Wessex Water Pension Fund

Wessex Water Pension Fund

Wessex Water Pension Fund was established in 2000 to provide retirement benefits for employees of Wessex Water Services Limited. The scheme operates under the oversight of Wessex Water Pension Scheme Trustee Limited and maintains a defined benefit section valued at $745 million alongside a smaller defined contribution section. Assets are allocated across fixed income, government bonds and real assets, with Russell Investments and Insight Investment serving as managers since 2020. The defined contribution portion includes member options such as the L&G Future World Fund and Blackrock UK Equity Index Fund. Geographic exposure centers on the United Kingdom, with one disclosed equity position in Uber Technologies held through Russell Investments. The fund follows a fund-of-funds approach for portions of the portfolio and accepts illiquidity in private equity and property mandates. The trustee board includes Chair Kevin Wall and Ruth Jefferson, who also serves as CEO of Wessex Water. January 2024: Attended Wessex Water Partnership Meetings focused on customer engagement and environmental performance. Service providers include Hymans Robertson as investment advisor and Northern Trust as custodian. The pension fund maintains separation from the philanthropic activities of the Wessex Water Foundation and the broader YTL Foundation, with governance routed through the trustee company rather than direct parent oversight.