What Surrey Pension Fund does

Surrey Pension Fund is a statutory defined benefit pension scheme administered by Surrey County Council under the Local Government Pension Scheme (LGPS) Regulations 2013. The fund serves over 340 participating employer organisations — including Surrey County Council, district and borough councils, universities, colleges, academies, and private companies providing public services — and over 130,000 current, deferred, and pensioner members, with assets in excess of £6 billion. It is governed by a Pension Fund Committee chaired by elected councillors, with oversight from a Local Pension Board representing employers and members.

The fund's core digital product is the 'My Pension' member portal at mypension.surreycc.gov.uk, which provides self-service access for viewing pension data, updating personal and bank details, managing death benefit nominations, and accessing retirement planning tools. Underlying web infrastructure consists of standard public-sector tooling: Google Analytics for usage monitoring, Siteimprove for accessibility, and Imperva Cloud Web Application Firewall for security. Pension payments are disbursed monthly via BACS on the last Thursday of each month. Investment management is delivered through external partners including Border to Coast Pensions Partnership (BCPP), a pooled FCA-authorised alternative investment fund manager established in 2015 with 10 partner funds and approximately £55 billion in combined AUM, Newton Investment Management for active equities, and Legal & General Investment Management for passive index tracking.

The fund operates on a non-commercial economic model: employer and employee contributions are mandatory under LGPS regulations and set by the actuary's triennial valuation rather than market pricing, while investment returns constitute the secondary economic engine. Distribution is statutory — employer participation is mandated, individual member engagement is facilitated through the portal, a customer relationship team, annual pensioner and deferred member newsletters, LinkedIn, and Surrey County Council's broader administrative infrastructure. The fund pursues responsible investment initiatives, including a Net Zero 2050 target, Task Force on Climate-Related Financial Disclosures (TCFD) reporting, alignment of 63% of its equity and corporate bond portfolio to the WBA SDG 2000 Benchmark, and a Responsible Investment Policy formally approved in June 2023.

Name

Surrey Pension Fund

Legal name

Surrey Pension Fund (administered by Surrey County Council)

Website

https://surreypensionfund.org

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

51–100 employees

Short description

Surrey Pension Fund is a statutory Local Government Pension Scheme administered by Surrey County Council, serving over 340 employers and 130,000+ members across Surrey with assets exceeding £6 billion.

Ownership category

akta.pro rank

Product category

Public Sector Defined Benefit Pension Administration

NAICS

Pension Funds (525110), Pension Funds (52511)

SIC

Investment Advice (6282)

akta.pro primary industry

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

akta.pro secondary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

Keywords

• Public pension scheme
• Defined benefit pensions
• Pension administration services
• LGPS benefits
• Pension fund management

Headquarters

HQ city

Weybridge

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others, Technology or R&D

Revenue model

1. Pension Contributions: As a defined benefit public sector pension scheme, the fund receives mandatory contributions from participating employers and employees as set by the Local Government Pension Scheme regulations. The fund does not operate a commercial revenue model.
2. Investment Returns: The fund generates returns through investment of pension assets across pooled funds, equities, fixed income, and private markets through investment partners.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Surrey Pension Fund administers the Local Government Pension Scheme (LGPS) for over 340 public sector employers and 130,000+ members in Surrey, UK, managing assets exceeding £6 billion. The fund provides defined benefit pension payments for life, annual CPI-linked pension increases, survivor pensions for dependants, lump sum death grants, and flexible retirement options under the LGPS framework. Members access self-service tools through the My Pension Portal at mypension.surreycc.gov.uk to view pension data, update personal details, and plan for retirement.

Product overview

Surrey Pension Fund is a Local Government Pension Scheme (LGPS) administered by Surrey County Council, serving over 340 employers and 130,000 members with assets exceeding £6 billion. The fund operates as a single, unified pension administration service rather than a modular product platform. Its core member-facing digital product is the 'My Pension' Portal, which provides self-service access for members to view pension data, update personal and bank details, manage death nominations, and access retirement planning tools. Supporting services include annual reports and accounts, policy documents (governance, investment, responsible investment policies), TCFD climate reports, pensioner and deferred member newsletters, and the Tell Us Once government service integration for death reporting. The fund also provides investment management through partners Border to Coast Pensions Partnership, Newton Investment Management, and Legal & General Investment Management.

Differentiator

Problem solved

Functional benefit

Products and services

• LGPS Defined Benefit Pension Scheme Membership Statutory defined benefit pension scheme providing guaranteed lifetime pension payments, annual CPI-linked pension increases, survivor pensions for dependants, lump sum death grants, and flexible retirement options under the Local Government Pension Scheme framework, available to eligible public sector workers across Surrey.
• My Pension Member Portal Self-service digital portal at mypension.surreycc.gov.uk enabling LGPS members to view pension data, update personal details, change bank account information, manage expression of wish (death grant) nominations, and access retirement planning tools.

Quantifiable outcome

• Assets in excess of £6 billion managed for over 130,000 members
• +3 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core.

• Border to Coast Pensions Partnership (BCPP)coreTechnology or IntegrationBorder to Coast Pensions Partnership is the fund's pooling partner, established with 10 like-minded Local Authority partners. It is an alternative investment fund manager authorised by the FCA. BCPP operates investment funds for partner funds to invest pension assets, assisting in implementation of investment strategies and asset allocation requirements. Assets under management across eleven partner funds are valued at approximately £55 billion. Surrey Pension Fund will continue transitioning assets into BCPP while retaining sovereign responsibility for investment strategy and asset allocation.
• Newton Investment ManagementcoreTechnology or IntegrationNewton Investment Management manages active equity holdings for the Surrey Pension Fund. Quarterly holdings reports are published on the fund's website including valuations as at 30 September and 31 March dates.
• Legal & General Investment Management (LGIM)coreTechnology or IntegrationLGIM provides passive index tracking funds through pooled arrangements for the Surrey Pension Fund. Due to third party index licensing restrictions, detailed holdings cannot be published publicly.
• UK Stewardship CodecoreOthersThe fund is a signatory to the UK Stewardship Code, which sets high standards of stewardship for those investing money on behalf of UK savers and pensioners. Becoming a signatory is a recognition of the work the fund has undertaken to become a responsible investor.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Lothian Pension Fund: Scottish LGPS fund administered by City of Edinburgh Council. Comparable defined benefit structure, public-sector employer base and member self-service digital capability.
• Tyne and Wear Pension Fund: English LGPS fund administered by South Tyneside Council. Directly comparable regional LGPS administering authority with shared BCPP-aligned pooling strategy and similar employer base composition.
• Strathclyde Pension Fund: Largest LGPS fund in Scotland administered by Glasgow City Council. Operates the same statutory DB pension model with Scottish local authority, university and employer participation, although under SPPA rather than LGPS Regulations 2013.
• Greater Manchester Pension Fund: One of the largest LGPS funds in England and Wales, administered by Tameside MBC. Operates under identical LGPS regulatory framework with similar defined benefit structure, employer base composition and investment objectives.
• Border to Coast Pensions Partnership: The FCA-authorised alternative investment fund manager established jointly by Surrey and ten other LGPS administering authorities. Operates pooled investment vehicles for partner funds with combined AUM of approximately £55bn, making it the most operationally entangled peer to Surrey.
• Merseyside Pension Fund: English LGPS fund administered by Wirral MBC. Operates in the same statutory LGPS framework as Surrey with similar multi-employer profile and BCPP-era pooling participation dynamics.
• Avon Pension Fund: English LGPS fund administered by Bath & North East Somerset Council. Comparable statutory DB pension scheme serving unitary, district and education employers in the South West.
• West Yorkshire Pension Fund: Major LGPS fund administered by City of Bradford MDC. Similar statutory structure, multi-employer public-sector base and pooling partnership position, making it a directly comparable UK LGPS administering authority.

Others

• Hymans Robertson: UK actuarial and pension administration consultancy that provides outsourced pension administration, investment advisory and governance services to many LGPS funds including Surrey's peer group. Comparable as an ecosystem participant supporting LGPS administration models.

Broad incumbents

• National Employment Savings Trust (NEST) Corporation: UK workplace pension scheme with statutory underpinning, serving millions of UK savers. While NEST is a defined contribution master trust rather than a DB LGPS fund, it operates under a similar regulatory ethos, is government-backed, and competes for UK employer pension mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/surrey-pension-team

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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

Frequently asked questions about Surrey Pension Fund