Pension fund

Southwark Council's pension fund had net assets of approximately £1.26 billion on 31 March 2016.

The pension fund annual report 2015/16 provides information on how the fund is administered and invested to provide benefits for retired members and information on the fund's governance arrangements .

The investment strategy for the Fund is outlined in the  Southwark pension fund investment strategy statement (pdf, 180kb) and Southwark pension fund administration strategy (pdf, 229kb).

This document also sets out the Fund approach to taking account of environmental, social and governance considerations in the investment of Fund assets. 

The financial position of the fund is reviewed in the pension fund actuarial valuation as at 31 March 2010.

See the academies briefing note (pdf, 41kb) which has been prepared for new scheduled bodies entering the Southwark pension fund.

The Pension Advisory Panel (PAP) offers advice to the chief finance officer. The role and functions of PAP are detailed in council’s constitution and membership (pdf, 12kb) is constituted as per the Constitutional Changes 2014/15 report.

You can read Southwark's Breaches of the Law Policy (pdf, 88kb) here.

You can browse the minutes and agendas for PAP meetings here.

The Local Pension Board (LPB) has an oversight role in assisting the council as the administering authority to secure compliance with the LGPS legislation and other relevant regulations and to ensure the efficient and effective governance of the pension scheme.

For further information on pension fund investments, email caroline.watson@southwark.gov.uk.

Page last updated: 19 September 2017