Overview - what do we do?
An introduction to Gloucestershire Pension Fund
Gloucestershire Pension Fund is responsible for administering the Local Government Pension Scheme (LGPS) for the Gloucestershire area, as required under the LGPS regulations.
As a valued LGPS Pension Fund serving nearly 65,000 members and almost 250 employers across Gloucestershire, we endeavour to provide all of our stakeholders with high quality pensions services.
An award winning Fund
Our work gained national recognition as we won the Fund of the Year Award at the LGC Investment Awards in November 2025 (assets under £5bn), in reflection of our strong performance, service delivery, ESG commitment, innovative governance, and digital developments.
Administering Authority
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.
What we do at the Fund can broadly be split into the following areas:
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 £3.9bn 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 pension committee through the use of an Asset Pool, LGPS Central, in delivering our investment strategy via different investment managers.
If you would like more information on any of these areas, feel free to contact us.