Wales pension pool hits 75% asset pooling milestone
Published: October 31, 2025
Around 75% of total assets from LGPS funds in Wales are now pooled, according to the Wales Pension Partnership’s (WPP) annual report for 2024/25.
This represents significant growth from an initial 21% of assets under pool management when the partnership published its first annual report in 2018. Of the pool’s constituent authorities’ total assets of around £25.8bn, £19.3bn are now invested in the partnership’s existing sub-funds.
Other key achievements included government approval of the pool’s business case to remain as a stand-alone Welsh investment pool. The WPP also retained its UK Stewardship Code signatory status for a fourth year.
Additionally, in response to the government’s Fit for the Future consultation, the pool launched Project Snowden – an internal transformation programme designed to align itself with new government requirements and develop the WPP into an FCA-regulated company.
The key result was the establishment of a new investment management company, which last month appointed its first chief executive.
Looking to 2026, the pool is set to publish its All-Wales Impact Report, which will measure its collective social, environmental, and economic impact across all of Wales’s eight pension funds.
