The Pension Fund manager fee

Request:

1. The Pension Fund manager fee you pay for your pension fund - as measured both as a percentage of assets under management and also as a cash payment for the financial year 2024/25, or the last financial year you have a figure available for.

2. The performance of your pension fund over the last three financial years that you have the figures for. If possible, please indicate the metrics you record on its performance in terms of:

a) How much your pension pot grew by

b) How it performed relative to the target of your fund managers

c) How it performed relative to other local authorities and

d) How it performed relative to pension funds in the market generally.

If these are not recorded, please provide any performance criteria you do have available.

1. Our accounts for 2024/25 have not yet been published, so at this time we can only provide figures for 2023/24:

Total Investment Management Expenses for the year 2023/24 were £10,966,000.

The value of our assets under management at 31st March was £3,374,004,000, so this represents 0.325%.

2. Our accounts for 2024/25 have not yet been published, so at this time we can only provide figures for 2023/24.

The attached table includes the data requested in a) to c)

Unfortunately LCC does not hold the information requested in Q2 part d)