National Grid UK Pension Scheme

Overview

UK defined-benefit pension scheme for National Grid's UK gas/electricity operations. Uses an outsourced-CIO model via Russell Investments and has executed large de-risking buy-ins with Legal & General and Rothesay, meaning its role as an active growth-asset allocator is shrinking over time. AUM sources conflict (~£12.3bn as of 31 March 2019 press reporting vs. an undated ~£20bn figure vs. a £13bn LGIM strategic-partnership mandate covering only a subset of assets) -- no reliable current total figure was found, so left unpopulated. HQ city not independently confirmed.

Key Facts

Type

Pension Fund