LGPS Central pool to cover 1.6 million scheme members
Published: October 30, 2025
LGPS Central is set to cover more than 1.6 million scheme members after six pension funds formally indicated their intention to join the pool.
These funds – namely Gloucestershire, Hampshire, Norfolk, Oxfordshire, Suffolk, and Wiltshire – have all signed a memorandum of understanding with the pool. This will take the total managed assets to around £100bn and will cover nearly 5,000 employers.
The pool added that conversations are ongoing with the Isle of Wight fund, which had initially declared for LGPS Central, with the pool supporting its governance process and confirming its preference.
The pool’s chair Joanne Segars said: “This is a landmark moment for LGPS Central and for pooling across the UK. The decision by six prospective partner funds to join us is a clear endorsement of the robust investment platform, responsible investment focus, and collaborative culture we’ve built alongside our current partner funds.
“Together, we will continue to deliver scale, value, and sustainable outcomes for all our partner funds, their participating employers and scheme members.”
LGPS Central’s chief executive Richard Law-Deeks added: “We’re delighted to welcome six new partner funds, bringing our total to 14, to LGPS Central. It’s a strong vote of confidence in our capabilities and our shared commitment to delivering long-term value.
“This milestone takes us to the £100bn mark, and our focus now is on delivery, working as one team to build an even more efficient, resilient platform for all our partners.”
The incoming funds have expressed confidence in their decision to join LGPS Central, with Gloucestershire’s Matthew Trebilcock praising the “strong cultural and strategic fit” of the pool, while Hampshire’s Andrew Boutflower said he was “impressed by the openness and like-mindedness” of the pool from the outset.
This view was echoed by Wiltshire’s Jennifer Devine, who noted the openness demonstrated by the pool’s senior leadership team gave the fund a “high level of conviction that our voice would be heard”.
Glenn Cossey from Norfolk, meanwhile, said the pool’s “strong governance framework” and “collaborative approach” impressed the fund, adding that the pool’s proven track record gave them confidence in a “smooth transition”.
As for Oxfordshire’s Mark Smith, he was looking forward to how the collaboration would enable the fund to “achieve greater scale, improved opportunities, and increased innovation” in its investment portfolio.
Similarly, Councillor Karen Soons of Suffolk said the focus on continuing to “maximise the benefits of pooling” was a key factor in joining the pool.
