CHESHIRE Pension Fund has won national recognition for its work to implement a groundbreaking risk management strategy.

The fund has received the ‘Best De-Risking Initiative’ accolade at the 2014 Engaged Investor Trustee Awards, the UK’s only awards for trustees of occupational pension schemes.

The awards recognise excellence in both public and private sector pension schemes across the country.

Cheshire Pension Fund won the accolade for its introduction of bespoke investment strategies and a de-risking framework which is pioneering within the Local Government Pension Scheme.

The work was led by Cheshire West and Chester Council’s Pensions Team, which administers the fund on behalf of 80,000 members and 200 employers throughout the north west.