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London Borough of Ealing Pension Fund
The London Borough of Ealing Pension Fund is a part of the Local Government Pension Scheme (LGPS). It provides retirement and related benefits to council...
London Borough of Ealing Pension Fund
The London Borough of Ealing Pension Fund is a part of the Local Government Pension Scheme (LGPS). It provides retirement and related benefits to council employees and other eligible bodies. The fund focuses on investments in the private equity sector, specifically biotechnology and life sciences.
General information
Firm type
Pension Fund
Location
Region
Europe
Country
United Kingdom
City
Ealing
Corporate office
Ealing, United Kingdom
Principals
Cllr Ilayda Nijhar
Chair of the Pension Fund Panel
Bridget Uku
Group Manager, Treasury and Investments
Dennis Frost
Chair of the Pension Board
Sector focus
Frequently asked questions
What is the London CIV and how does Ealing use it?
The London Collective Investment Vehicle is an FCA-authorised asset pool created in 2015 to consolidate investment management across London's local authority pension funds. Ealing and other London boroughs transfer assets into CIV sub-funds covering equities, fixed income, infrastructure, private debt, and real estate. The structure reduces fees through scale and gives member funds access to asset classes that would be harder to diligence individually.
Who makes investment decisions at the Ealing Pension Fund?
The Pension Fund Panel, chaired by Cllr Ilayda Nijhar, sets the investment strategy and approves allocations. Bridget Uku, as Group Manager for Treasury and Investments, leads the officer team implementing those decisions. A separate Pension Board chaired by Dennis Frost provides independent governance oversight.
Does the fund invest directly or only through pooled vehicles?
Most liquid and alternative allocations flow through the London CIV's pooled sub-funds. However, the fund retains a direct UK pooled property portfolio managed outside the CIV structure, reflecting a deliberate decision to maintain local control over real assets.
How does the fund conduct shareholder engagement and stewardship?
Through its membership in the Local Authority Pension Fund Forum (LAPFF), Ealing participates in collective engagement with portfolio companies on governance, climate, and social issues. LAPFF represents over 80 UK local authority funds and pools their voting and engagement weight.
What role does the London Borough of Ealing Council play?
The council is the administering authority under the LGPS regulations. It appoints the Pension Fund Panel members, employs the investment staff, and bears ultimate fiduciary responsibility for the fund. The council's full board does not make investment decisions — that power is delegated to the Panel.
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