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 £23 billion in assets as of 2018.[2][3]

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[4] and housing managed by Places for People. Most investments are in Stock Market shares and securities[5]. Greater Manchester Pension Fund has one of the highest proportions among UK Pension Funds invested in fossil fuel stocks[6] and is the subject of a divestment campaign, [7].

References

  1. ↑ http://www.gmpf.org.uk/2014/behindthescenes.htm
  2. ↑ GMPF Annual Report 2013 http://www.gmpf.org.uk/2014/documents/annualreport/2013.pdf
  3. ↑ "Greater Manchester pension fund returns 7% despite hit on global bonds". ipe.com. 17 September 2014. Retrieved 2014-11-17.
  4. ↑ Soapworks sold to property fund for £60m
  5. ↑ https://www.gmpf.org.uk/investments/holdings.htm
  6. ↑ http://platformlondon.org/p-pressreleases/14-billion-risky-fossil-fuel-investments-by-uk-councils-revealed/
  7. ↑ Fossil Free Greater Manchester
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