# London Borough of Redbridge Pension Fund

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

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Ilford, United Kingdom
- **Region:** Europe
- **Address:** Ilford, United Kingdom
- **Founded:** 1972
- **Assets under management:** Undisclosed
- **Website:** www.redbridge.gov.uk
- **LinkedIn:** https://uk.linkedin.com/company/london-borough-of-redbridge

## Regulatory record

- **Reports private funds:** No

## About

The London Borough of Redbridge Pension Fund was established in 1972 as the funded retirement vehicle for non-teaching employees of the London Borough of Redbridge and other designated employers. It operates within England's Local Government Pension Scheme, a statutory, defined-benefit framework backed by taxpayer-guaranteed employer contributions. The fund falls under the oversight of Redbridge Council's Pension Fund Committee, which sets investment strategy in consultation with external advisors. The underlying wealth is generated from ongoing employer and employee contributions and the accumulated investment returns on plan assets. Strategy tilts heavily toward growth assets to address actuarial deficits, with the portfolio allocated across global public equities, diversified fixed income, UK commercial real estate, infrastructure, and private equity fund commitments. The fund pools its private markets allocations through the London Collective Investment Vehicle, accessing direct infrastructure stakes and private equity partnerships alongside other London boroughs. The fund reports its holdings annually, with disclosed positions historically including UK property assets and broad equity mandates run by appointed external managers. Geographic exposure is predominantly UK and developed markets, with emerging-market allocations phased in through diversified multi-asset funds. Total headcount remains unconfirmed, but the fund relies heavily on outsourced investment management and actuarial consulting. The Pension Fund Committee is comprised of elected councillors and scheme member representatives, with day-to-day administration handled by the Council's finance department. Redbridge participates in the London CIV pooling arrangement, which consolidates London LGPS assets into regulated fund structures. The fund's annual reports detail regular portfolio valuation updates and triennial actuarial reviews, the most recent of which inform ongoing employer contribution rate adjustments. Structurally, Redbridge stands apart from UK defined-contribution schemes by operating as a pay-as-you-go-plus-reserves model within the statutory LGPS framework. Its governance is directly answerable to local councilors rather than independent trustees, creating a political dimension absent from corporate pension plans. The fund's participation in the London CIV is a structural commitment to pooling, reducing internal manager-selection overhead but ceding some direct control over manager relationships.

## Sectors

- Public Equities
- Fixed Income
- Infrastructure
- Real Estate
- Private Equity
- Private Credit

## Questions

### Who oversees investment decisions for the London Borough of Redbridge Pension Fund?

Investment strategy is set by the Pension Fund Committee, a body composed of Redbridge councillors and scheme member representatives. The Committee delegates day-to-day investment management to external fund managers and consults with independent actuarial and investment advisors. Final fiduciary responsibility rests with Redbridge Council as the administering authority.

### What liability profile does the fund manage?

The fund carries a defined-benefit liability stream linked to the final-salary career paths of former Redbridge Council employees. Liabilities stretch decades into the future, requiring the fund to balance near-term pensioner cashflows with long-duration growth assets. Actuarial valuations are conducted every three years under LGPS regulations.

### How does the fund's governance differ from a private pension scheme?

Redbridge operates as a statutory public-sector plan under the Local Government Pension Scheme, which means its governance is exercised by elected councillors rather than independent professional trustees. Employer contributions are backed by the council's taxing authority, giving the fund a sovereign-like credit support that private schemes lack.

### What is the fund's relationship to the London CIV?

Redbridge is one of more than 30 London borough funds that pool assets through the London Collective Investment Vehicle. The CIV operates as an FCA-authorized fund manager, creating sub-funds for different asset classes. Redbridge transfers a portion of its assets into CIV sub-funds to reduce investment costs and improve governance oversight across London's LGPS community.

### Does the fund report its holdings publicly?

Yes. Like all LGPS funds, Redbridge publishes an annual report and financial statements that include a summary of asset allocations, investment performance, and material manager appointments. The reports are submitted to Redbridge Council and are available through the council's public website.

## Related profiles

- [London Borough of Newham Pension Fund](https://altss.com/profile/london-borough-of-newham-pension-fund)
- [London Borough of Sutton Pension Fund](https://altss.com/profile/london-borough-of-sutton-pension-fund)

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

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