Tower Hamlets Pension Fund

Tower Hamlets Pension Fund

The London Borough of Tower Hamlets established the pension fund in 1974. It functions as the administering authority under UK LGPS rules. The council retains oversight while day-to-day investment decisions rest with the interim head and external advisers. The fund allocates across global equities, fixed income, real estate, and infrastructure. Confirmed holdings include the LCIV UK Housing Fund, the LCIV Renewable Infrastructure Fund, and the Schroders Property Investment Portfolio. It maintains positions in Baillie Gifford and Legal & General mandates. Geographic exposure centers on the United Kingdom and developed markets through the London CIV platform. Assets total $2.7 billion. The fund employs Mercer as investment adviser and Hymans Robertson as scheme actuary. It maintains membership in the Local Authority Pension Fund Forum and the Pensions and Lifetime Savings Association. In December 2024 the index-linked gilts mandate moved from Schroders to BlackRock. The fund operates as a shareholder in London LGPS CIV Ltd with a 3.1 percent stake. This pooling vehicle executes the majority of investments on behalf of the borough, separating scheme administration from day-to-day portfolio management.