Transport for London

TfL Pension Fund, based in London, United Kingdom, is a public pension fund established to provide retirement benefits for eligible members of Transport for London. Founded in 2000, it operates as a defined benefit plan, determining benefits based on members' years of service and final average earnings. The fund invests across various asset classes, including public equity, fixed income, and alternative markets, employing external managers for these investments. Its portfolio includes a diverse range of assets, such as bonds, equities, and pooled investment vehicles, among others. The management of the fund is overseen by a board of trustees, ensuring the effective administration of its assets to meet the retirement needs of its members.