LPPI eyes Bristol office as it absorbs ex-Brunel funds
Author: Nick Reeve | Published: January 28, 2026
Local Pensions Partnership Investments (LPPI) is to open an office in Bristol to support the Local Government Pension Scheme (LGPS) funds it has taken on from Brunel Pension Partnership.
LPPI is also hiring for 18 new roles, offering them to Brunel staff in the first instance. Brunel was ordered to shut down by the government last year as part of a move from eight LGPS asset pools to six.
The Bristol office – the location of which has yet to be decided – will support LPPI’s services to six LGPS funds in the south west: Devon, Avon, Dorset, Somerset, Cornwall, and the Environment Agency.
A memorandum was signed last year with LPPI’s existing members, Lancashire County Pension Fund, the London Pensions Fund Authority, and the Royal County of Berkshire Pension Fund. The pool already has offices in Preston and London supporting these funds.
In a statement, LPPI said it was “on track to complete formal onboarding” of its new partner funds by the 31 March 2026 deadline. Once complete, the pool will be responsible for more than £56bn.
Pensions Expert reported in September that LPPI had held early-stage discussions about taking on the regulated asset management business of Brunel, which includes nine sub-funds invested in listed equity and bond markets, and passive equity and bond strategies run by Legal & General Asset Management and BlackRock.
Chris Rule, LLPI’s chief executive officer, said: “We’re making excellent progress in the onboarding process thanks to genuine collaboration across all nine partner funds.
“Although we already have the capabilities and structure to deliver on the requirements of Fit for the Future, we need to scale to reflect our greater size.
“As we do this, we want to maintain a local presence for our partner funds, and do what we can to retain vital skills and experience within the LGPS. That’s why we’re opening a Bristol office and opening these new roles to Brunel colleagues first.”
This article was first published on Pensions Expert.
