Essex Pension Fund’s statement on its Investment Position

The Essex Pension Fund, due to its nature, takes a long-term view in regard to its investment strategy.

The Fund’s investments are well diversified, allocated across a range of asset classes, geographies and are managed externally by a number of investment managers. 

The Investment Steering Committee has translated its investment objectives into a suitable strategic allocation benchmark and structure for the Fund. The Fund benchmark is consistent with the Committee’s view on the appropriate balance between generating a satisfactory long-term return on investments whilst taking account of market volatility and risk and the nature of the Fund’s liabilities. 

The Fund is continuing to implement its de-risking programme moving away from equities into income generating alternative assets.

The Fund value currently stands around £9.3bn of which 1.6% is invested in index linked UK Government bonds.