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Magnox Electric Group Pension Scheme
The scheme was established in 2000 as a section of the Electricity Supply Pension Scheme. It delivers defined benefits to members linked to the Magnox nuclear...
Magnox Electric Group Pension Scheme
The scheme was established in 2000 as a section of the Electricity Supply Pension Scheme. It delivers defined benefits to members linked to the Magnox nuclear sites now managed under the Nuclear Decommissioning Authority. Assets include a 5.05 percent allocation to private equity alongside holdings in long-dated secured leases, commercial aircraft leases, infrastructure debt and insurance-linked securities. Geographic exposure centers on the United Kingdom with additional global infrastructure debt. The scheme uses these instruments to match long-duration liabilities while maintaining a small venture allocation. Broadstone acts as scheme administrator. Aon serves as investment consultant. LGIM, BlackRock and Insight Investment manage portions of the portfolio. In January 2024 the scheme participated as a speaker at the mallowstreet Boutique Asset Manager Investment Focus event in London. The scheme operates as a ring-fenced group within the larger ESPS structure, with Magnox Limited as sponsoring employer. Governance is provided through an investment committee that historically included external trustees such as Andrew Clare.
General information
Firm type
Pension Fund
Year founded
2000
Location
Region
Europe
Country
United Kingdom
City
Coventry
Corporate office
2 Rye Hill Office Park, Birmingham Road, Coventry, United Kingdom
Sector focus
Frequently asked questions
Who runs investment decisions at Magnox Electric Group Pension Scheme?
An investment committee oversees allocations. Andrew Clare served as chairman from 2011 to 2023.
Does Magnox Electric Group Pension Scheme participate in fund commitments or only direct deals?
The scheme holds a 5.05 percent allocation to private equity and maintains a portfolio of direct long-dated leases and aircraft leases.
What asset classes does Magnox Electric Group Pension Scheme hold?
Holdings include private equity, long-dated secured leases, aircraft leases, infrastructure debt, insurance-linked securities and a liability-driven portfolio of gilts and derivatives.
How is Magnox Electric Group Pension Scheme related to the Electricity Supply Pension Scheme?
It operates as one group section within the wider ESPS umbrella structure.
Where does the underlying wealth come from for Magnox Electric Group Pension Scheme?
The scheme is sponsored by Magnox Limited, which operates nuclear sites on behalf of the Nuclear Decommissioning Authority.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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