Pensions - Articles - LPFA comments on LGPS Governance Consultation

 LPFA has welcomed the Local Government Pension Scheme governance consultation published
 this week. It is pleased that the consultation includes the request for views on whether there should
 be regulatory requirements on local pension board members and administering authorities’
 pension committees to have the training, knowledge and capacity to effectively undertake their
 roles.

  

 Susan Martin Chief Executive of LPFA commented:
 “We are pleased that consultation raises the knowledge and skills of board and committee
 members as an important aspect of scheme governance. Our LPFA board members are appointed
 for their skills and knowledge of pension fund management, public service and corporate
 governance. We already operate in line with the CIPFA Knowledge and Skills Framework,
 voluntarily carry out board training and appraisals and we are embarking on another board
 performance evaluation this summer. We have won awards for member training and governance.
 We believe effective governance can create a dividend in fund performance and is an essential
 tool in tackling the LGPS deficit.”

  

 LPFA will be responding in more detail to the consultation by 15th August.