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Kensington and Chelsea's Pension Fund

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Kensington and Chelsea's Pension Fund is scrutinising investment manager performance after Baillie Gifford underperformed its benchmark.

Kensington and Chelsea's Pension Fund is currently scrutinising the performance of investment manager Baillie Gifford, which underperformed its benchmark by 3.05% for the quarter ending 31 March 2025. A report in July 2025 noted this underperformance also extended over three- and five-year periods, with Baillie Gifford managing 22% of the fund's £1,821,954,000 value as of March 2025.

The fund, which provides pensions for Royal Borough of Kensington and Chelsea employees, regularly reviews its asset allocation and investment manager performance. No further discussions or decisions regarding Baillie Gifford's performance are currently scheduled in council meetings.

Key facts

  1. Kensington and Chelsea's Pension Fund was valued at £1,821,954,000 as of 31 March 2025. Source
  2. Baillie Gifford underperformed its benchmark by 3.05% for the quarter ending 31 March 2025. Source
  3. Baillie Gifford manages 22% of the Kensington and Chelsea Pension Fund. Source
About this summary

This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.

Latest stories

  1. K&C Pension Fund: Baillie Gifford Underperforms Benchmark, Faces Scrutiny Kensington and Chelsea's Pension Fund, valued at £1,821,954,000 as of 31 March 2025, saw one of its key investment managers, Baillie Gifford, underperform its benchmark,... Kensington and Chelsea 13 July 2025