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London Borough of Harrow Pension Fund
The London Borough of Harrow Pension Fund launched in 1974 as the Administering Authority for the defined-benefit scheme covering Harrow Council employees and...
London Borough of Harrow Pension Fund
The London Borough of Harrow Pension Fund launched in 1974 as the Administering Authority for the defined-benefit scheme covering Harrow Council employees and workers at other designated organisations. It sits inside the national LGPS framework, a statutory arrangement where employer contributions and investment returns jointly fund future liabilities. The fund operates under the oversight of a Pension Fund Committee chaired by Councillor David Ashton, with Sharon Daniels serving as the statutory finance officer (S151 Officer) responsible for the fund's financial administration. The fund channels the majority of its assets through London CIV, the collective investment vehicle owned by London's LGPS funds and structured to reduce costs while expanding access to alternative asset classes. Its private-markets exposure includes commitments to the LCIV Infrastructure Fund and LCIV Renewables Infrastructure Fund, alongside participation in LaSalle Investors UK Real Estate Fund of Funds, according to fund documents. The strategy spans buyout, growth, venture, secondaries, and structured credit, deploying capital globally from a UK local-authority base. Harrow's team relies on its pooled partnership with London CIV rather than a large in-house staff. The fund maintains membership in the Local Authority Pension Fund Forum (LAPFF) for collaborative shareholder engagement on governance and ESG matters. As of mid-2026, the pension committee continues to guide asset allocation within the LGPS pooling framework, with no publicly announced departure from the London CIV structure. Structurally, the fund is defined by its pooling mandate—unlike standalone pension offices that build internal direct-investment teams, Harrow exerts influence through its board seat at London CIV and through LAPFF engagement. Succession risk is embedded in the statutory officer model, where the S151 Officer holds a personal fiduciary duty under UK public-finance law, creating a governance backstop distinct from typical trustee boards.
General information
Firm type
Pension Fund
Year founded
1974
Location
Region
Europe
Country
United Kingdom
City
Harrow
Corporate office
Harrow, England, United Kingdom
Principals
Councillor David Ashton
Chair of the Pension Fund Committee
Sharon Daniels
Strategic Director of Finance (S151 Officer)
Sector focus
Frequently asked questions
How does the Harrow Pension Fund deploy capital into private markets?
The fund does not structure direct investments independently. It pools the majority of its alternative assets through the London CIV, a collective investment vehicle owned by London boroughs. This structure gives Harrow access to dedicated funds such as the LCIV Infrastructure Fund and LCIV Renewables Infrastructure Fund, alongside real estate commitments via vehicles like the LaSalle Investors UK Real Estate Fund of Funds.
Who sits on the pension committee and holds fiduciary responsibility?
Councillor David Ashton chairs the Pension Fund Committee, which oversees investment strategy and governance. The statutory finance officer role—held by Sharon Daniels as the S151 Officer—carries a personal fiduciary duty under UK public-finance legislation, ensuring a clear accountability line separate from the political committee structure.
Is Harrow exposed to UK real estate, and through which vehicles?
Yes. The fund participates in the LaSalle Investors UK Real Estate Fund of Funds, which allocates across commercial and mixed-use property in the United Kingdom. This commitment is held alongside the infrastructure and private-equity sleeves accessed via London CIV.
What role does Harrow play within the London CIV governance structure?
Harrow is both a shareholder and a participant in London CIV. The fund contributes to governance through its voting stake and board-level representation, influencing the design of sub-funds and manager selection alongside other London LGPS funds. This pooled-governance model differentiates it from pension funds that build proprietary in-house investment teams.
Does the fund directly invest in global infrastructure projects?
It accesses infrastructure indirectly through London CIV. The LCIV Infrastructure Fund holds a diversified portfolio of global infrastructure assets, while the LCIV Renewables Infrastructure Fund targets energy transition opportunities. Harrow does not appear to originate or manage direct infrastructure deals on its own balance sheet.
How is the Harrow Pension Fund connected to LAPFF?
The fund is a member of the Local Authority Pension Fund Forum, a UK-wide collaboration of LGPS funds that pools shareholder engagement resources. Through LAPFF, Harrow participates in collective corporate-governance campaigns and ESG stewardship activities that a single borough-level fund would struggle to resource independently.
Is the Harrow Pension Fund open to external investors or co-investment queries?
No. The fund is a closed, defined-benefit scheme that serves eligible employees of Harrow Council and other participating public-sector employers. It does not accept capital from outside entities, and its private-markets access is mediated through the London CIV pooling structure rather than direct LP relationships.
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