A brief summary of our investment holdings as at 31 March 2018:

  • Total investment assets of the fund - £4,627 million
  • Equities - £2,872 million
  • Bonds - £900 million
  • Property - £341 million
  • Alternatives - £250 million
  • Cash - £264 million

Contributions collected from employees and employers are invested to generate long term income and capital returns to support the payment of pension benefits.

The Pensions and Investments Committee is responsible for setting and approving the long term investment strategy of the Fund and for approving the quarterly tactical allocations to asset classes.

See the Derbyshire County Council website for copies of the quarterly Pensions and Investments Committee investment report.

The committee has approved a long term investment strategy that aims to:

  • maximise the returns from investments within acceptable levels of risk
  • contribute to the fund having sufficient assets available to meet benefit payments
  • enable employer contributions to be kept as stable as possible

The pension fund’s investment beliefs are set out in the fund’s investment strategy statement.

A portion of the fund’s investments are managed on an active basis by the in-house team and a portion by LGPS Central Limited, a company established to manage investments on behalf of nine LGPS pension funds across the Midlands. Where the appropriate skills are not available internally, or through LGPS Central Limited, external managers are used.

The day to day management of the pension fund’s investments is delegated to the county council’s Director of Finance & ICT and the in-house investment team.

The valuation report of the fund’s investment holdings at 31 March 2018 is attached to this page.