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Governance

How the Fund is structured

Governance arrangements in the Local Government Pension Scheme (LGPS) are complex but at local level they consist of: 

Pension Committee

Pension Board

(More detailed information on each of these can be found by clicking on the relevant link above.)

At a national level, many other bodies are involved. The roles of the most significant organisations are as follows:

  Ministry of Housing, Communities and Local Government (MHCLG)
At a national level, the LGPS in England Wales is governed by MHCLG. MHCLG is able to set amended legislation before parliament, including the Local Government Pension Scheme Regulations, and to set statutory guidance for administering authorities to follow.

  Scheme Advisory Board (SAB)
The role of the SAB is to help and support MHCLG and administering authorities to fulfill their statutory duties and obligations. In turn, the SAB is supported  by the Local Government Association.

  Local Government Association (LGA)
The LGA's pension team provides technical support to LGPS Funds in the form of query support, the release of guides and calculators and timeline regulations. 

  The Pension Regulator (tPR)
tPR is responsible for ensuring that LGPS Funds comply with legislation and operate effectively; Funds have to submit reports to the tPR to help support this function.