# Stagecoach Group Pension Scheme

Stagecoach Group Pension Scheme is a Pension Fund based in Perth, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Perth, United Kingdom
- **Region:** Europe
- **Assets under management:** 1.5B (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

The Stagecoach Group Pension Scheme originated as the defined benefit plan of Stagecoach Group plc. John Hamilton serves as trustee chair. Bruce Dingwall, CFO of the former sponsor, also sits on the board. Assets include a multi-asset portfolio with liability-matching fixed income, UK credit funds, and long-duration credit. The scheme holds positions through Montagu Private Equity, Patria Capital Partners, InfraRed Capital Partners and HSBC Investments. Geographic exposure centers on the United Kingdom with additional infrastructure and private credit allocations. Aberdeen Group plc became sponsoring employer in December 2025. The scheme maintains service relationships with Hymans Robertson as investment advisor, Mercer as scheme actuary, and SEI Investments as fiduciary manager. It attended the PLSA Investment Conference in March 2025. The 2025 run-on structure removed the original corporate sponsor while preserving member benefits under Aberdeen oversight. Governance incorporates member-nominated trustees from Unite and RMT unions alongside independent professional trustees from Pan Trustees.

## Sectors

- Infrastructure
- Private Credit
- Real Estate

## People

- John Hamilton — Chair of the Trustee Board

## Questions

### Who chairs the trustee board at Stagecoach Group Pension Scheme?

John Hamilton serves as chair. Bruce Dingwall, former Stagecoach CFO, also holds a trustee seat.

### What was the outcome of the 2025 transaction with Aberdeen?

Aberdeen Group plc became the new sponsoring employer. The deal transferred funding responsibility and asset oversight for the £1.2 billion scheme.

### Which external managers hold mandates from the scheme?

Aberdeen Group plc acts as investment manager. Additional providers include Hymans Robertson for investment advice and SEI Investments for fiduciary management.

### Does the scheme maintain private market exposure?

Yes. Holdings include commitments to Montagu Private Equity, Patria Capital Partners and InfraRed Capital Partners alongside infrastructure and credit strategies.

### How are member interests represented on the trustee board?

Unite the Union and RMT provide member-nominated trustees. Independent professional trustees from Pan Trustees supplement the board.

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Last updated: 2026-06-03T20:00:00.000Z

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

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