Pensions
How your pension fund is invested and managed - the future of LGPS governance
Collectively the LGPS is the largest pension fund in the UK worth billions of pounds. How our members' money is invested and how it is managed is crucial to delivering the pension benefits to UNISON members. Trade union representatives on LGPS funds are crucial to make sure the benefits are delivered and the funds are secure and well managed.
What is LGPS Governance?
How your pension funds are invested and managed are all part of the governance process.Governance of pension funds such as the LGPS would include the following:
- The hiring of fund managers and advisors
- Decisions on asset allocation - i.e. whether to invest in shares/bonds/property/cash/venture capital
- Developing a 'statement of investment principle' and making sure that the principle is carried out
- Deciding on a programme of socially responsible investments
- Voting shares at company Annual General Meetings
- Making sure that the assets of the fund can meet obligation of paying pensions
Who controls your pension?
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LGPS Governance National Branch Seminar
Listen to other UNISON members views about why its important to join the LGPS Governance campaign. |
Latest documents
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Template response for branches2 November 2007
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Branches are asked to use this document to respond to statutory consultation on draft 'best practice' guidance for the governance of the local government pension scheme
 Template response for branches
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LGPS governance and trade union representation24 October 2007
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Statutory consultation is underway on draft 'best practice' guidance for the governance of the local government pension scheme in England and Wales. Branches are urged to respond before the 9 November deadline
UNISON information for branches [PDF]
Letter from DCLG [PDF]
DCLG draft guidance [PDF]
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Governance negotiations5 April 2007
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Governance of the LGPS - March 2007 briefing - PDF Trades unions and pension funds - The case for joint programme for trustee organisation - PDF
 UNISON Submission to DCLG - LGPS Governance - Representation on Investment
Data as of 16/3/07 - XLS
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Contact details
• The lead officer for the LGPS Governance campaign is Colin Meech.
• UNISON LGPS Governance, 1 Mabledon Place, London WC1H 9AJ
• Email: c.meech@unison.co.uk
• The lead officer for the LGPS Governance campaign is Colin Meech.
• UNISON LGPS Governance, 1 Mabledon Place, London WC1H 9AJ
• Email: c.meech@unison.co.uk
UNISON, 1 Mabledon Place, London WC1H 9AJ. Telephone: 0845 355 0845.
© Copyright 2008
© Copyright 2008
