BORDER TO COAST FORMALLY EXPANDS PARTNERSHIP TO 18 PARTNER FUNDS

Posted on April 1st, 2026

• Seven new LGPS funds grows partnership to 18, covering two million members and over 5,000 employers. 

Border to Coast Pensions Partnership today celebrates the formal addition of seven Local Government Pension Scheme (LGPS) funds to the pool, taking collective assets close to £120bn.  

The expansion positions Border to Coast as the largest pensions asset owner in the UK.

The pool, launched in 2018, stands ready to harness the benefits of scale to ensure greater value for money, innovation, and opportunity for its 18 LGPS Partner Funds – its shareholders and only customers. 

John Lister, Chair of Border to Coast:

“Today marks the formal expansion and strengthening of our partnership.  It brings the partnership’s collective assets to nearly £120bn, creating a unique opportunity to deliver the benefits of scale, deepen our investment capabilities and, as the largest pensions asset owner in the UK, further strengthen our partnership’s collective voice.” 

With the addition of Cambridgeshire, East Sussex, Essex, Hertfordshire, Kent, Northamptonshire, and West Sussex, the partnership now covers two million members and more than 5,000 employers.

Cllr Christopher Kettle, Chair of the Border to Coast Joint Committee and Warwickshire County Council Pension Fund Committee:  

“The addition of seven Partner Funds to the Border to Coast pool is a significant step forward, not only for the 18 individual pension funds but also the two million members of those funds and their respective employers. The benefits will be felt throughout, with economies of scale making the pool more robust and sustainable into the future.  

“Strong and efficient LGPS pools are essential to a resilient, future-focused pension system. By delivering sustainable outcomes, we protect the retirements of the members who keep local services running – from school canteens and libraries to refuse collections and social services – and support their employers. As Border to Coast expands, we remain a true partnership with our Partner Funds’ needs at the centre. Together, we have a powerful opportunity to build a stronger, more collaborative system for the decades ahead.” 

Border to Coast continues to make significant progress in delivering the remaining elements required to meet the ‘Fit for the Future’ policy framework.

Much of this work had already been agreed with Partner Funds as part of its 2030 Strategy and is expected to be completed this year. 

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