All 10 Brunel Pension Partnership partner funds have now named their choice of new Local Government Pension Scheme (LGPS) pool, with six of the partner funds opting to move to the Local Pensions Partnership Investments (LPPI).

The Devon, Avon, Dorset, Somerset, Cornwall and Environment Agency pension funds have confirmed that they have chosen LPPI as their preferred LGPS pool following an extensive due diligence process.

They join LPPI’s existing three partner funds: Lancashire County Pension Fund, the London Pensions Fund Authority and the Royal County of Berkshire Pension Fund; bringing LPPI’s total assets under management (AUM) to more than £54bn.

LPPI said that it will now work closely with all nine partner funds to ensure a smooth and efficient onboarding as equal shareholders, whilst maintaining alignment with each fund’s existing investment strategies and objectives.

It also confirmed that the formal process will be completed by the government’s deadline of 31st March 2026.

LPPI chief executive officer, Chris Rule, said: “We’re very pleased to be selected by all our new partner funds. This is the start of an exciting collaboration, where we’ll work closely to achieve their goals, all while maximising the benefits of pooling for their members, employers and taxpayers.”

While the former Brunel partner funds will now be split between three investment pools, the “material” number of former Brunel partner funds opting for LPPI prompting speculation that the pool may be considering integrating the Brunel business, although neither organisation has made any official comment on the matter.

However, Brunel has committed to working with its clients and their chosen pools to enable a "coordinated, efficient and cost-effective transition process" for each of its ten client pension funds.

“Congratulations to all of our clients on reaching decisions about their respective futures – we wish them all very well through the transition and into the next phase of pooling,” Brunel CEO, Laura Chappell, said,

“We will continue to meet our fiduciary duty to clients and their members. We will also work with our clients and their three chosen pools to help deliver an effective transition that serves the long-term interests of their members.

"We are immensely proud of the partnership we have forged together, and are confident that our clients will take some of its strengths with them as they transition into new pools and look to the future.”

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