Local Pension Board
The role of the board is to assist the Lambeth Pension Fund comply with all the legislative requirements to ensure the scheme is being effectively and efficiently governed and managed.
The role of the board is to assist the Lambeth Pension Fund comply with all the legislative requirements to ensure the scheme is being effectively and efficiently governed and managed.
The function of the Board is to assist the Council in its role as Scheme Manager of the Lambeth Pension Fund, and its Pension Committee to secure compliance with statutory regulations and to ensure the effective and efficient governance and administration of the Scheme.
Membership
The Public Service Pension Act 2013 requires that Pension Boards include an equal number of employer and scheme member representatives. Representatives should be able to demonstrate their capacity to attend and complete the necessary preparation for meetings and participate in training as required. Capacity in this instance means the time to commit to attend meetings, undertake training and effectively represent employers and scheme members as appropriate.
The board must have an equal number of employer representatives and scheme member representatives. Scheme member and employer representatives are appointed to the board for a term of four years.
The current members of the board are as follows:
Scheme member representatives
Olusola Aiku – Staff representative
Ann Biddle – Pensioner Representative
Presley Rebelo - Trade Union
Employer representatives
Councillor Linda Bray (Chair)
Councillor Liam Daley
Councillor Deepak Sardiwal (Sub)
More information can be obtained from the Lambeth Council website