what we do

managing the Lothian pension fund

Lothian Pension Fund administers the Local Government Pension Scheme in Edinburgh and the Lothians. The Fund is a multi-employer scheme with £7billion assets at 30 June 2018. At the last valuation, in March 2017, the Fund was 91% funded. We manage 84,000 members and 90 employers.

Our market-leading in-house investment team manages over 85% of assets in-house via internal equity and bond portfolios and infrastructure investment. 

We established a regulated investment company providing resourcing, operational support, governance and deal execution for our private markets and gained FCA authorisation in 2015. This enables collaboration with other LGPS funds offering a clearing house service.

In March 2017, we became the first UK Local Government pension fund awarded accreditation for the Pensions Administration Standards Association and have held the Customer Service Excellence Award for the last 10 years.

Since then, we’ve continued to focus on subjects that are important to us. 

In 2019, we signed–up to Disability Confident and more importantly, committed to review and improve everything we do with respect to recruitment and employment. Through Disability Confident, we will work to ensure that disabled people and those with long term health conditions have the opportunities to fulfil their potential and realise their aspirations with us as an employer.  So, we will ensure all of our practices allow us to recruit and retain from the widest possible pool of talent and help us keep valuable skills and experience.

Also in 2019, we became a member of Climate Action 100+, as we firmly believe companies should detail exactly how climate change will affect their businesses – so shareholders can decide which organisations to support.

And most recently, we joined a number of organisations supporting the Scottish launch of a nationwide initiative focused on increasing diversity and inclusion in the asset management, professional services and financial services industries. We helped launch the Scotland chapter of the Diversity Project, which aims to accelerate progress toward a more inclusive culture in the investment and savings sectors across all demographics, including gender, ethnicity, sexual orientation, age and disability.

These represent some aspects of who we are, and causes we support – and are probably the most public but are not an exhaustive list of what makes us different, or how we take our values seriously.

who we are

Our ‘why’

We believe that if an organisation can’t clearly articulate ‘why’ the organisation exists, then how could they expect their employees to know ‘why’ to come to work – or ‘why’ a new employee should join them.

We believe in delivering a valued and sustainable retirement savings product for existing and future members of Lothian Pension Fund.

How we deliver our ‘why’

We will accomplish our strategy by:

  • Providing an excellent service to our members and employers
  • Providing funding and investment strategies for employers to manage affordability and mitigate risk
  • Being a partner of choice for other local government pension funds to improve efficiency and sustainability
  • Creating a flexible, supportive, empowering and professional working environment focused on productivity and high-quality output

Our Core Values

We are, above all, passionate about pensions and our values are enduring principles that inform, inspire and instruct day-to-day behaviour.

We are proud to be: