Pensions Board or Local Pension Board (LPB)

The Pension Board for the Tower Hamlets Pension Fund

As a result of changes to governance arrangements to pension schemes in the public sector, the Tower Hamlets Council as an administering authority for the LGPS is required to have in place a local pension board. The role of the board is to ensure the Tower Hamlets pension fund complies with all the legislative requirements and to make sure the scheme is being effectively and efficiently governed and administered.

The board members work with the Council in its role as an administering authority and the pension fund's officers to ensure that your pension scheme is being run properly and that you as a member get the best service.

To comply with requirements imposed by regulations which are enforced by the Pensions Regulator, the members of the local pension board are required to have the relevant experience and be available to attend meetings. In order to do this they must undertake training to maintain their knowledge and understanding of the LGPS and pensions in general.

The board must have an equal number of employer representatives and scheme member representatives. The Tower Hamlets Pension fund has three of each.

We have also appointed an independent expert to oversee the board's matters

Scheme member and employer representatives are appointed to the board for a term of 4 years, the term of office for the independent member is determined by the Council.

The current members of the board are as follows:

Mr. John Jones (Independent Chair);

Scheme member representatives

  • David Stephen Thompson (Vice Chair – Pensioner)
  • Stephen Stratton (Council – Active Member)
  • John Gray (Admitted Body – Active Member)

Employer representatives

  • Councillor Dave Chesterton (Elected Member)
  • Minesh Jani (Council)
  • Vacant (Admitted Body)

Board members can seek reappointment at the end of their term, but if you were interested in being considered as a scheme member representative next time round please contact us.

To be involved in the running of the Tower Hamlets pension fund, Employer and Employee Representatives must be able to demonstrate the following criteria, characteristics and skills. It should be noted that the role will involve reviewing the financial aspects of pension fund management and representative must be able to bring an appropriate level of knowledge with them.

Person Specification

  • You must be an employer member of the Tower Hamlets fund and be able to commit to a membership period of 4 years.
  • Capacity to attend at least four Pension Board meetings per year, along with training as required.
  • A good understanding of pension fund management, LGPS knowledge and an understanding of the issues facing the LGPS.
  • Trustee, governance or representative board experience.
  • Act impartially in the interests of both employers and members.
  • Have confidence to challenge, influence, and engage.
  • Act prudently, honestly and in line with the seven principles of public life.
  • An effective communicator and team player that can promote excellent working relationships within the Pension Board and gain the confidence of external stakeholders.
Pensions Board Terms of Reference

The Tower Hamlets Pension Fund, Pension Board Terms of Reference can be found here

CONTACT THE EAPF

Contact us

You can get in touch with us through
the following methods.

0800 121 6593
+44114 452 5008 (overseas)
      The Environment Agency Team

      Capita
      11b Lingfield Point
      Darlington
      DL1 1AX

Close