Transition from London CIV Global Equity Quality Fund to BlackRock's passive global equity fund
Westminster Pension Fund's performance is being monitored amidst its transition to BlackRock's passive global equity fund.
The Westminster Pension Fund's performance is currently under scrutiny, with a report to the Pension Board in March 2026 indicating it underperformed its benchmark over the past year and three years. The fund achieved a 1.57% net return for the quarter ending December 2025, but this fell short of its fixed weight benchmark by 0.97%, according to Phil Triggs, Tri-Borough Director of Treasury and Pensions.
This performance is being assessed amidst the fund's ongoing transition from the London CIV Global Equity Quality Fund to BlackRock's passive global equity fund, a project involving the movement of assets between investment funds. No further council discussions or decisions regarding this transition are currently scheduled.
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