Governance

Governance Policy

The London Borough of Tower Hamlets Council is the Administering Authority of the Tower Hamlets Pension Fund and administers the Local Government Pension Scheme on behalf of participating employers. Regulation 55 of the Local Government Pension Scheme Regulations 2013 and its predecessors, Regulation 31 of the Local Government Pension Scheme (Administration) Regulations 2008 and Regulation 73A of the LGPS Regulations 1997 (as amended), requires Local Government Pension Scheme (LGPS) Administering Authorities to publish Governance Compliance Statements. It also requires the Authority to keep the statement under to review and to make revisions as appropriate and where such revisions are made to publish a revised statement.

Constitution

The Constitution of the Council sets out how the Council operates, how decisions are made and the procedures which are followed to ensure that these are efficient, transparent and that those who made the decisions are accountable to local people.

The framework under which the Pension Fund is being administered is as shown in the diagram below.




The London Borough of Tower Hamlets is ultimately responsible for both Closed and Active Pension Funds and it delegates this responsibility to the Pensions Committee.
The Council’s staff undertake all of the activities related to the administration of our members pensions and details of applicable delegations are included in the Pensions Funds Scheme of Delegation.

Please click here to access the Tower Hamlets Pension Fund Governance Statement Policy. (please link attached document Governance compliance Statement)

Please click here to access a copy of The Pensions Regulator's code of practice number 14 Governance and administration of public service pension schemes.

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0800 121 6593
+44114 452 5008 (overseas)
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