What this consultation is about
Derbyshire Pension Fund is consulting stakeholders on its proposed Investment Strategy Statement. The draft document outlines the fund's investment strategy and approach to responsible investment, and stakeholders are invited to respond to the consultation.
Derbyshire Pension Fund is part of the national Local Government Pension Scheme (LGPS) which provides retirement and death benefits for local government employees, and those employed in similar or related bodies, across the whole of the UK.
Derbyshire Pension Fund currently has over 400 participating scheme employers and around 100,000 individual members. The primary duty of the pension fund is to pay members' pension benefits when they fall due.
In the LGPS, members' benefits are set out in government regulations with the level of pension paid primarily based on the length of service and salary. Contributions collected from employees and employers are invested across a range of asset classes, including listed equities, private equity, private credit, property, infrastructure, credit, infrastructure and UK government bonds. These assets generate long-term income and capital gains to support the payment of pensions.
Employers meet the balance of the cost of providing benefits over the longer term, and a return seeking investment strategy aims to reduce employer costs. The risk associated with a return seeking strategy is carried by employers and ultimately, in most cases, by local taxpayers. The fund currently has assets of approximately £7.8 billion.
Investment Strategy Statement
The Investment Strategy Statement sets out the long-term investment strategy of the pension fund and includes:
- the fund's high-level objectives in respect of return, risk, cash flow and local investment
- the strategic asset allocation benchmark
- description of the asset classes that the fund invests in
- how the investment strategy will be implemented and the fund's approach to investment pooling
- the fund's approach to managing risk
- the fund's approach and target in respect of local investment
- the fund's approach to responsible investment, including the approach to managing the risks and opportunities related to climate change
Consultation
The proposed Investment Strategy Statement was presented to the Pensions and Investments Committee on 21 October 2026 and approved for consultation with the fund's stakeholders. To view the agenda, previous minutes, reports and related documents you can visit the Pensions and Investments Committee on Derbyshire Democracy.
The pension fund's website includes a consultation frequently asked questions page providing additional information which respondents may find helpful.
Stakeholders are now invited to review the draft Investment Strategy Statement and respond to the consultation.
The Draft Investment Strategy Statement October 2026 and Investment Strategy Statement Consultation FAQs are available from the Derbyshire Pension Fund.
If you require any of the documents, including the consultation form, in an alternative format, contact Derbyshire Pension Fund, email pensions.regs@derbyshire.gov.uk
This consultation will close at 23.59 pm on 31 December 2026.