Brunel Pension Partnership
Brunel Pension Partnership is a UK LGPS pension pool operator providing discretionary investment management to ten UK local government pension funds through active equities, passive equities, and private markets — operating as a non-profit owned by its client-shareholders.
- Company typePrivate
- Founded2017
- HeadquartersBristol, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Brunel Pension Partnership does
Brunel Pension Partnership is one of eight UK Local Government Pension Scheme (LGPS) pools, established around 2017 to aggregate investment management for ten client LGPS pension funds (Avon, Buckinghamshire, Cornwall, Devon, Dorset, Environment Agency, Gloucestershire, Oxfordshire, Somerset, Wiltshire). The company operates as a discretionary investment manager authorised and regulated by the Financial Conduct Authority (reference 790168) as a full-service MiFID firm, headquartered in Bristol. Brunel outsources 100% of underlying asset management and specialises in portfolio construction, manager selection, and oversight — it does not trade securities directly.
The platform is structured across three core strategies: (1) active equities delivered via the FCA-approved TM Brunel Pension Partnership Authorised Contractual Scheme operated by Tutman, comprising seven portfolios (UK Equity, Low Volatility Global Equity, Emerging Markets Equity, High Alpha Global Equity, Diversifying Returns, Smaller Companies Equities, Global Sustainable Equity); (2) passive equities delivered via Legal & General Investment Management (LGIM), appointed in 2018; and (3) private markets (private equity, infrastructure, private debt, secured income, property) via a curated roster of leading fund managers. The private markets team has deployed over £8bn across five asset classes and 30+ co-investments. Brunel has transitioned over £30bn in assets since inception.
Commercially, Brunel is a non-profit making private limited company (Company no. 10429110) whose clients are simultaneously its shareholders. The annual operating budget is funded by shareholder contributions; any surplus is either returned to shareholders or retained for future expenditure. Pricing is not publicly disclosed as services are offered only to professional investors under discretionary investment management agreements. The company has become a recognised leader in Responsible Investment, reporting measurable climate progress (92% reduction in fossil fuel reserves intensity, 54% carbon intensity reduction against a 50% by 2030 target, 100% Paris-aligned coverage of in-scope assets) and winning multiple IPE industry awards including Best in Europe for ESG (2025) and IPE Transition Awards (2026). The entity is approaching wind-down, with clients transitioning to alternative pools.
Brunel Pension Partnership firmographics
Firmographics- Name
- Brunel Pension Partnership
- Legal name
- Brunel Pension Partnership Limited
- Website
- https://brunelpensionpartnership.org
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Brunel Pension Partnership is a UK LGPS pension pool operator providing discretionary investment management to ten UK local government pension funds through active equities, passive equities, and private markets — operating as a non-profit owned by its client-shareholders.
- Ownership category
- akta.pro rank
Brunel Pension Partnership industry classification
Industry- Product category
- Pension Fund Pool Management / Institutional Investment Management
- NAICS
- Portfolio Management and Investment Advice (523940), Pension Funds (52511)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)
- akta.pro secondary industries
- Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE), Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)
Keywords
Where Brunel Pension Partnership is headquartered
LocationHeadquarters
- HQ city
- Bristol
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Brunel Pension Partnership business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Others
Revenue model
- Discretionary Investment Management Fees: Brunel operates as non-profit making entity. Annual budget is funded by shareholders (clients). Any surplus generated is either returned to shareholders or retained by agreement to meet future expenditure. Brunel acts as the discretionary investment manager to its ten clients in accordance with duties and obligations under applicable regulations.
- Cost Savings from Pooling: The company generates value through cost savings achieved via pooling assets. Achieved net cost savings since inception of £172.9 million, beating original business case targets of £27.8 million annually. Delivered £57 million net cost savings in 2024/25.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Discretionary investment management for LGPS pools |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels8 records
Brunel Pension Partnership product offering
Product offeringCore offering
Brunel Pension Partnership is a UK LGPS pool operator providing discretionary investment management services to ten Local Government Pension Scheme funds. The firm delivers pooled investment solutions across three core strategies — active equities (via the FCA-approved TM Brunel ACS with seven portfolios), passive equities (through LGIM), and private markets (across private equity, infrastructure, private debt, secured income, and property). Brunel specialises in portfolio construction, manager selection and monitoring, responsible investment, stewardship, and climate alignment on behalf of its shareholder clients, operating as a non-profit entity with any surplus returned to shareholders.
Product overview
Brunel Pension Partnership is one of eight UK Local Government Pension Scheme (LGPS) pools, operating as a non-profit pool operator managing over £30 billion in assets for ten client pension funds. The company offers a unified investment management platform structured across three core strategies: active equities (delivered via the TM Brunel Authorised Contractual Scheme with seven portfolios including UK Equity, Global Sustainable Equity, Emerging Markets Equity, Low Volatility Global Equity, High Alpha Global Equity, Smaller Companies Equities, and Diversifying Returns), passive equities (delivered through LGIM), and private markets (covering private equity, infrastructure, private debt, secured income, and property across multiple investment cycles). Brunel's services are distinguished by a comprehensive Responsible Investment framework encompassing seven priority themes with outcomes reporting, stewardship services including voting and engagement, and policy advocacy. The company outsources 100% of assets under management and specializes in portfolio construction and risk management through selection, appointment, and monitoring of asset managers.
Differentiator
Problem solved
Functional benefit
Products and services
- TM Brunel Pension Partnership Authorised Contractual Scheme (ACS) FCA-approved Authorised Contractual Scheme used by Brunel to deliver its active equity strategy. Operated by Tutman with Brunel as investment manager. Currently offers seven portfolios: UK Equity, Low Volatility Global Equity, Emerging Markets Equity, High Alpha Global Equity, Diversifying Returns, Smaller Companies Equities, and Global Sustainable Equity.
- Active Equity Strategy Delivered through the TM Brunel ACS with seven actively managed equity portfolios offering exposure to UK, global, emerging markets, smaller companies, sustainable equity, and diversifying returns strategies for LGPS client pension funds.
- Passive Equity Strategy Passive equity strategy delivered through Legal & General Investment Management (LGIM) as appointed manager since 2018, providing index-tracking equity exposure across global markets, including index-linked gilts and conventional gilts.
- Private Markets Programme
Quantifiable outcome
- 92% reduction in fossil fuel reserves intensity vs 2019 baseline by end of 2025
- +7 more outcomes
Companies that use Brunel Pension Partnership
Customer profileNamed customers10 records
Segments2 records
Ideal customer profiles1 record
Brunel Pension Partnership technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature3 records
Brunel Pension Partnership partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core, strategic and minor.
- TutmancoreTutman operates the TM Brunel Pension Partnership Authorised Contractual Scheme (ACS) for regulatory purposes. Brunel acts as investment manager of the ACS with Tutman appointing Brunel to manage each sub-fund. The ACS was launched in 2018 and currently offers seven active equity portfolios.
- Legal & General Investment Management (LGIM)coreLGIM delivers Brunel's passive equity strategy, appointed in 2018 through a procurement exercise via the National LGPS Framework operated by Norfolk County Council. LGIM manages passive equity portfolios on behalf of Brunel's client pension funds.
- EOS at Federated HermescoreEOS at Federated Hermes Limited serves as Brunel's specialist overlay engagement provider, supporting consistency of approach and long-term engagement. EOS provides thematic experts with deeper understanding to enhance engagement impact. Engaged with 651 companies on Brunel's behalf in 2025.
- OaktreestrategicCollaborative work undertaken with Oaktree on Multi-Asset Credit portfolio, featured as case study in 2025 RI & Stewardship Outcomes Report. Oaktree published case study on how it coordinated with Brunel on climate integration.
- Climate Action 100+ (CA100+)strategicCA100+ is an investor-led initiative identifying 164 companies as the world's largest greenhouse gas emitters. Brunel monitors CA100+ benchmarks as part of Climate Alignment monitoring. Of the 122 CA100+ exposed companies Brunel has exposure to, 84% have Net Zero commitment and 98% have Board-level oversight.
- Institutional Investors Group on Climate Change (IIGCC)coreFaith Ward, Brunel's CRIO, serves as Chair of IIGCC. Brunel actively participates in IIGCC initiatives including climate progress advocacy and shareholder rights campaigns.
- Transition Pathway InitiativestrategicFaith Ward is founder and NED of Transition Pathway Initiative. TPI provides tools for assessing companies' readiness for transition to a low-carbon economy, used in Brunel's investment analysis.
- Transition Finance CouncilstrategicFaith Ward is member of the Strategic Committee of the UK's Transition Finance Council. Brunel advances system-level stewardship through Transition Finance Council public policy engagement.
- Asset Owner Diversity CharterminorBrunel participates in Asset Owner Diversity Working Group which launched the Asset Owner Diversity Charter in 2021. Charter commits signatories to diversity targets and reviews. Signatories represent more than $2 trillion in AUM.
- Governance for Growth Investor CampaignminorBrunel engages in collaborative work on shareholder rights through the Governance for Growth Investor Campaign as part of system-level stewardship.
- Issuer and Investor ForumminorBrunel participates in collaborative work on sustainable value creation with the Issuer and Investor Forum.
- Transition Plan Taskforce (TPT)coreFaith Ward is member of the Transition Plan Taskforce Delivery Group. Brunel contributed to developing TPT resources including adaptation primer for corporate climate transition planning.
- UK Green Taxonomy Advisory GroupminorFaith Ward is member of UK Green Taxonomy Advisory Group, contributing to sustainable finance framework development.
Scale indicators15 records
Recent moves7 records
Expansion highlights5 records
Brunel Pension Partnership competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Brunel Pension Partnership social profiles
Digital presenceBrunel Pension Partnership compliance and trust
Trust signalCompliance2 records
Brunel Pension Partnership financial estimates
Financial estimateRevenue estimate
Valuation estimate
Brunel Pension Partnership leadership team
Management profileNumber of profiles
Profiles10 records
Brunel Pension Partnership funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Brunel Pension Partnership M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Brunel Pension Partnership
What does Brunel Pension Partnership do?
Brunel Pension Partnership is a UK LGPS pool operator providing discretionary investment management services to ten Local Government Pension Scheme funds. The firm delivers pooled investment solutions across three core strategies — active equities (via the FCA-approved TM Brunel ACS with seven portfolios), passive equities (through LGIM), and private markets (across private equity, infrastructure, private debt, secured income, and property). Brunel specialises in portfolio construction, manager selection and monitoring, responsible investment, stewardship, and climate alignment on behalf of its shareholder clients, operating as a non-profit entity with any surplus returned to shareholders.
Is Brunel Pension Partnership a public or private company?
Brunel Pension Partnership is a private company. It is classified as unknown and is currently operating.
When was Brunel Pension Partnership founded?
Brunel Pension Partnership was founded in 2017. It employs 11 to 50 people.
Where is Brunel Pension Partnership based?
Brunel Pension Partnership is headquartered in Bristol, United Kingdom, in the Europe region.
How does Brunel Pension Partnership make money?
Two revenue lines are on record. Discretionary Investment Management Fees are the primary driver. The others are cost Savings from Pooling.
Does Brunel Pension Partnership have an API?
No public API is recorded for Brunel Pension Partnership.
What industry is Brunel Pension Partnership in?
Brunel Pension Partnership's product category is Pension Fund Pool Management / Institutional Investment Management. Its primary akta.pro industry code is FSAAAGAA, Corporate & Public Pension Funds (DB/DC Sponsors), with a secondary code of FSAEABAE, Employer Retirement Plan Advisory (401(k)/Pension). Its NAICS code is 523940 and its SIC code is 6282.