What Merseyside Pension Fund does

Merseyside Pension Fund is a statutory Local Government Pension Scheme (LGPS) administering authority based in Liverpool, United Kingdom, serving over 140,000 active, deferred, and pensioner members across the Merseyside region. The fund is administered by Wirral Metropolitan Borough Council and operates under national LGPS regulations, providing a defined benefit pension scheme with guaranteed benefits, CPI-linked annual increases, survivor benefits, death grant lump sums, and flexible retirement options for local government employees and other participating employers.

The fund's core technology platform is the MyPension online service — a secure member portal powered by Aquila Heywood pensions administration software — enabling self-service access to benefit projections, annual benefit statements, payslips, P60 certificates, and beneficiary nominations. Supporting member-facing products include the annual "Honeypot" pensioner newsletter, a library of educational videos (available in English and Welsh), email alert subscriptions, and Pension Awareness Week events. The fund also operates a responsible investment programme with UK Stewardship Code signatory status and ESG integration across its investment portfolio, which includes UK regional private equity commitments via Foresight Group and international infrastructure co-investments via Mirova.

As a non-profit public sector entity, the fund does not generate revenue in the commercial sense — its finances are driven by mandatory employer and employee contributions set nationally under LGPS regulations, with nine contribution bands ranging from 5.5% to 12.5% of pensionable pay. Benefit payments are distributed via direct bank transfer on the 10th of each month, with international payments processed through Citibank for overseas pensioners. The fund's strategic priorities centre on digital service enhancement, responsible investment, and member education, rather than commercial expansion.

Name

Merseyside Pension Fund

Legal name

Merseyside Pension Fund

Website

https://mpfmembers.org.uk

Company type

Private

Operating status

Operating

Short description

Merseyside Pension Fund is a statutory UK Local Government Pension Scheme administering authority serving over 140,000 active, deferred, and pensioner members in the Merseyside region, administered by Wirral Metropolitan Borough Council and delivering defined benefit pensions under LGPS regulations.

Ownership category

akta.pro rank

Product category

Public Sector Pension Administration

NAICS

Pension Funds (525110), Insurance and Employee Benefit Funds (5251)

akta.pro primary industry

Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)

akta.pro secondary industries

Pensions & Retirement Benefits Administration (BPAIAKAA), Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

Keywords

• Public sector pensions
• Defined benefit pensions
• Pension scheme administration
• Retirement benefit services
• LGPS member services

Headquarters

HQ city

Liverpool

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Pension Contributions: Merseyside Pension Fund receives contributions from local government employers and employees to build pension benefits. This is a defined benefit public sector pension scheme.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Merseyside Pension Fund administers the Local Government Pension Scheme (LGPS) for over 140,000 active, deferred, and pensioner members in the Merseyside region of England under statutory LGPS regulations. The fund provides defined benefit pension administration, monthly pension payments, annual benefit statements, and responsible investment services. Member-facing services are delivered through the MyPension online portal, supported by an annual newsletter, educational videos, and email alert communications.

Product overview

Merseyside Pension Fund administers the Local Government Pension Scheme (LGPS) for over 140,000 members through a core platform of pension administration services. The primary member-facing product is MyPension, a secure online portal enabling self-service access to pension information, projections, and document management. Supporting products include The Honeypot annual newsletter, Member Videos educational content, and Email Alert subscription services. The Fund also offers responsible investment services integrated with its investment management function. No AI-powered features are offered; the Fund actively cautions members against using external AI tools for pension queries.

Differentiator

Problem solved

Functional benefit

Brands

• MyPension: Online secure member service allowing active, deferred and pensioner members to view pension information, make projections, and manage their details.

Products and services

• MyPension Online Service Secure online self-service portal allowing active, deferred, and pensioner LGPS members to view pension information, make projections, update personal details, access Annual Benefit Statements, download payslips and P60 certificates, and manage death grant nominations.
• LGPS Pension Administration Services Core pension administration services for over 140,000 active, deferred, and pensioner members of the Local Government Pension Scheme (LGPS), including benefit calculations, monthly pension payments, survivor benefits, death grant lump sums, flexible retirement options, and member communications.
• Annual Benefit Statements Annual statements provided to active and deferred members showing pension accrual and projected benefits, available through the MyPension online service.
• Responsible Investment Services Investment management services with responsible investment policies, UK Stewardship Code compliance, and ESG integration for the Fund's investment portfolio, supporting long-term sustainable returns for member benefits.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability2 records

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Mercer UKcoreOthersMercer UK serves as the Fund Actuary for Merseyside Pension Fund, conducting triennial actuarial valuations and providing actuarial advice.
• Aquila HeywoodcoreTechnology or IntegrationAquila Heywood provides the pensions software used by Merseyside Pension Fund for scheme administration.
• Grant Thornton UK LLPcoreOthersGrant Thornton UK LLP serves as the external auditor for Merseyside Pension Fund.
• Equitable Life, Prudential and Standard LifeminorOthersThese are the current Additional Voluntary Contribution (AVC) providers available to members of Merseyside Pension Fund.
• Citibank UKminorOthersCitibank UK is the overseas payments provider used to transmit pension payments to scheme members with non-UK bank accounts.
• South Yorkshire Pensions AuthorityminorOthersSouth Yorkshire Pensions Authority manages the LGPS National Insurance Database used for member data matching and administration purposes.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Teachers' Pension Scheme: UK statutory public sector DB pension scheme for teachers, administered at national scale. Comparable on statutory scheme structure and government-backed DB obligations, though significantly larger and more centralised.
• NHS Pension Scheme: UK statutory DB pension scheme for NHS employees. Comparable on public sector DB administration, government backing, and member communications scale, though operates nationally with different regulatory oversight.
• Environment Agency Pension Fund: Large UK public sector DB pension fund for Environment Agency employees. Comparable on defined benefit structure, responsible investment focus, and public sector stewardship approach.

Direct peers

• Tyne and Wear Pension Fund: Regional LGPS fund administering defined benefit pensions for local government workers in Tyne and Wear. Directly comparable on regulatory framework, member services model, and regional scale.
• South Yorkshire Pensions Authority: LGPS administering authority for South Yorkshire with comparable member scale and scheme structure. Notably also operates the LGPS National Insurance Database used by Merseyside for member data matching.
• West Yorkshire Pension Fund: Large LGPS fund administering pensions for West Yorkshire local authority employees. Directly comparable on statutory LGPS administration, regional employer base, and DB pension scheme structure.
• Greater Manchester Pension Fund: One of the largest LGPS administering authorities in England, serving a similar regional council footprint to Merseyside. Directly comparable on LGPS scheme administration, defined benefit obligations, and regional public sector member base.

Regional players

• Strathclyde Pension Fund: Scotland's largest LGPS fund administering pensions for local government employees. Highly comparable on defined benefit scheme structure and administration model, though operates under Scottish LGPS regulations rather than English/Welsh framework.
• Lothian Pension Fund: Scottish LGPS fund administering pensions for City of Edinburgh and surrounding councils. Comparable on DB scheme administration and public sector employer base, with cross-border relevance given UK-wide member considerations.

Emerging players

• Local Pensions Partnership (LPP): Pooled LGPS asset and administration partnership for multiple London-area funds. Comparable as an LGPS administration and investment vehicle, relevant to Merseyside given ongoing LGPS pooling pressure and potential collaboration/consolidation pathways.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mpfmembers
• Facebookfacebook.com/mpfmembers

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Merseyside Pension Fund