Who runs the pension fund
The London Borough of Lewisham Pension Fund is part of the Local Government Pension Scheme (LGPS) and is run by the London Borough of Lewisham. This means that the Council is the "administering authority" in the Local Government Pension Scheme Regulations.
Administering authorities have to act in the interests of all employers, members and their dependants within the fund; the role of the administering authority is very similar to that of a trustee.
The Council has delegated the investment arrangements of the scheme to the Pensions Investment Committee (PIC), which makes decisions based on information from the Fund's appointed actuary, investment managers and investment adviser. The management of the Fund's investments is by professional investment managers in accordance with detailed agreements and regular monitoring.
The Treasury and Pensions Team within Strategic Finance at Lewisham Council look after the day to day running of the fund.
David Austin - Acting Chief Finance Officer