London Borough of Tower Hamlets Pension Fund

The Pensions Committee, chaired by Councillor Ana Miah, holds ultimate fiduciary responsibility for investment decisions. Paul Audu serves as Interim Head of Pensions & Treasury, leading day-to-day oversight of external manager relationships and reporting directly to the committee. Investment strategy is set within the constraints of the Local Government Pension Scheme regulations and the London CIV pooling framework.

Tower Hamlets is a member of the London Collective Investment Vehicle, a statutory asset-pooling vehicle that aggregates investments from London LGPS funds. Most new commitments above defined thresholds must route through London CIV sub-funds, which negotiate manager fees and terms collectively across participating boroughs. The fund retains discretion over legacy direct mandates established before the pooling requirement took effect.

The fund's alternatives exposure is primarily through pooled real estate mandates and a liquidity fund rather than direct private equity co-investments. Its known positions include the Schroder Property Investment Mandate (mixed-use), the Industrial Property Investment Fund (logistics and industrial), and the Metro Property Unit Trust (commercial). Direct venture or growth-stage equity is not a disclosed component of its strategy.

The fund participates in the Local Authority Pension Fund Forum (LAPFF), a collaborative shareholder engagement network focused on environmental, social, and governance issues at investee companies. It also maintains membership in the Pensions and Lifetime Savings Association and follows CIPFA's Knowledge and Skills Framework for governance training, reflecting a stewardship approach typical of London LGPS funds.

Real estate dominates the disclosed alternatives book, spanning mixed-use, industrial, and commercial property through three UK-focused pooled mandates. A smaller allocation to private credit sits within the Insight Liquidity Fund. Infrastructure exposure is not separately itemized in public documents, though some LGPS peers route infrastructure commitments through London CIV pooled vehicles.

No. The fund is a pure defined-benefit public-sector pension scheme within the LGPS framework, administered directly by the London Borough of Tower Hamlets. It has no separate foundation, corporate investment entity, or operating company. All investment activity flows through the pension fund's legal structure and the London CIV pooling arrangement.

The fund covers current and former employees of the London Borough of Tower Hamlets, a local authority serving roughly 300,000 residents across East London. Its membership includes council staff, school workers, and other local government employees. The fund's liabilities reflect the borough's demographic mix, which skews younger and more diverse than the UK local-government average, but precise membership counts and funding ratios are not publicly updated at a cadence that supports attribution here.