# Magnox Electric Group Pension Scheme

Magnox Electric Group Pension Scheme is a Pension Fund based in Coventry, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Coventry, United Kingdom
- **Region:** Europe
- **Address:** 2 Rye Hill Office Park, Birmingham Road, Coventry, United Kingdom
- **Founded:** 2000
- **Assets under management:** 3.75B (Altss estimate)
- **Website:** my-magnox-pension.com
- **LinkedIn:** https://www.my-magnox-pension.com

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Infrastructure
- Private Equity

## 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.

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- [Market Street Trust Company](https://altss.com/profile/market-street-trust-company)
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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/magnox-electric-group-pension-scheme

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