# London Borough of Hounslow Pension Fund

London Borough of Hounslow Pension Fund is a Pension Fund based in London, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2015
- **Assets under management:** $1.66B (Altss estimate)
- **Website:** wypf.org.uk
- **LinkedIn:** https://uk.linkedin.com/company/london-borough-of-hounslow

## Regulatory record

- **Reports private funds:** No

## About

The London Borough of Hounslow Pension Fund sits inside the national Local Government Pension Scheme, with Hounslow Council as the statutory administering authority. Day-to-day administration flows through West Yorkshire Pension Fund, a shared-service arrangement that also serves Lincolnshire, Barnet, and England's largest group of fire authorities. This operational structure — pooling back-office functions across multiple LGPS funds — allows Hounslow to access institutional-grade investment management without building a standalone administrative staff. Strategy tilts toward third-party mandates, placing capital through vehicles rather than direct deal-by-deal execution. Confirmed positions include the CBRE Lionbrook Property Fund, BlackRock's ACS World ex UK Equity Tracker, and multiple London CIV funds — the LCIV Long Duration Buy & Maintain Credit Fund, LCIV Longview Partners Global Equity Fund, and LCIV RBC Sustainable Equity Fund. The fund also holds the Fidelity Multi Asset Income Fund. Geographic exposure spans UK commercial property, developed-market equities, and global fixed-income, with no disclosed allocations to private equity secondaries or venture. Governance runs through a two-tier structure: a Pension Fund Panel chaired by Cllr Jagdish Sharma and an independent Pension Board chaired by Neil Mason. Both bodies oversee a portfolio estimated at $1.66 billion (Altss estimate). The fund participates in the Local Authority Pension Fund Forum for collaborative shareholder engagement and holds membership in the Pensions and Lifetime Savings Association, the national trade body for UK pension schemes. On 19 May 2024, the Government changed the SCAPE discount rate used by public sector schemes, triggering cross-fund process updates that the WYPF shared-service hub published in a member notice. The structural differentiator is administrative scale-sharing without asset-pooling consolidation. Unlike the London CIV model that aggregates investment mandates, Hounslow retains independent asset allocation control while contracting operations to a multi-fund shared service. This hybrid governance posture — independent investment strategy, outsourced administration — lets the fund benchmark costs against the London pool without surrendering decision rights.

## Sectors

- Real Estate
- Private Credit
- Hedge Funds

## People

- Cllr Jagdish Sharma — Chair of the Pension Fund Panel
- Neil Mason — Independent Chair of the Pension Board

## Questions

### Who runs investment decisions at the London Borough of Hounslow Pension Fund?

A Pension Fund Panel chaired by Cllr Jagdish Sharma sets investment policy and monitors performance. Day-to-day fund management is delegated to external managers through pooled vehicles and mandates. An independent Pension Board chaired by Neil Mason provides compliance and governance oversight.

### What is the relationship between Hounslow's Pension Fund and West Yorkshire Pension Fund?

Hounslow Council is the statutory administering authority for the fund, but it contracts day-to-day pension administration to West Yorkshire Pension Fund under a shared-service agreement. WYPF provides member services, employer liaison, and administrative infrastructure for Hounslow, Lincolnshire, Barnet, and multiple fire authorities. Investment strategy and governance remain under Hounslow's independent control.

### How is Hounslow's Pension Fund governed?

A two-tier governance structure separates strategic oversight from compliance. The Pension Fund Panel — chaired by Cllr Jagdish Sharma — sets investment policy and monitors the fund's financial position. An independent Pension Board — chaired by Neil Mason — scrutinizes administration, risk management, and regulatory compliance. Both bodies report to Hounslow Council as the administering authority.

## Related profiles

- [London Borough of Hammersmith & Fulham Pension Fund](https://altss.com/profile/london-borough-of-hammersmith-fulham)
- [UC San Diego Foundation](https://altss.com/profile/university-of-california-san-diego-foundation)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/london-borough-of-hounslow-pension-fund

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology