Greater Manchester Pension Fund

The Greater Manchester Pension Fund is a pension fund for employees of various institutions in Greater Manchester, United Kingdom. It is run by Tameside Metropolitan Borough Council[1] and follows the rules of the Local Government Pension Scheme

With £23 billion in assets as of 2018.,[2][3] it is the largest local authority pension scheme in the UK and 9th largest pension fund in the UK (including private companies) overall.[4]

Employers included in GMPF

Participating employers include:

Investments

It includes the Greater Manchester Property Venture Fund, which invests in properties including One St Peter's Square, The Soapworks (formerly the Colgate-Palmolive factory) in Salford Quays[5] and housing managed by Places for People. Most investments are in Stock Market shares and securities.[6] Greater Manchester Pension Fund has one of the highest proportions among UK Pension Funds invested in fossil fuel stocks[7] and is the subject of a divestment campaign,.[8]

References
  1. "Archived copy". Archived from the original on 2014-07-26. Retrieved 2014-07-16.CS1 maint: archived copy as title (link)
  2. GMPF Annual Report 2013 http://www.gmpf.org.uk/2014/documents/annualreport/2013.pdf Archived 2014-07-26 at the Wayback Machine
  3. "Greater Manchester pension fund returns 7% despite hit on global bonds". ipe.com. 17 September 2014. Retrieved 2014-11-17.
  4. "Pension Fund Table" (PDF). HM Government. Retrieved 2019-04-20.
  5. Soapworks sold to property fund for £60m
  6. https://www.gmpf.org.uk/investments/holdings.htm
  7. http://platformlondon.org/p-pressreleases/14-billion-risky-fossil-fuel-investments-by-uk-councils-revealed/
  8. Fossil Free Greater Manchester
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