Nottinghamshire Pension Fund tops £1 million in savings through investment management fee reductions
The Nottinghamshire Pension Fund has now achieved more than £1 million in savings by reviewing and renegotiating investment management fees — delivering a major financial benefit that goes directly back into supporting the pensions of thousands of scheme members across the county.
These savings build on the previously reported £739,000 reduction in costs, reflecting the Fund’s continued commitment to strong financial stewardship and rigorous scrutiny of all investment-related expenditure.
By actively engaging with external fund managers, ensuring competitive fee structures, the Fund has secured better value for money without compromising on the quality of investment management.
Councillor James Gamble, Chairman of the Nottinghamshire Pension Fund Committee and Divisional Member for Sherwood Forest, said: “We are extremely pleased to have now passed the £1 million milestone in savings before Christmas.
"This reflects robust fiduciary oversight and a determination to ensure every pound works as hard as possible for our members.
"Lower costs mean more of our investment returns stay within the Pension Fund, helping to protect its long-term health.
"I would like to thank the tireless efforts of our senior officers in the pensions' team who have helped to achieve this."
Vice-Chairman and Divisional Member for Mansfield South, Councillor Faz Choudhury, said the achievement shows what can be delivered through careful review, negotiation and challenge.
He said: "These savings directly strengthen the Fund and help secure future benefits for everyone in our Scheme. This is part of our ongoing process of looking for opportunities to improve efficiency and value.”
The Pension Fund will maintain its programme of ongoing fee reviews and engagement with investment managers as part of its wider commitment to transparency, value for money and responsible long-term investment.