The London Borough of Southwark is the Administering Authority for The London Borough of Southwark Pension Fund (the Fund).
The London Borough of Southwark, as the Administering Authority of the Fund, has delegated responsibility for the management of the Fund to the chief finance officer (the Strategic Director of Finance and Governance), who will take into account advice from the Pensions Advisory Panel (the Panel). The chief finance officer’s powers include the requirement to review investments made by the investment manager at least once every three months and to administer all other functions relating to the Fund in accordance with the relevant legislation and regulations. This includes responsibility for the management of the Fund, oversight of the general framework within which the Fund is managed, and agreements of the policies under which the Fund will operate.
Elected Panel members:
- Councillor Rebecca Lury – Chair
- Councillor Jon Hartley
- Councillor Eliza Mann
Other Panel members:
In addition to the elected members, the Panel also has three council officers, two independent advisers, and a representative appointed by the constituent trade unions representing Fund members. The elected members (councillors) and three officers have voting rights on the Panel. Three voting members (of whom at least one must be a council officer) of the Panel are required, as well as least one independent adviser, to deem a meeting quorate.
You can view the agendas and minutes from the Panel’s meetings in the Pensions Advisory Board reports section in the Documents library.