London Borough of Bexley Pension Fund

London Borough of Bexley Pension Fund

The London Borough of Bexley Pension Fund operates as a defined-benefit scheme for council employees in the borough, administered by Bexley Council's Finance and Corporate Services team under Ross Brown and with governance provided by the Pension Fund Committee chaired by Councillor Howard Jackson. It formed alongside the Local Government Pension Scheme's broader consolidation drive, which mandated London boroughs to pool assets into the London Collective Investment Vehicle. Through LCIV, Bexley gains exposure across a multi-asset framework that spans global equities, fixed income, infrastructure, private equity and real estate. The pooling vehicle negotiates fee structures and conducts manager selection at scale on behalf of its member funds. The Tri-Borough Pensions Director Phil Triggs provides shared management services, reflecting a broader operational efficiency model that several London boroughs have adopted — consolidating pension administration across administrative boundaries. The fund holds direct UK cash deposits alongside its LCIV allocation and participates in the Local Authority Pension Fund Forum, which coordinates shareholder engagement on governance and climate risk. Its posture is inherently diversified, with no disclosed single-sector concentration. The structural differentiator is pooled authority: unlike standalone US state funds or independent corporate plans, Bexley operates inside a mandated collective that controls fund-level strategic moves — asset allocation, manager selection and cost negotiation — through a shared governance model unique to UK local-government pensions.