Stepstone
Redbridge Council is reviewing its Pension Fund's performance, with Stepstone operating as a global private markets investment firm.
A report to the Redbridge Council Local Pension Board in October 2025 showed the Redbridge Pension Fund outperformed its benchmark for the quarter ending June 2025, achieving a 4.04% return. The fund was valued at £1.09 billion in June 2025, according to the Public reports pack.
While the Redbridge Pension Fund outperformed its benchmark for the latest quarter, it has underperformed over one and five-year periods, with Northern Trust and other fund managers providing performance management. Stepstone Group is a global private markets investment firm managing infrastructure investments for the fund via the LCIV Pool.
Separately, Redbridge Council's Pension Scheme demonstrated improved performance in calculating deferred pension benefits, increasing from 32% to 78% by October 2025, as noted in an update to the Local Pension Board.
Key facts
- Redbridge Pension Fund achieved a 4.04% return for the quarter ending June 2025, outperforming its benchmark. Source
- Redbridge Pension Fund was valued at £1.09 billion as of June 30, 2025. Source
- Redbridge Council's Pension Scheme improved deferred pension benefit calculation from 32% to 78% by October 2025. Source
- The Redbridge Pension Fund underperformed its benchmark over one and five-year periods. Source
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This summary was written automatically from our published stories and the council meeting records they draw on, with background from Wikipedia. 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.