Pension Fund

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Leicester, Leicestershire and Rutland Combined Fire Authority

Leicester, Leicestershire and Rutland Combined Fire Authority was constituted under UK statutory instrument to provide integrated fire-and-rescue services...

Leicester, Leicestershire and Rutland Combined Fire Authority

Leicester, Leicestershire and Rutland Combined Fire Authority was constituted under UK statutory instrument to provide integrated fire-and-rescue services across the City of Leicester and the shire counties of Leicestershire and Rutland. Governance is supplied by elected members drawn from Leicester City Council, Leicestershire County Council, and Rutland County Council, which jointly fund the authority via annual precepts. The authority's financial reserves, fleet, and property holdings — including over a dozen operational fire stations and a specialist training facility at Desford — represent its balance-sheet assets rather than an institutional investment pool. The Combined Fire Authority does not allocate to private markets directly. Pension arrangements for uniformed and non-uniformed staff fall within the Local Government Pension Scheme (LGPS), administered through Leicestershire County Council Pension Fund. The Fire Brigades Union and other representative bodies negotiate on workforce matters under normal UK public-sector frameworks. The authority's capital expenditure programme is directed toward operational vehicles, facility upgrades, and fire-behaviour training infrastructure, not toward fund commitments or co-investments. Scale is measured in terms of public-service reach rather than assets under management. The service covers roughly 2,500 square kilometres and a resident population exceeding one million. Its estate is geographically distributed to meet Home Office targets for response times across urban and deeply rural settings — from the central hub at Lancaster Place in Leicester to on-call stations in Billesdon and Castle Donington. The Learning and Development Facility and the Desford Fire Behaviour Training Unit serve as shared regional assets used by neighbouring brigades. What distinguishes the authority structurally is its position as a spending body, not an investing entity. Unlike an endowed foundation or a university endowment, it holds no endowment corpus and issues no fund mandates. Any investment function that touches its workforce is fully delegated to the LGPS administering authority, making the Combined Fire Authority a creature of local-government public service provision rather than a financial institution.

General information

Firm type

Pension Fund

Year founded

AUM

Undisclosed

Location

Region

Europe

Country

United Kingdom

City

Leicester

Corporate office

12 Geoff Monk Way, Birstall, Leicester, LE4 3BU, United Kingdom

Frequently asked questions

Does Leicester, Leicestershire and Rutland Combined Fire Authority manage its own pension fund?

No. The authority does not operate a standalone pension fund. All eligible staff participate in the Local Government Pension Scheme (LGPS) through the Leicestershire County Council Pension Fund, which pools assets with other local employers for investment management purposes.

How is the Combined Fire Authority funded?

It is funded predominately through council tax precepts levied on residents of Leicester City, Leicestershire County, and Rutland, supplemented by central government grants. The three constituent councils appoint members to the fire authority's governing body and approve the annual budget.

What assets does the Combined Fire Authority hold on its balance sheet?

Its material holdings are operational assets: fire stations, service headquarters on Geoff Monk Way in Birstall, a fleet of fire appliances and officer vehicles, a specialist training unit in Desford, and usable cash reserves held for working-capital purposes. It holds no investment portfolio of the kind maintained by a pension fund or endowment.

Does the authority make direct investments or fund commitments?

The Combined Fire Authority is a fire-and-rescue service delivery body, not an institutional investor. It does not engage in direct investments, fund commitments, or co-investment activity. Any pension contributions are remitted to the LGPS-administering authority, which handles all investment decisions.

What is the governance relationship with the constituent councils?

Leicester City Council, Leicestershire County Council, and Rutland County Council are the authority's business partners. Each appoints elected representatives to the Combined Fire Authority's governing board and provides funding through council tax precepts. Leicestershire County Council additionally acts as the administering authority for the pension scheme.

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