Border to Coast exists to make a difference for the LGPS. We do this by working in partnership with partner funds to deliver sustainable success. Our collaborative culture extends to working with partners across the LGPS and the investment industry and enables us to blend internal expertise with external management to develop a suite of investment propositions. These are focused on delivering strong and sustainable returns to support partner funds in paying pensions to the 1.1. million members now, and long into the next century.
Working together to deliver sustainable success
In the year we reach our seventh anniversary, Border to Coast also moves into the second strategic development phase.
In our latest Annual Report and Accounts, we highlight the progress made in delivering on our mission to make a difference for the LGPS in the year to 31 March 2025, including:
- Responsibility for the management or oversight of £55.4 billion of Partner Fund assets (85% of combined total assets).
- Delivering £178.7 million of cost savings since 2018.
- The launch of UK Opportunities, investing in productive finance assets across the UK.
- The launch of Climate Opportunities II, investing in the long-term potential of energy transition assets around the world.
- Our commitment to people and our supportive, learning culture gaining recognition as a Sunday Times Best Place to Work (Medium Organisation).
New Board Chair appointed to lead next strategic phrase
John Lister will become Border to Coast’s new chair on 1 October 2025 (starting as chair-elect on 1 September), replacing outgoing chair Chris Hitchen.
John brings a wealth of experience and a strong track record of leadership. Most notably, John spent four years as chair of Phoenix Group Life Companies and five years prior to this as non-executive director. In his executive career, John spent over 30 years with Aviva Group, including roles as chief risk officer at Aviva PLC and chief financial officer at Aviva UK Life.
Cllr George Jabbour, chair of Border to Coast Joint Committee said: “We’re really pleased to have John joining Border to Coast. This is a critical appointment for the organisation as it enters its next strategic phase and faces new government requirements on the future of the LGPS and pooling.”
John Lister added: “I enjoy working for companies that make a positive impact on society and Border to Coast firmly fits that mould. As one of the largest investors of its kind, its increased scale is helping it find innovative ways to power start-ups, deliver local investment and drive UK growth.”
Click to read the full Annual Report and Accounts
Further reading
Border to Coast announces Chris Hitchen successor
An Audience With Ewan McCulloch and Paul Cooper
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