Wiltshire County Council Trust Fund

Day-to-day management is led by Jennifer Devine as Head of Wiltshire Pension Fund, with strategic asset allocation and most investment mandates executed through the Brunel Pension Partnership, the FCA-regulated pooling company established in 2018. Wiltshire Council serves as the Administering Authority, with oversight from a local pension board. Certain direct holdings, such as the Affordable Housing Portfolio, remain under local governance.

Brunel Pension Partnership is one of eight LGPS asset pools created under a 2015 UK government directive to consolidate local-government pension assets for cost efficiency and improved governance. Ten funds, including the Wiltshire Pension Fund, pooled their investment management into Brunel, which handles manager selection, portfolio construction, and stewardship across public and private markets. Each partner fund retains its separate identity, liability structure, and local pension board.

Yes. The fund maintains a direct Affordable Housing Portfolio centered on Chippenham, and it holds an interest in the Toucan Energy Solar Portfolio, a diversified UK ground-mounted solar PV portfolio. These direct holdings operate alongside the pooled allocations managed by Brunel and reflect a deliberate place-based investment strategy.

The fund is a member of the Local Authority Pension Fund Forum, which coordinates collaborative engagement on ESG issues across LGPS funds. It maintains signatory status to the UK Stewardship Code. Through Brunel, it accesses the Climate Opportunities (Clops) Portfolio and participates in pooled renewable-infrastructure investments, including recent co-investments in UK solar and other energy-transition assets.

The fund accesses private equity, infrastructure, and private debt through Brunel's pooled mandates, which include fund commitments, direct co-investments, and separately managed accounts. The Climate Opportunities Portfolio represents a dedicated thematic allocation that spans multiple private-market structures.

Wiltshire Council is the statutory Administering Authority, meaning it holds ultimate fiduciary responsibility for the fund. A local pension board, established under LGPS regulations, provides governance oversight on behalf of scheme members and employers. Investment decisions are delegated to the Brunel Pension Partnership under the terms of the pooling agreement.

The fund participates in co-investments through the Brunel platform, which negotiates fee structures and co-investment rights with underlying managers on behalf of all ten partner funds. This pooled approach gives Wiltshire access to co-investment deal flow that would be difficult to source independently at its individual scale.