Chief Investment Officer - The Power 100

Chief Investment Officer - For the world's largest asset owners

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For the world's largest asset owners

The Power 100


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Mike Taylor
CEO, London Pensions Fund Authority (LPFA)
London, United Kingdom
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One of Taylor’s favorite tasks as treasurer for the English county of Surrey’s local government was managing its £1.5 billion pension fund. “I only had about an hour a week to look after the whole thing—and my CEO thought that was an hour too much—so I would often spend evenings working on it instead,” he says. In 2006, when the chance to look after the investment and administration of several local authority pension funds in London came up, he jumped at the chance. “The LPFA gives me five days a week to do it properly.” He now leads a team that oversees £4.2 billion in assets and helps administer other local government schemes. He is also a member of the Chartered Institute of Public Finance and Accountancy’s Pensions Panel and regularly chairs the Local Authority Forum at the National Association of Pension Funds. “A lot of people switch off as they think pensions are boring—but it keeps you up-to-date with the economy and it is very varied.” Taylor has also had his fair share of creating, rather than just following, the news. The LPFA has been a pioneer in infrastructure investment and has been pushing for closer integration—for economies-of-scale reasons—of the capital’s local authority pensions. “In five years’ time, hopefully the LPFA won’t exist,” he says. “We should have succeeded in creating a pan-London pension fund.” This would give him more time in his new house on the Dorset coast—and travelling to see his beloved Chelsea Football Club, of course. –EHP

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