# Rhondda Cynon Taf County Council Pension Fund

Rhondda Cynon Taf County Council Pension Fund is a Pension Fund based in Porth, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Porth, United Kingdom
- **Region:** Europe
- **Address:** Porth, United Kingdom
- **Founded:** 1996
- **Assets under management:** Undisclosed
- **Website:** www.rctpensions.org.uk

## Regulatory record

- **Reports private funds:** No

## About

Rhondda Cynon Taf County Council Pension Fund was established in 1996 and operates as part of the nationwide Local Government Pension Scheme (LGPS). Barrie Davies, the council's Deputy Chief Executive and S151 Officer, holds senior responsibility for the fund, which provides retirement benefits for the employees of Rhondda Cynon Taf, Bridgend, and Merthyr Tydfil County Borough Councils as well as other participating bodies. The fund manages a diversified portfolio spanning public equities, fixed income, real estate, and infrastructure. Its direct holdings include a Pooled Property Portfolio with a United Kingdom and European focus, alongside a Global and Wales-facing Infrastructure Investment Portfolio. The fund allocates capital through the Wales Pension Partnership (WPP), one of eight LGPS pools, which aggregates assets from its constituent Welsh authorities to negotiate lower fees and access larger-scale direct and co-investment opportunities. Christina Leyshon represents the fund on the WPP Joint Governance Committee. The fund is an active member of several collaborative bodies, including the Local Authority Pension Fund Forum (LAPFF) for collective shareholder engagement, the Principles for Responsible Investment (PRI) as a signatory, and the Institutional Investors Group on Climate Change (IIGCC) for managing climate risk. It also participates in the CIPFA Benchmarking Club for administration performance. Total members exceed 60,000 across its employer base, though the fund does not publicly disclose assets under management or a precise deployment figure. The fund maintains a broad professional network but does not list a specific team headcount or additional physical offices. Structurally, the fund operates as a local government pension scheme with a statutory obligation to its members rather than a profit motive. The relationship with the WPP is its primary structural differentiator, allowing a mid-sized Welsh fund to co-invest alongside larger institutional partners and access private market deals that might otherwise be out of scale.

## Sectors

- Real Estate
- Infrastructure

## People

- Barrie Davies — Deputy Chief Executive / Group Director – Corporate Resources and S151 Officer
- Christina Leyshon — Representative on the WPP Joint Governance Committee

## Questions

### Who runs investment decisions at Rhondda Cynon Taf Pension Fund?

The fund operates under the oversight of Barrie Davies, Deputy Chief Executive and S151 Officer of the council. Day-to-day investment decisions are heavily influenced by the fund's participation in the Wales Pension Partnership (WPP), which pools assets across eight Welsh LGPS funds. Christina Leyshon serves as the RCT representative on the WPP Joint Governance Committee, ensuring the fund's mandate is reflected in pool-level decisions.

### How is the fund related to the Wales Pension Partnership?

Rhondda Cynon Taf is one of eight constituent authorities of the Wales Pension Partnership (WPP), the asset pool created to aggregate the investment power of Welsh LGPS funds. Through the WPP, RCT gains access to lower-cost fund structures, collective manager oversight, and larger-scale private market allocations including infrastructure and direct co-investments. Christina Leyshon sits on the WPP Joint Governance Committee on behalf of the fund.

### Does the fund make direct investments or commit through external managers?

The fund uses a mix of approaches. It holds a direct Pooled Property Portfolio focused on UK and European commercial real estate and participates in a global and Wales-focused infrastructure portfolio. For liquid public markets and certain alternatives, the fund primarily invests through the sub-funds and external managers selected by the WPP pool.

### How large is the Rhondda Cynon Taf Pension Fund in terms of assets?

The fund does not publicly disclose its total assets under management. While it is described as one of the largest occupational schemes in Wales by member count — serving over 60,000 people — no specific AUM figure is published on its website or accessible through primary Altss sources.

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- [Rhombuz VC](https://altss.com/profile/rhombuz-vc)
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Last updated: 2026-06-03T20:00:00.000Z

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