News archive
Groundbreaking at Cam: Building communities, delivering impact
26 November 2025
We were delighted to visit the Cam development in Gloucestershire and see first-hand how our investment is helping to create a vibrant, sustainable community. This project represents a significant step in delivering high-quality homes that meet local needs.
During the visit, Gloucestershire Pension Fund Committee Chair, Cllr Colin Hay, had the honour of performing the ceremonial groundbreaking to mark the start of construction.
The scheme will provide 266 new homes, including 160 affordable homes funded through the Gresham House Thriving Investments Residential Secure Income LP platform. Delivered in partnership with Vistry Group and supported by Homes England, this development is a great example of how collaboration and place-based investment can accelerate housing delivery.
From shared ownership and affordable rent to open-market homes, this mixed-tenure approach ensures a balanced, inclusive community with excellent transport links and energy-efficient design.
A big thank you to our partners for their commitment and expertise in making this vision a reality. We look forward to sharing more milestones as the project progresses.
LGPS Pension Managers’ Conference 2025
21 November 2025
This week, senior managers from Gloucestershire Pension Fund joined their peers in beautiful Torquay for the LGPS Pension Managers’ Conference 2025. Under the autumn sunshine, they heard inspiring speakers and shared ideas with Funds from across the UK.
In the LGPS, collaboration is at the heart of what we do. We share ideas, support each other, and work together to deliver the best possible service for our members. We’re proud to be part of such a strong and forward-thinking community, and moments like these remind us why partnerships matter.
From soil to supply chain: insights on natural capital and regenerative farming
12 November 2025
Gloucestershire Pension Fund officers were joined by Committee members Councillor Colin Hay (Chair) and Councillor Chloe Turner (Vice Chair) earlier this week for a site visit, following an invitation from Savills Investment Management, to explore investment opportunities in natural capital – with a particular focus on regenerative farming.
The visit centred on the practical implementation of regenerative agriculture at scale, demonstrating its potential to deliver profitable outcomes for both people and the planet.
The group toured a leading regenerative farm in Ampney St Mary, Cirencester, managed by Ed Horton of SS Horton and Sons. This was followed by a visit to Matthews Cotswold Flour in Shipton-under-Wychwood, Oxfordshire, offering insights into a supply-chain business and the broader long-term market benefits of improved soil management and high-quality regenerative yields – building sustainable resilience and value.
We look forward to continuing our journey towards sustainable investments that deliver long-term value for our members and the environment.
For deeper insights into natural capital and sustainable investment strategies, head over to Savills Investment Management .
Committee and Board training day – Collaboration in action!
30 October 2025
Gloucestershire Pension Fund had the pleasure of co-hosting a joint training day with our friends at Oxfordshire Pension Fund at the beautiful De Vere Cotswold Water Park.
It was a fantastic opportunity to come together, share insights, and strengthen our collective understanding of the evolving pensions landscape.
The programme was packed with engaging and thought-provoking sessions:
🌐 Hymans Robertson – Climate Change Modelling and Scenarios
- Insightful and forward-thinking – helping us navigate the complexities of climate risk.
🧠 Aon – Being an Effective Pension Committee or Board Member
- Interactive and practical – a great reminder of the value of diverse perspectives and good governance.
🤝 LGPS Central – Introduction to Our New Pension Investment Pool
- Comprehensive and welcoming – we’re excited about the journey ahead with our new pool.
🌱 Savills Investment Management – Natural Capital
- Highly informative, entertaining, and enthusiastic – especially about soil!
A huge thank you to all our speakers and attendees for making the day such a success. Collaboration like this strengthens our ability to serve our members and meet the challenges of tomorrow.
Scheme improvements (access and protections) consultation launched
13 October 2025
The Ministry of Housing, Communities and Local Government (MHCLG) has launched the LGPS: Scheme improvements (access and protections) consultation .
They are proposing changes to the following areas:
- The normal minimum pension age: Changing the minimum age from 55 to 57 with effect from 6 April 2028 but with protections in place for members with scheme membership before 4 November 2021.
- Pension access for councillors and mayors: Allowing both to join the scheme (this is not possible at present).
- Academies in the LGPS: Seeking to streamline the approval process whereby Multi Academy Trusts, which span more than LGPS Fund, could seek to consolidate their LGPS arrangements within one LGPS Fund (subject to the agreement of the Funds concerned).
- New Fair Deal: To seek to streamline the outsourcing process by removing admitted body status, including the need for admission agreements, and replace them with deemed employer status and automatic pass-through arrangements. The intention is to reduce costs, complexity and the subsequent delays in putting these arrangements in place.
A draft set of regulations for the proposals on pension access for councillors and mayors, as well as new Fair Deal, have also been published for comment.
The LGPS Minister, Alison McGovern, issued a written ministerial statement alongside the consultation. The consultation is open for ten weeks, closing on 22 December 2025.
The statement confirms that the Government will respond to the LGPS: Access and Fairness consultation later this year.
Gloucestershire Pension Fund is currently reviewing the proposals and we intend to respond to the consultation from a Fund perspective.
Gloucestershire Pension Fund publishes second TCFD Report
26 September 2025
We’re pleased to share our latest Task Force on Climate-Related Financial Disclosures (TCFD) report for the year 2024/25.
Covering the period from 1 April 2024 to 31 March 2025, this second edition reflects our ongoing commitment to managing climate-related risks and opportunities across our investment portfolio.
Although TCFD reporting is not yet mandatory for Local Government Pension Schemes, we believe transparency is essential. By voluntarily publishing this report, we aim to empower our stakeholders – employers, members, and the wider community – with clear insights into our climate strategy and progress.
We remain committed to annual TCFD reporting as part of our broader journey toward sustainable and resilient investment practices.
Together, we’re investing in a future that works for our members – and the planet.
Gloucestershire Pension Fund selects preferred pooling partner
22 September 2025
Gloucestershire Pension Fund selects LGPS Central as preferred pooling partner.
The Pension Committee of Gloucestershire Pension Fund met on Thursday 18 September and selected LGPS Central as its preferred pooling partner, marking a significant step forward in response to the UK Government’s “LGPS: Fit for the Future” initiative.
Following a comprehensive review of pooling options and strategic alignment, the Committee unanimously agreed to accept an invitation to join LGPS Central. This decision reflects the Fund’s commitment to collaboration, cost efficiency, and enhanced stewardship across its investment portfolio.
Matthew Trebilcock, Head of Gloucestershire Pension Fund, commented:
"This is a pivotal moment for our Fund. LGPS Central offers a strong cultural and strategic fit, and we are confident that this partnership will deliver long-term value for our members and employers. We look forward to working closely with our new partners to shape the future of pooled investment within the LGPS."
It's Pension Awareness Week
15-19 September 2025
This week marks Pension Awareness Week at Gloucestershire Pension Fund – a timely opportunity to shine a light on your LGPS pension and take control of your retirement planning.
Whether you're just starting your career or approaching retirement, our dedicated poster is your gateway to clarity, offering direct access to answers for all your LGPS questions.
It features a link to our official website, the Engage pension portal for managing your benefits, and our Linkedin account where you can stay updated and connect with us.
Don’t miss the chance to get informed, empowered, and pension smart – your future self will thank you.
Feel free to print the poster and stick it on your wall! - plus it's relevant all year round, so no need to take it down!
LGC Investment Awards 2025:
Gloucestershire Pension Fund among finalists
27 August 2025
We’re proud to announce that Gloucestershire Pension Fund has been shortlisted for Fund of the Year (Small) at the LGC Investment Awards 2025!
This recognition reflects the dedication of our team in delivering strong governance, responsible investment, and long-term value for our members. We’re honoured to be considered among such outstanding peers in the LGPS community.
We’re also pleased to share that William Moffat, our Pension Group Leader for Communications, has been shortlisted in the LGPS Rising Star category. His leadership and commitment continue to make a visible and meaningful impact across the Fund.
Thanks to the Local Government Chronicle for this recognition – we look forward to the awards ceremony in November and celebrating the achievements of the sector.
Gloucestershire Pension Fund becomes a Signatory to the UK Stewardship Code
19 August 2025
We are proud to announce that we have been accepted as a signatory to the UK Stewardship Code, marking a significant milestone in our commitment to responsible investment and high standards of governance.
Administered by the Financial Reporting Council (FRC), the UK Stewardship Code sets a benchmark for asset owners and managers in delivering sustainable value for beneficiaries, the economy, and society, setting high standards for how institutional investors engage with the companies they invest in – promoting long-term value, transparency, and sustainability. Becoming a signatory demonstrates our dedication as a Fund to transparency, accountability, and long-term value creation through effective stewardship.
Matthew Trebilcock, Head of Gloucestershire Pension Fund, commented:
"This recognition reflects the Fund’s ongoing efforts to integrate environmental, social, and governance (ESG) considerations into its investment strategy. It reinforces our commitment to acting as a responsible steward of our members’ assets and to aligning with best practice in the industry."
Our successful application follows a rigorous assessment of our Fund stewardship policies, practices, and outcomes over a 12-month period. As a signatory, we will continue to report annually to the FRC, ensuring continued alignment with the Code’s principles.
Read the Gloucestershire Pension Fund
2024 Stewardship Code Report
For more information about the UK Stewardship Code, visit the Financial Reporting Council website .