Administering authority policies
Pension Administration Policy
The Southwark Pension Fund Administration Strategy (pdf, 208kb) was developed following consultation with employers in the fund.
The aims of the strategy are to ensure that both the administering authority (Southwark Council) and the employers are fully aware of their responsibilities under the Scheme, and to outline the performance standards they are expected to meet to ensure the delivery of a high-quality and cost-effective administration service.
Statement of administering authority discretions policies
Local Government Pension Scheme Regulations give some responsibilities and discretions to Southwark Council, as the administering authority. Policies on these discretions have been set out in the statement of administering authority discretions policies
These policies will be applied to all members of the Southwark Pension Fund, regardless of who their employer is.
The Communications Strategy (pdf, 122kb) provides an overview of how Southwark Council communicates with pension scheme members, representatives of members, prospective members and scheme employers
Scheme Pays Policy
Scheme Pays is a process which may allow part of your annual tax charge to be paid by the Southwark Pension Fund, in exchange for a reduction in your pension benefits. There are two types of Scheme Pays, Mandatory and Voluntary, and the Southwark Pension Fund Scheme Pays Policy (pdf, 204kb) covers both.
If you wish to ask Southwark Council to pay some or all of your annual tax charge, in line with the Scheme Pays Policy, please complete and return the Annual Allowance Scheme Pays Election Notice (pdf, 195kb).
Page last updated: 28 June 2019