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MMC UK Pension Fund
MMC UK Pension Fund was established in 1957 as the retirement vehicle for UK staff of Marsh & McLennan Companies. The scheme absorbed the JLT UK Pension Scheme...
MMC UK Pension Fund
MMC UK Pension Fund was established in 1957 as the retirement vehicle for UK staff of Marsh & McLennan Companies. The scheme absorbed the JLT UK Pension Scheme assets in 2021 after MMC acquired Jardine Lloyd Thompson. The fund allocates across private equity, real estate, and fixed income. It maintains a Global Real Estate Portfolio valued at $277 million and a Mercer Active UK Property fund focused on UK warehouses, retail, and offices. Geographic exposure centers on the United Kingdom and Guernsey. Confirmed holdings include positions through Mercer Private Investment Partners and HarbourVest Partners. The trustee board is led by Chair Bruce Rigby. Mercer serves as long-term investment advisor and actuary. In 2023 the fund completed a longevity risk transfer covering £3.4 billion of liabilities for 7,500 members. The fund operates as a sponsored pension scheme with governance provided by MMC as the principal employer. Trustee decisions are executed through MMC UK Pension Fund Trustee Limited.
General information
Firm type
Pension Fund
Year founded
1957
Location
Region
Europe
Country
United Kingdom
City
Manchester
Corporate office
Maclaren House, Talbot Road Stretford, Manchester, M32 0FP, United Kingdom
Principals
Bruce Rigby
Chair of the Trustee Board
Sector focus
Frequently asked questions
Who runs investment decisions at MMC UK Pension Fund?
The trustee board chaired by Bruce Rigby oversees investment policy. Mercer acts as investment advisor and actuary.
Does MMC UK Pension Fund participate in fund commitments or only direct deals?
The fund commits to private equity vehicles including Mercer Private Investment Partners and HarbourVest Partners. It also holds direct real estate through the Mercer Active UK Property fund.
What investment stages does MMC UK Pension Fund typically target?
The fund targets buyout, balanced, mezzanine, and fund-of-funds strategies within private equity.
How is MMC UK Pension Fund related to Marsh & McLennan Companies?
Marsh & McLennan Companies is the sponsoring employer. The fund was created to provide retirement benefits to its UK employees.
What is MMC UK Pension Fund's known posture on co-investments alongside external GPs?
The fund invests as a limited partner in external vehicles such as Patria Capital Partners and Insight Secured Income Fund.
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