About the City of London Pension Fund
Find out more about how the fund is governed.
The City of London Pension Fund is part of the national Local Government Pension Scheme (LGPS)
If you join the LGPS you become a member and you will get a pension paid to you when you retire.
Members include people who work for the City of London Corporation, and a range of other organisations.
The LGPS is a statutory scheme. This means that it is very secure because the amount members are paid in retirement is defined and set out in law.
The pension scheme has approximately 15,000 members, with 1.1Bn in assets and 14 participating employers.
Teachers and operational staff in the City of London Police service have their own pension schemes and are not part of the LGPS.
Who runs the pension fund?
The City of London Pension Fund run by the City of London Corporation.
This means that the City of London Corporation is the "administering authority" in the Local Government Pension Scheme Regulations.
The Corporation has set up a local government pensions board to make decisions and take responsibility for management of the fund.
Administering authorities must act in the interests of all employers, members and their dependants within the fund.
The role of the administering authority is very similar to that of a trustee.
The Pensions team at the City of London Corporation look after the day to day running of the fund.
Important
This authority is under a duty to protect the public funds it administers, and to this end may use the information you have provided for the prevention and detection of fraud. It may also share this information with other bodies responsible for auditing or administering public funds for these purposes. For further information visit www.cityoflondon.gov.uk/NFI.
Pensions Administration Manager:
Graham Newman
Pensions Office, Chamberlain’s Department
City of London Corporation
Tel: 020 7332 1132
Governance
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The Pension Committee
Pension Committee decision making lies with the City of London Corporation. Follow the link here for further information on Governance arrangements for LGPS funds.
Learn more
Local Pension Board
Governance arrangements for pension schemes in the public sector require the City of London Corporation, as an administering authority for the LGPS (Local Government Pension Scheme), to have in place a local pension board.
Learn more