Financial services
GMPF invests contributions and pays Local Government Pension Scheme benefits for council workers and other participating employers. Its own March 2026 snapshot reports approximately £35.2 billion in assets, 440,000 members and 800 employers. [1][3]
01 / Behind the name
Public service pension fund · assets held for scheme purposes [2]
Tameside administers the fund for scheme members and participating employers. Its Management Panel makes decisions, supported by an Advisory Panel and Local Pension Board scrutiny. This governance role is not a private shareholding in the pension assets. Most investments use external managers; property, private equity and infrastructure can involve funds or joint ventures. The approximately £35.2bn March 2026 figure is from GMPF's own published fund description. The draft 2025 accounts separately report £32.295bn at 31 March 2025. Neither is the value of a specific company stake. [1][2][3][4][5][6][7][8]
02 / On the map
Headquarters, incorporation and tax residence describe different things. A headquarters address does not tell you where all of a company’s tax is paid.
Follow the investment
Collective or public ownership
The existing sourced profile describes public service pension fund · assets held for scheme purposes. A conventional external shareholder list has not been established. A stake in a parent or operating company is shown against that entity. Dates refer to each disclosure and can differ from the profile review date. Evidence links are included with each record.
Explore the portfolio
Selected direct property holdings as at 31 March 2026. Owning a building occupied by a retailer or hotel does not establish ownership of that brand. Exact land-title companies, tenure and lease terms have not been independently reconciled.
Portfolio research reviewed . Investment and tax information elsewhere on this page uses the reporting scope stated with each source.
Showing 10 of 10 properties
Property & regeneration
Named property in GMPF's 31 March 2026 direct holdings; property investment scope. [7]
Property & regeneration
Named property in GMPF's 31 March 2026 direct holdings; property investment scope. [7]
Property & regeneration
Named property in GMPF's 31 March 2026 direct holdings; property investment scope. [7]
Property & regeneration
Named property in GMPF's 31 March 2026 direct holdings; property investment scope. [7]
Property & regeneration
Named property in GMPF's 31 March 2026 direct holdings; property investment scope. [7]
Property & regeneration
Named property in GMPF's 31 March 2026 direct holdings; property investment scope. [7]
Property & regeneration
Property holding occupied by a named retail or hotel business. This does not establish ownership of the tenant or hotel brand. [7]
Property & regeneration
Property holding occupied by a named retail or hotel business. This does not establish ownership of the tenant or hotel brand. [7]
Property & regeneration
Property holding occupied by a named retail or hotel business. This does not establish ownership of the tenant or hotel brand. [7]
Property & regeneration
Property holding occupied by a named retail or hotel business. This does not establish ownership of the tenant or hotel brand. [7]
The property venture website describes a £930m allocation with debt and equity investments managed by CBRE. An allocation is not the amount currently deployed; lending does not establish equity ownership of a borrower. [8]
03 / The figures, with context
The draft 2025 accounts describe exemptions for investment interest and capital gains. They report £4.058m of irrecoverable overseas dividend withholding tax in 2024/25; that is not UK corporation tax paid. A comparable UK cash figure has not been verified.
Greater Manchester Pension Fund · UK cash reporting scope not reconciled
Annual reporting period not yet verified
A dated UK cash corporation-tax payment has not been established for this reporting scope. Pension-scheme exemptions, overseas withholding tax, asset values and investor contributions are separate evidence; an unverified amount does not mean no tax was paid. [1]
These figures have different scopes. They should not be added together or used as a like-for-like tax ranking.
Understand the measures04 / Check our working
Primary sources used in this profile. Company disclosures are attributed to the company; inclusion is not an independent audit.
GMPF · Public-service pensions, participating employers and Droylsden administration base; older headline counts are not substituted for the dated 2026 snapshot
Accessed 16 Oct 2026GMPF · Tameside administering authority, Management and Advisory Panels, Director of Pensions and Local Pension Board scrutiny
Accessed 16 Oct 2026GMPF · Self-reported 31 March 2026 snapshot: approximately £35.2bn assets, 440,000 members and 800 employers; recruitment notice, not audited accounts
Accessed 16 Oct 2026GMPF · Asset classes, external managers, Northern Private Equity Pool, property and impact portfolios; net zero by 2050 and shareholder engagement; older GLIL totals are not used
Accessed 16 Oct 2026GMPF · PDF p30: £32.295bn at 31 March 2025; pp45 and 61: scheme tax treatment and £4.058m irrecoverable overseas withholding tax, not UK corporation tax paid; draft watermark
Accessed 16 Oct 2026GMPF · Reports index labels the linked 2025 annual report as a draft
Accessed 16 Oct 2026GMPF · PDF pp1–2: 31 March 2026 Venture Fund and Main Property portfolios; premises occupied by retail/hotel brands are property interests
Accessed 16 Oct 2026GMPVF / CBRE · Undated current page: £930m allocation, property debt and equity, CBRE management; allocation is not a verified deployed balance
Accessed 16 Oct 2026