Investing for the future: responsibly, efficiently, professionally
The Pension Fund has a 'pot' of money, which may be required to pay pensions in the future. For reasons like risk, inflation etc the money, the Fund's 'assets', are invested. This is to ensure that the Fund continues to have sufficient assets in the long term and so that what employees and employers have to pay towards the Fund (the contribution rate) is as stable as possible.
We report regularly through our website on how these assets are invested, taking account of the needs of our employers, employees, wider society and the environment.
To achieve our investment objectives we invest in a range of assets globally, including equities, bonds (fixed interest securities), private equity and sustainable real assets (including property, infrastructure, forestry and agriculture).
We have a strong focus on responsible and sustainable investment, as we consider environment, social and governance factors create real risks and opportunities for the Fund, particularly given its long term nature. Other areas of the website provide more detail on our approach to responsible investment, climate risk and stewardship.
All our day to day investment management is delegated to specialist investment managers, but we retain direct responsibility for asset allocation, manager selection and manager monitoring.