1. Investment and fund management

Buckinghamshire Council is the administering authority for Buckinghamshire Pension Fund. The Pension Fund Committee (PFC) is responsible for:

  • the overall investment objectives for the Fund
  • the Fund’s Investment Strategy Statement
  • the Fund’s asset allocation policy
  • approving the Funding Strategy Statement
  • approving the Investment Strategy Statement
  • approving the Governance Compliance Statement
  • approving the Pension Administration Strategy
  • approving the Communications Policy
  • monitoring Fund performance
  • monitoring Scheme Governance
  • the appointment of firms to provide investment and actuarial advice to the Fund
  • monitoring the performance of Brunel in delivering investment services to the Fund (see investment pooling)
  • make representations to the Brunel Oversight Board on matters of concern regarding the service provided by Brunel and the performance of its portfolios
  • any other matters relating to the management and investment of the Pension Fund, as requested

Fund managers and the custodian bank are appointed and monitored by Brunel Pension Partnership. 

The PFC is made up of of 9 members, including a representative from Milton Keynes Council and Thames Valley Police.

You can find out more about the Committee, dates of meetings, agendas and minutes on the democratic services section of the Buckinghamshire Council website.


Pension fund committee members

Chris Adams

David Anthony

Alan Bacon

Ralph Bagge

Timothy Butcher (Chairman)

John Chilver

John Gladwin (Vice-Chairman)

Norman Miles (representing Milton Keynes Council) 

Matthew Barber (representing Thames Valley Police)


Fund advisors

Mercer Investment Consulting

Carolan Dobson


Fund managers


Blackstone Alternative Asset Management

La Salle

Legal & General Investment Management

Pantheon Private Equity 

Partners Group

Royal London Asset Management

Standard Life Investments



State Street


AVC providers


Scottish Widows



For more information on the policies that govern the fund's approach to responsible long-term investment, view our sustainability statement.

Sustainability statement PDF, 152KB


Print entire guide

Last updated: 10 November 2020

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