Introduction to the London Pensions Fund Authority (LPFA)
The LPFA is a leader in the provision of pension administration for the Local Government Pension Scheme (LGPS). The Authority is the largest LGPS provider in London and one of the largest in the UK.
The LPFA administers its own £4.8bn pension fund providing LGPS benefits to almost 20,000 employees working for non-for-profit, chairty, private sector and local government employers and around 35,000 pensioners, many of whom worked for the Greater London Council and the Inner London Education Authority. We also assist other local authorities with all aspects of LGPS administration and provide comprehensive third party administration services to eight London and county authorities, looking after the pension benefits of more than 250,000 individuals.
More about the LPFA
The LPFA is an international centre of excellence in pension administration. As well as administering its own fund, we take part in a vast array of initiatives designed to increase knowledge within the pension world. We work with 23 local authorities, sharing our expertise and providing a range of pension administration, communication and payroll services; we provide training and development to staff and employers to ensure they are fully versed in the LGPS; and we work with the LGA on a number of initiatives, such as videos and modellers, to improve individuals’ access to information on their pension. Click here to see how we can assist you.
The Authority is a regular winner of industry awards for investment strategy, administration, customer service and corporate governance. The LPFA is accredited in Information Security (ISO 27001) and Environmental Management (ISO 14001), and possess Investor in People (IIP Bronze Status) and Institute of Customer Service accreditations also.
LPFA carries out third party pension administration and other LGPS services, presently looking after the pension benefits of around 250,000 individuals. Currently LPFA provides administration for London Borough of Bexley, the London Fire and Emergency Planning Authority (LFEPA), London Borough of Ealing, London Borough of Newham, Westminster City Council, Hertfordshire County Council and Hertfordshire Fire Scheme.
Our ethos with all of our third party activities has been one of a partnership approach. We work with prospective partners to deliver an arrangement that meets their exact requirements.
Our strategy puts collaboration and the sharing of skills and expertise at the heart of what we do, using our resources to help deliver improvements across the LGPS and Fire Pension Scheme. It is only through this kind of cooperation that we can hope to solve the public sector pensions deficit across the UK.