Overview - what do we do?

Gloucestershire County Council (GCC)  is assigned as the Administering Authority and responsible for overseeing the administration of the pension scheme, although Gloucestershire Pension Fund is also primarily an 'in-house' function delivered by GCC staff.

As GCC is also one of the participating pension scheme employers, we use the name Gloucestershire Pension Fund to distinguish between the role of the Pension Fund from that of the employer. Appropriate Governance arrangements also exist to reduce the chance of conflicts of interest.

  Pensions Administration and Systems

Creating and keeping up-to-date pension records for our 60,000+ members, performing calculations in line with legislation, keeping data up-to-date, and managing all of the systems required to do this.

Heywood Ltd provide us with software but all the day-to-day administration activities are delivered by the in-house team, who are also on hand to answer member queries.

 Communications and Relations

Producing high-quality communications and training for all our members, pensioners and participating employers. Maintaining the Fund's website, social media, and overall brand.

 Finance and Accounting

Managing the flows of money in and out of the Fund and ensuring appropriate controls and accounting requirements are met.

 Investment

Overseeing the investment of over £3.5bn of assets, seeking positive long-term investment returns to keep the costs of paying scheme benefits as low as possible for scheme employers and, often, the tax-payer.

Oversight is the responsibility of senior officers and the Committee whilst we use an Asset Pool (currently Brunel Pension Partnership) to deliver our investment strategy via different investment managers.