Fund of the year (small)

City & County of Swansea Pension Fund

The City & County of Swansea Pension has consistently delivered top 10 LGPS Universe returns for the last 20 years, achieving full funding for the first time ever.It has played a full and contributory role in the success of the collaboration of the Wales LGPS which predated the pooling agenda and now is established as Wales Pension Partnership.Whilst also committing itself to an ambitious net zero target date of 2037 reducing its carbon footprint by 50% since, In addition it is implementing an impactful portfolio of renewable energy infrastructure nationally/locally, affordable housing, and natural capital .

Scottish Borders Council Pension Fund

• Year to 31 March 2024: + 9.1% investment returns• Fund value increased from £486m in 2013/14 to £937m in 2023/24. • SBCPF significantly exceeded the investment returns required by Fund Actuary over the last 10 years• Investment risk profile lower than average LGPS Fund.• Formal actuarial funding level assessment March 2023 134%. • Diversified asset allocation.• Robust ESG policy.• Signatory to Climate Action 100+• Signatory of UK Stewardship Code 2020 for 2 consecutive years.• Strong governance and oversight – measured by Myners Principles and unqualified audit opinions. • Strong collaboration with IGG

Norfolk Pension Fund

The Norfolk Pension Fund is creative and collaborative in its commitment to securing the best outcomes for our own scheme members and employers, and working across the LGPS where we all share the same objective.We invest in the highest standards of governance, creating a clear shared mission and delivery roadmap across the Fund; investing in people, processes and systems, always focussed on what our members and employers need. Our multiple investment strategy approach delivers tangible benefits to our employers and have successfully led on Class actions. We host the National LGPS Frameworks, and regularly contribute to the national debate.

Westminster City Council

Westminster has achieved remarkable success in financial performance, service delivery, governance improvements, innovation, ESG integration, and contributions to the wider LGPS community. These achievements make us a strong contender for the LGPS Fund of the Year award, reflecting Westminster’s commitment to excellence and continuous improvement.

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