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 and is the largest local authority pension scheme in the UK, with £13.3 billion in assets as of 2014.[2][3]
Employers included in GMPF
Participating employers include:
- All 10 Greater Manchester local authorities
- Contracted out employees of the local authorities
- Most further education colleges and numerous schools and Academies in Greater Manchester
- University of Bolton
- Manchester Metropolitan University
- Royal Northern College of Music
- Transport for Greater Manchester
Investments
It includes the Greater Manchester Property Venture Fund, which invests in properties including One St Peter's Square and housing managed by Places for People.
References
- ^ http://www.gmpf.org.uk/2014/behindthescenes.htm
- ^ GMPF Annual Report 2013 http://www.gmpf.org.uk/2014/documents/annualreport/2013.pdf
- ^ "Greater Manchester pension fund returns 7% despite hit on global bonds". ipe.com. 17 September 2014. Retrieved 2014-11-17.