Church of England Investment Fund for Pensions
The Church of England Pensions Board administers a number of
pension schemes and the assets of these schemes are pooled for
investment purposes. This allows the smaller schemes to access
economies of scale and investment opportunities that might not be
available to them otherwise. The shares in the pooled funds
attributable to each pension scheme are established on a unitised
basis every month.
The Board operates a "Return-Seeking" Pool, comprising of
equities, property unit trusts, active currency, corporate bonds
and cash; and a "Liability-Matching" pool, consisting mostly of UK
The strategy for the investment of the Board's pension fund
assets takes into account the Board's ethical policy and the
relative maturity of each scheme's liabilities as reflected in
contributions receivable and benefit outgoings. The Board takes the
advice of the Scheme Actuary in determining the asset split between
the two pools for each Scheme.
The Pensions Board is committed to managing its assets in a way
that reflects the Church's teaching and values. We help to fund,
and receive both advice and support from, the Church's Ethical
Investment Group on all issues relating to the ethics of
investment. We are also signatories to the UN Principles for
Responsible Investment and the 2009 Investor Statement on the
Urgent Need for a Global Agreement on Climate Change.
For more information on the Church of England Investment Fund
for Pensions click here.