About the fund
The Merton Pension Fund is a Local Government Pension Scheme (LGPS) that provides defined benefit pensions to its 15,000 plus members. The Fund owns £980m of assets across a well-diversified portfolio and was 109% funded at the last triennial valuation.
The London Borough of Merton is the administrating authority and the largest employer (93%) of the Fund. The Fund considers the environment, social and governance as key element of its investment decisions along with the financial returns.
The Pension Fund investment team sit within the Finance and Digital Department. The pension administration is managed by Wandsworth Pension shared services.
The Merton Pension Fund is administered by the Pensions Shared Service.