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UK Power Networks Pension Schemes
UK Power Networks Pension Schemes was established in 2011 as an actuarially independent section of the Electricity Supply Pension Scheme. It provides benefits...
UK Power Networks Pension Schemes
UK Power Networks Pension Schemes was established in 2011 as an actuarially independent section of the Electricity Supply Pension Scheme. It provides benefits to eligible employees of UK Power Networks Holdings Limited, the principal sponsor. The scheme allocates the majority of assets to matching portfolios of index-linked gilts and corporate bonds through BlackRock pooled funds. Growth assets include the BlackRock Market Advantage Fund and commitments to Highbridge Private Debt Funds. Positions extend to Shell plc and BBVA with engagement on climate targets. Geographic exposure centers on the United Kingdom and global credit markets. BlackRock has served as fiduciary manager since 2023. The scheme participates in the PMI Trustee Group and retains WTW as group actuary plus Sackers as legal counsel. No additional offices or headcount figures are recorded. The scheme operates as a section of the industry-wide ESPS with oversight from Electricity Pensions Trustee Limited, creating a distinct governance link to the wider electricity sector rather than a standalone corporate plan.
General information
Firm type
Pension Fund
Year founded
2011
Location
Region
Europe
Country
United Kingdom
City
London
Corporate office
Newington House 237 Southwark Bridge Road, London, United Kingdom
Sector focus
Frequently asked questions
Who serves as fiduciary manager for the UK Power Networks Pension Schemes?
BlackRock Investment Management (UK) Limited has acted as fiduciary manager since 2023. It oversees both matching and growth portfolios including gilts and the Market Advantage Fund.
What is the primary asset allocation of the UK Power Networks Pension Schemes?
Approximately 72.5 percent of assets sit in liability-driven investments consisting of gilts and hedging instruments managed by Insight and AXA. The balance supports growth through pooled funds and private debt.
Does the UK Power Networks Pension Schemes hold direct operating businesses?
Yes. It owns 100 percent of Powerlink Renewable Assets Limited through UK Power Network Services Holdings. The holding sits in the renewable energy sector in the United Kingdom.
How is the scheme related to the Electricity Supply Pension Scheme?
The UKPN Group Scheme functions as an actuarially independent section of the industry-wide ESPS. Electricity Pensions Trustee Limited provides central trustee services.
What ESG structures does the scheme maintain?
A formal ESG policy exists alongside a joint ESG Working Party that monitors the fiduciary manager on climate-related activities and TCFD disclosures.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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