News
PCC Election Results 2025
4 December 2025
The term of office for the longest serving quarter of the TfL Pension Consultative Council (PCC) ended on 30 November 2025, with the new appointments commencing 1 December 2025, ending 30 November 2029. In Section One (representing pensioners and deferred pensioners) Luke Howard and Alexandra Barnes’ terms ended. Both stood for re-election. Three nominations were […]
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Appointment of the Fund's new Chief Executive & Fund Secretary
28 November 2025
Following my recent announcement about Stephen Field’s upcoming retirement, I’m delighted to announce that Martin Hunter has been appointed as Director of Pensions & Chief Executive of the TfL Pension Fund, following a competitive recruitment process. Martin will have dual reporting to me and Fiona Brunskill Chief People Officer, TfL. He brings deep expertise in […]
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April 2026 Pension Increase
7 November 2025
Pensions from the TfL Pension Fund increase in April 2026. This is based on the rise in the Retail Price Index over the 12 months to September 2025 which was 4.5 per cent. Depending on the period of membership of the TfL Pension Fund, your pension may comprise of various components, some of which are […]
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Annual Members' Meeting 2025
29 September 2025
You are invited to the Annual Members' Meeting This year's TfL Pension Fund Annual Members' Meeting (AMM) will be held on Friday 17 October. This year the meeting will be a hybrid meeting giving you the opportunity to participate online, using your smartphone, tablet, or computer instead of attending in person. The meeting will start at […]
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TfL Pension Fund Deepens UK Investment Commitment in 2025
15 August 2025
In 2025, the TfL Pension Fund has reinforced its commitment to the UK economy, allocating £3.2 billion, which equates to 21% of its total portfolio, to domestic investments, significantly above the typical 3% UK allocation in global 60/40 portfolios. The Fund's private market asset allocation, including real estate, infrastructure, and renewable energy, with notable holdings […]
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Retirement Announcement: Stephen Field - Director of Pensions and Chief Executive TfL Pension Fund
14 July 2025
After a total of 21 years of dedicated service to Transport for London, covering two periods of employment, Stephen Field will be retiring on 29 May 2026. Stephen has been an integral part of TfL, with the last 18 years spent at the helm of the TfL Pension Fund. His leadership, expertise, and unwavering commitment […]
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2025 Nominations for TfL Pension Consultative Council
30 June 2025
Nominations are being sought for TfL Pension Fund members to stand for election on the TfL Pension Consultative Council (PCC). The council is made up of three sections representing Fund members: The PCC meets at least four times a year to discuss the administration of the Pension Fund, picking up issues of concern to Fund […]
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The 2024 Triennial Valuation of the Public Sector Section of the Fund has been agreed
17 December 2024
The Trustees on 13 December 2024 agreed the 2024 triennial actuarial valuation of the Public Sector Section of the Fund. This follows extensive negotiations with the Principal Employer to agree the assumptions used. The valuation results show the Fund to be in surplus as at 31 March 2024 and as a result the Trustees agreed […]
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2024 Sustainability Report
14 December 2024
The Trustees of the TfL Pension Fund have published their Annual Report on Sustainable Investing for 2024. This report provides a summary of our activities to date and how this forms part of a long term strategy. The Trustees take a holistic view in aligning their Sustainable Investing Beliefs towards the Fund's investment activities. There […]
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PCC Election Results 2024
21 November 2024
The term of office for the longest serving quarter of the TfL Pension Consultative Council (PCC) ends on the 30 November 2024, with the new appointments commencing from 1 December 2024 and will end on 30 November 2028. In Section One (representing pensioners and deferred pensioners) Paul Kilius-Smith and Chris Miller's terms end and both […]
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