LPPI pool to grow to nine funds
Author: Tom Parker | Published: November 13, 2025
Local Pensions Partnership Investments (LPPI) has taken a key step towards formally expanding to nine partner funds.
This follows the signing of a Memorandum of Understanding (MoU) by six new funds – Devon, Avon, Dorset, Somerset, Cornwall, and the Environment Agency – along with the existing partners, the Lancashire County Pension Fund, the London Pensions Fund Authority, and the Royal County of Berkshire Pension Fund.
LPPI will continue working with all nine partner funds to ensure a “smooth and efficient” onboarding process as equal shareholders, with formal completion expected by the government’s deadline of 31 March 2026.
Once complete, the pool’s total assets under management will exceed £54bn.
LPPI chief executive Chris Rule said: “This important milestone means we’re now ready to move from due diligence and planning to execution.
“We’re excited to work closely with our new and existing partners funds to achieve their strategic goals, all while delivering on the ambition of Fit for the Future and extending the benefits of pooling to more members, employers and taxpayers.”
Councillor Simon Bond, chair of the Berkshire Pension Fund Committee, added: “I am pleased this first step has been taken in enlarging the LPPI investment pool, and welcome the new partner pension funds who are in the process of joining.
“The Royal County of Berkshire Pension Fund looks forward to working with others in making this transition a success, alongside our core function of providing pensions for members of the pension scheme.”
