Who runs the Hackney Pension Fund?
The Hackney Pension Fund is run by the London Borough of Hackney.
This means that the London Borough of Hackney is the Administering Authority under the Local Government Pension Scheme Regulations, and as such it must act in the interests of all employers, members and their dependants within the Fund.
The London Borough of Hackney Pension Fund is part of the Local Government Pension Scheme (LGPS) that is governed by Statute. Pensions, and the entitlement to benefits, are fully protected in law therefore members of the scheme are not reliant on investment performance for their pension benefits.
The main regulations governing the operation of the scheme are the Superannuation Act 1972 and the Local Government Pension Scheme Regulations 2013. The Fund’s approach to investment is regulated through the Local Government Pension Scheme (Management and Investment of Funds) Regulations 2016.
The Hackney Pension Fund publishes a Governance Strategy Statement each year which reflects our commitment to transparency and engagement with employers and scheme members.
The Hackney Pension Fund also has a Pension Committee, which makes decisions and takes responsibility for management of the fund.
The Hackney Pension Fund also has a Local Pension Board. The role of the board is to assist the Hackney Pension Fund and the Pension Committee comply with all the legislative requirements, and to ensure the scheme is being effectively and efficiently governed and managed.