# Scottish & Southern Energy Group Pension Scheme

Scottish & Southern Energy Group Pension Scheme is a Pension Fund based in Perth, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Perth, United Kingdom
- **Region:** Europe
- **Address:** Inveralmond House 200 Dunkeld Road, Perth, United Kingdom
- **Founded:** 1998
- **Assets under management:** 38284 (Altss estimate)
- **Website:** www.sse.com
- **LinkedIn:** https://uk.linkedin.com/company/sse-plc

## Regulatory record

- **Reports private funds:** No

## About

The scheme was established in 1998 as the pension vehicle for SSE plc, the UK energy company formerly known as Scottish and Southern Energy. SSE acquired Airtricity in 2008, expanding its renewables base that indirectly supports scheme funding. Asset allocation includes commercial and residential property in the United Kingdom, longevity swaps and buy-in contracts with Pension Insurance Corporation valued at £1.25B, and stakes in SSEN Transmission and Scotia Gas Networks. External managers including BlackRock and Legal & General run global equity and corporate bond sleeves. Geographic exposure centers on the United Kingdom and Scotland. The scheme lists no disclosed headcount for internal staff. It maintains two community funds focused on climate projects in Ireland and the United Kingdom. July 2024 attendance at the SSE Annual General Meeting covered pension funding alongside net-zero plans. Ownership flows through the sponsoring employer SSE plc, which retains 75% of SSEN Transmission alongside Ontario Teachers' Pension Plan. This creates a direct link between operating-company performance and scheme liabilities.

## Sectors

- Energy Transition & Renewables
- Infrastructure
- Real Estate
- Private Credit
- Secondaries & Special Situations

## People

- Graham Laughland — Chairman of Trustees
- Alistair Phillips-Davies — Member

## Questions

### How does the scheme source its direct investment opportunities?

The scheme benefits from proximity to its sponsoring employer, SSE plc, a major UK energy infrastructure developer. The £33 billion corporate investment programme creates natural co-investment visibility, as demonstrated by the shared SSEN Transmission stake with Ontario Teachers' Pension Plan. The scheme also accesses deal flow through its fund commitments and its direct real estate portfolio operations.

### Is the scheme structured as a single pooled fund or multiple plans?

The Scottish & Southern Energy Group Pension Scheme encompasses at least two named plans: the Scottish Hydro Electric Pension Scheme and the Southern Electric Pension Scheme. Each maintains separate trustee governance, though they share a common sponsoring employer and are reported together under the group umbrella.

### Does the scheme participate in fund commitments or only direct deals?

Both. The scheme's strategy spans fund-of-funds commitments, direct co-investments (such as the SSEN Transmission stake), and direct ownership of a commercial and residential property portfolio. It also uses pension insurance buy-in contracts with Pension Insurance Corporation to manage longevity risk on selected liabilities.

## Related profiles

- [Davy Group](https://altss.com/profile/davy-group)
- [Boston Scientific Ventures](https://altss.com/profile/boston-scientific-ventures)

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Last updated: 2026-07-06T00:38:11.677Z

Canonical page: https://altss.com/profile/scottish-southern-energy-group-pension-scheme

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