From 1 April 2026, the Environment Agency Pension Fund (EAPF) will join a new investment pool: LPPI (formerly known as Local Pensions Partnership Investments).
This marks the next stage in the evolution of investment pooling within the Local Government Pension Scheme (LGPS).
Throughout this transition, our commitment to responsible investment remains firm. We believe that climate change presents a material risk to the fund.
We’re proud that 18% of our fund is currently invested or committed to investing in climate solutions, helping to contribute to a well-funded pension scheme.
In 2015, the government asked the 89 LGPS funds to pool their investments to achieve greater efficiency and reduce investment management costs. In response, the Brunel Pension Partnership was established, and EAPF became one of its 10 founding partner funds.
In 2025, all 8 existing LGPS pools were required to submit business plans demonstrating how they would meet new government pooling requirements. Brunel’s plan was not accepted, meaning its 10 partner funds, including the EAPF, needed to identify an alternative pool. Following this review, the EAPF took the decision to transition to LPPI.
Our new pool will bring together LPPI’s existing funds, Lancashire County Pension Fund, the London Pensions Fund Authority and the Royal County of Berkshire Pension Fund, with 6 funds previously in the Brunel pool: Devon, Avon, Dorset, Somerset, and Cornwall. Once these funds are fully integrated, LPPI will manage more than £54 billion in assets.
We want to reassure members that your pension benefits will not be affected by this change, and our focus on responsible investment remains unchanged.
To learn more about our new pool, please visit the LPPI website.