, and Wales. The fund maintains memberships in the Local Authority Pension Fund Forum, the Pensions and Lifetime Savings Association, and the CIPFA Pensions Panel. It attended the PLSA Annual Conference in October 2024 and the LGC Investment Awards in March 2025. Service providers include Northern Trust as custodian and Mercer as actuary. Governance centers on the pooling arrangement with LPFA, which created shared investment and administration platforms rather than maintaining a standalone internal team.
General information
Firm type
Pension Fund
Year founded
1983
Location
Region
Europe
Country
United Kingdom
City
Preston
Corporate office
Lancashire County Council County Hall, Fishergate, Preston, Lancashire, United Kingdom, PR1 8RL
Sector focus
Frequently asked questions
Who administers the Lancashire County Council Pension Fund?
Local Pensions Partnership Administration handles day-to-day scheme administration under contract since 2016. The fund itself remains the statutory scheme administered by Lancashire County Council.
How does the fund structure its investment management?
It routes most assets through Local Pensions Partnership Investments, a 50/50 entity with the London Pensions Fund Authority. Separate mandates exist for property with Knight Frank Investment Management.
What real asset exposures does the fund hold directly?
Direct holdings include industrial assets let to Accrol Papers, student accommodation at St Leonard's House, and a mixed-use regeneration project at Blackburn Cathedral Quarter. It also participates in the PRS REIT single-family rental portfolio.
Which infrastructure platforms does the fund access?
The fund invests in GLIL Infrastructure LLP, which owns stakes in Forth Ports, Anglian Water, and rail rolling stock. It also holds exposure to the Lyceum Solar joint venture.
Does the fund participate in industry associations?
Yes. It belongs to the Local Authority Pension Fund Forum, the Pensions and Lifetime Savings Association, and the CIPFA Pensions Panel.
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