Local Pension Board (LPB)
The governance arrangements of the LGPS have changed and has given members and employers a unique opportunity to become more involved with the oversight of the LPFA pension fund. In line with the LGPS Governance Regulations 2014, the Local Pension Board has now been established to ensure that the LGPS is managed well at a local level.
The Local Pension Board will be assisting the LPFA in securing compliance with the Regulations, any other legislation relating to the governance and administration of the Scheme, and requirements imposed by the Pensions Regulator in relation to the Scheme.
LPB conflicts have been recorded into a central register, which will be monitored on a quarterly basis. To view the register please click here.
If you have any questions, please email us at email@example.com.
Local Pension Board Members
The Local Pension Board comprises of the following members:
William Bourne (Independent Chairman)
William has spent over 30 years in the institutional asset management world as both investor and business builder with Threadneedle, Zurich Scudder Investments and Deutsche Trust Bank. He specialises in asset allocation and the Japanese markets, but has experience of institutional investing in all major traditional and alternative asset classes.
He currently acts as independent advisor to two LGPS schemes and has recently been appointed Chairman of the newly set up Local Pension Boards for the Lancashire County Pension Fund and the LPFA.
William has in the past provided case studies and independent commentary for educational institutions such as the London Business School and BG Consulting. He is an experienced and effective chairman of forums and meetings, and excels at analysing complex problems. He has a Masters in Finance from the London Business School and an MA from Oxford. William is a Director of City Noble.
Adrian is the Head of Finance at the London Fire and Emergency Planning Authority, one of the largest employers in the LPFA fund. Adrian has over 30 year’s public service, and is a qualified accountant.
He began his career in central government working at the then Departments of Health and Social Security, and the Serious Fraud Office – it was during this period that he completed his accountancy training. He then moved to the Metropolitan Police Service, as part of a move to improve financial management across the organisation. He joined to the Greater London Authority in 2000 on its formation, and worked on the Mayor of London’s now £12bn budget. Whilst at the GLA he spent most of 2003 in the Army serving with the Royal Engineers on Op Telic, six months on secondment to the Department for Culture, Media and Sport to help set up the delivery bodies following the announcement of London as hosts of the Olympic and Paralympic Games in 2012, and in 2006 began a secondment to the London Pensions Fund Authority. He took up a permanent role at the LPFA in 2008 as the Chief Finance Officer, initially as Head of Finance and from 2009 as Director of Finance. He then joined LFEPA in 2013.
Adrian is a qualified accountant, and is a member of the Chartered Institute of Management Accountants and the Chartered Institute of Public Finance and Accountancy. He has an MA in Finance and Accounting, from Leeds Business School, and is a graduate of the High Performance Leadership programme at Cranfield School of Management, Cranfield University.
Frank Smith, CPFA, has worked in London local government for over 32 years. He started at LB Wandsworth in 1983 and after passing the AAT qualification in 1985, he completed the full CIPFA qualification in 1989. His main post-qualification role at Wandsworth was to oversee the financial aspects of the transfer of the education service from the ILEA to the borough, including the drafting of the Council’s inaugural Local Management of Schools (LMS) scheme.
In 1999, Frank became the Chief Finance Officer for the Transport Committee for London (TCfL) and when this organisation merged with four other pan-London bodies in 2000, he was appointed Director of Finance and Administration of the new organisation, the Association of London Government (ALG). This body was rebranded London Councils in 2006 and Frank assumed the role of Director of Corporate Resources.
Whilst no longer responsible for wider HR issues at London Councils, Frank leads on strategic pension’s issues and is the organisations statutory finance officer.
Sean has worked in the public sector since the age of 16 when he left school, working for numerous local authorities.He entered the payroll and pensions world in 1981 and became Payroll Manager at Ealing College of Higher Education in 1989. He has sat on a number of pension panels and boards since 1995, and undertook the Diploma In Pensions Management in 1996. Sean has an interest in personal finance and keeps himself abreast of all pension and payroll matters by relevant publications and attending seminars, workshops etc.
He is a member of the Chartered Institute of Payroll Professionals and is currently training to be a pensions tutor for the organisation. He also promotes the initiative of visiting schools and providing sessions on educating students on payslip, payroll and pension matters.
He is currently Head of Payroll Pensions and Taxation for London Metropolitan University.
Bernadette was trained as a teacher before she came to the UK from the Netherlands in 1980.
She worked in tourism and retail before joining the University of Westminster in 2000, where she is now the Head of HR Services, MI & Systems.
Peter Scales OBE, CPFA retired as Chief Executive of the London Pensions Fund Authority at the end of 2006 after 20 years involvement with local government pension fund administration and investments. He played a number of influencing roles in the UK pensions industry, including NAPF and the CIPFA Pensions Panel, and has helped develop many aspects of guidance on good practice in the administration of LGPS pension funds.
Since his retirement, Peter has developed a wider role as an independent adviser. He is a Senior Adviser with AllenbridgeEpic Investment Advisers and, in that capacity, has been appointed as independent professional observer to the North Yorkshire and Dorset pension funds, independent chairman of the West Sussex Pension Advisory Board, and advises the BA Pension Schemes’ Investment Committee on governance arrangements.
Peter is chairman of trustees of the Scout Association Pension Fund and chairs Pension Fund Service. He helps produce programmes for local government investment conferences and chairs a number of events.
Simon read Economics and Politics at the University of Newcastle –upon-Tyne. He taught Economics, Business Studies and Politics for 19 years in Schools, for the last 10 years he has worked in Advice and Guidance at Greenwich Community College.
Simon has been an active Trade Unionist for all of his working life, representing members in Schools, Further Education and Local Government. He has been a Unison Branch Officer since 2011 and is currently the Greenwich Local Government Branch Secretary.
Simon has governance experience as a former member of the Greenwich Community College Corporation and currently as a Governor of a local Greenwich School.
Simon was appointed to the LPFA Local Pension Board in 2015, as one of the three member representatives.
Omolayo is a chartered certified accountant, a Fellow of the Association of Chartered Certified Accountants (ACCA), a member of the Chartered Institute of Public Finance (CIPFA) as well as a member of the Institute of Chartered Accountants of Nigeria (ICAN).
She has over 15 years of managerial experience of public sector accounting and finance working for the London Fire & Emergency Planning Authority and other UK governmental agencies. She is currently a Senior Finance Manager at the London Fire Brigade.
Her key strengths include: Budgeting and Forecasting, Pensions administration, Statutory Financial Reporting, Corporate Governance and Compliance Review, Cash Flow Management, Financial Accounting Systems, Project Management, Business Analysis, Interpersonal, Communication and Presentational Skills.
Omolayo has a passion for community development, engagement and social responsibility. She is currently a member of the Governing Council of Saint Joseph’s Primary School and a member of both the Finance and Curriculum Committee.
Jamie is the Assistant Director responsible for housing at the Greater London Authority. He has implemented a number of new programmes including those under the Mayor’s Housing Covenant, Housing Zones and London Housing Bank.
He led the development and adoption, in October 2014, of the statutory London Housing Strategy and the rollout of the Mayor’s drive to improve management standards in the private rented sector. He has overseen the reconfiguring of the Mayor’s flagship rough sleeping programmes and the procurement of a support team to increase environmental retrofit of London’s homes.
Jamie has previously worked in national roles at the Homes and Communities Agency, in Local Government and for a large UK bank. Jamie holds a Law degree and a Masters in Public Administration as part of which he examined whether the modern Olympic Games had left cash cows, white elephants or successful economic, environmental and social legacies.
Local Pension Board Dates for 2015-17
Key Features of the Local Pension Board
LPB has an oversight role, with the decision making body remaining the current LPFA Board/Committees. LPB will ensure that LPFA is complying with the LGPS and other relevant regulations. This will include investment and administrative regulations.
LPB is representative and contains 4 member representatives, 4 employer representatives and 1 non-voting independent Chair.
Meetings will take place at least twice per year in London as well as induction/training sessions as and when required.
The representative roles will not be remunerated but out of pocket expenses will be paid.
Local Pension Board Terms of Reference
The Local Pensions Board Terms of Reference can be found in LPFA's Constitutional Document.
Local Pension Board Member Appointment Process
When appointing a new member to the Local Pension Board, the LPB Independent Chair and its members will suggest the balance of skills, experience and knowledge required for the board to carry out its duties. The gaps suggested will be shared with the LPFA Managing Director when considering appointing a new Local Pension Board member.
The General process has been highlighted below:
1. The appointment will be published on the LPFA website, and emailed to all employers and members of the fund. This would include in detail, the role of the LPB Board, features that are required, time, commitment and availability.
2. The deadline for applying for the role is normally one month after publication.
3. All applicants will be shortlisted by the LPFA Managing Director and LPFA Monitoring Officer.
4. Interviews would be arranged with the Managing Director and LPFA Monitoring Officer.
5. Each applicant would be assessed against a number of features such as individual skills, knowledge and experience.
6. A final shortlist will take place based on the assessment scores and a second interview would be arranged with the LPB Chair for the successful candidates.
7. Once all second interviews are complete, the LPFA Managing Director, LPB Chair and LPFA Monitoring Officer will all meet to discuss the potential candidates and agree on a preferred candidate.
8. When an agreement has been made on a candidate, the member would be informed with an appointment letter.
9. The new LPB member will receive an induction programme as soon as they are available.