Scottish Government Pension Fund Investments: FOI release

Information requested

You asked for:
1) The full details of what the Scottish Government Pension Fund (if it is not under this name, the main fund used by PAYE employees of the Scottish Government) currently invests in, including the name and amounts of each asset class or investment being held.

Ideally this information would be broken down into the different categories, including: Index Linked Securities, Unit trust, Property, Cash Instruments, Unit Trust Equities, Infrastructure, Fixed Interest Securities, Equities Segregated Unlisted, Equities, Segregated UK, Equities Segregated Foreign as well as any other investments that the Pension Fund holds.

2) A full list of all the companies which the Pension Fund currently invests in (this should be covered in the above question). This list should include the names of each company and the amount invested in each company.

3) The current yields of the different investments the pension fund holds.

4) Can you clearly specify the total value of all investments that the Pension Fund holds.

Response

The Scottish Government does not have the information you have asked for because this is held with Legal & General and Equitable Life.

The Scheme that members in the Scottish Government are auto enrolled into is Alpha. This is a defined benefit scheme which does not have a fund. Therefore, investments are not applicable in this case.

Members have the option to switch from Alpha to a defined contribution scheme. This is called Partnership and is administered by Legal and General. Legal and General also manage Additional Voluntary Contributions for our staff. Any information regarding pension fund investments, should be sent to Legal and General by emailing the address at csp@landg.com.

We also have a legacy arrangement with Equitable Life and any queries regarding their investments can be directed via email to gps@utmost.co.uk.

This is a formal notice under section 17(1) of FOISA that the Scottish Government does not have the information you have requested.

About FOI

The Scottish Government is committed to publishing all information released in response to Freedom of Information requests. View all FOI responses at https://www.gov.scot/foi-responses.