Tayside Pension Fund

Tayside Pension Fund

Tayside Pension Fund was established in 1996 and operates as the Local Government Pension Scheme administered by Dundee City Council. The scheme provides retirement benefits to local authority employees in the Tayside region. Governance rests with the Pension Sub-Committee chaired by Bailie Willie Sawers. The fund deploys capital across equities, real estate, and private markets. Equity mandates include allocations to Baillie Gifford Global Alpha and LGIM Passive Equity. Real estate exposure covers the Schroder Property Portfolio and commitments to Broad Street Real Estate Credit Partners III. Private market holdings include positions in Partners Group Direct Private Markets and Harbourvest Secondaries Fund. Geographic reach centers on the United Kingdom with additional exposure to global and United States markets through secondaries and credit funds. The fund reports no disclosed headcount for internal investment staff. It maintains service relationships with Isio Services Ltd as investment advisor and Northern Trust as global custodian. In March 2024 the fund participated in LGPS Scotland Investment & Governance Group Meetings focused on cost benchmarking. It holds memberships in LAPFF, IIGCC, Climate Action 100+, and PRI. Administration by Dundee City Council creates a direct link between the fund and local government operations. This structure channels investment decisions through the Pension Sub-Committee while day-to-day execution relies on external managers and advisors.