Nottinghamshire Local Government Pension Fund

Nottinghamshire County Council serves as the administering authority. The Council's Pensions Committee, advised by the Local Pensions Board, holds governance responsibility for the fund's strategic asset allocation, actuarial valuations, and employer contribution rates in line with LGPS regulations.

Listed-market mandates — equities and fixed income — are pooled through LGPS Central, a collective investment vehicle jointly owned by eight Midlands-based LGPS funds. This structure aggregates assets for scale, cost efficiency, and manager access while Nottinghamshire retains representation on governance bodies overseeing the pool.

Yes, the fund retains a legacy portfolio of direct UK commercial and industrial property. Known holdings include Bagshot Retail Park in Surrey, Blenheim Industrial Estate in Nottingham, Brook Street Property in London, and Chantry Court in Bristol. A Langar Lane solar farm adds operational renewables exposure.

Yes. Since 2015, UK government policy has encouraged LGPS funds to pool assets into larger collective vehicles like LGPS Central to reduce costs and improve governance. Nottinghamshire participates fully in the pool for listed assets while maintaining direct oversight of its legacy property portfolio, a hybrid posture shared by several Midlands funds.

The fund is a member of the Local Authority Pension Fund Forum (LAPFF), which coordinates shareholder engagement and voting across member LGPS funds on environmental, social, and governance issues. Pool-level stewardship through LGPS Central supplements the fund's own committee-level oversight.