Key information
Request reference number: MGLA170925-4364
Date of response:
Summary of request
1. The Pension Fund manager fee you pay for your pension fund - as
measured both as a percentage of assets under management and also as a
cash payment for the financial year 2024/25, or the last financial
year you have a figure available for.
2. The performance of your pension fund over the last three financial
years that you have the figures for. If possible, please indicate the
metrics you record on its performance in terms of:
a) How much your pension pot grew by
b) How it performed relative to the target of your fund managers
c) How it performed relative to other public sector bodies and
d) How it performed relative to pension funds in the market generally.
If these are not recorded, please provide any performance criteria you
do have available.
Response
I can confirm that the GLA holds information within the scope of your request (information held by the London Pensions Fund Authority on behalf of the GLA).
Our responses are as follows:
1. The Pension Fund manager fee you pay for your pension fund - as
measured both as a percentage of assets under management and also as a
cash payment for the financial year 2024/25, or the last financial
year you have a figure available for.
This information is available in the 2024-25 Pension Fund Accounts document which can be accessed on the LPFA’s website at https://www.lpfa.org.uk/library/our-performance/annual-reports.
2. The performance of your pension fund over the last three financial
years that you have the figures for. If possible, please indicate the
metrics you record on its performance in terms of:
a) How much your pension pot grew by
b) How it performed relative to the target of your fund managers
This information is available in the 2024-25 Pension Fund Accounts document which can be accessed on the LPFA’s website at https://www.lpfa.org.uk/library/our-performance/annual-reports.
2 c) How it performed relative to other public sector bodies
The GLA does not hold information in scope.
The scheme advisory board webpage has all the Annual Reports linked and an overall report from SAB on returns: LGPS Scheme Advisory Board - Fund Annual Reports 2024 and LGPS Scheme Advisory Board - Financial Performance – see aggregated information table – net return on investment line
2 d) How it performed relative to pension funds in the market generally.
The GLA does not hold information in scope
Notes
- The LPFA does not pro rate the fund manager fee by employer body, so the figure to report on the fund manager fee from LPFA pension fund accounts is the fee for the whole fund, and not just in respect of the GLA.
- It is the fund that pays the manager fee, not the GLA.