Brunel Pension Partnership cancels FCA permissions
Author: LAPF Investments | Published: July 10, 2026
The Brunel Pension Partnership has agreed with the FCA to cancel its FCA permissions, with the pool no longer authorised to carry out regulated activities.
The move to cancel its FCA permissions follows the successful transfer of the Brunel partner funds and their £42bn assets under management to their new pools.
Brunel has been in the process of supporting the transition of its 10 funds in moving to their new pools, with these moves triggered after the government rejected the pool’s business plan following the Fit for the Future reforms.
The vast majority of the funds are on their way to LPPI, with the pool recruiting a significant number of individuals from Brunel – most recently bringing on board Brunel’s chief responsible investment officer Faith Ward as a strategic adviser. The pool has also opened an office in Brunel’s home base of Bristol.
The rest of the funds are split between LGPS Central and London CIV, with three going to the former and one going to the latter.
Brunel has been working with all three to deliver a “coordinated, and efficient transition process”, adding that it’s “keeping the best interest of members and our ten client pension funds at the heart”.
