Pensions Committee Independent Person

Pensions Committee Independent Person

3 Years Fixed Term Contract

Part–time -3.5hr per week -15days per year.

About Us:

Located in the heart of South London, Lambeth Borough is a vibrant community of over 317,600 residents. Stretching from the dynamic neighbourhood of Streatham in the South to the iconic landmarks of Waterloo in the North, we are proud to be the 9th largest borough in London. Our diversity is our strength, with more than 130 languages spoken, making Lambeth the home of the Windrush generation, London's largest LGBTQ+ community, and a thriving Portuguese-speaking community.

It is an exciting time to join Lambeth Council, we have bold ambitions for the future of Lambeth’s communities and residents through ourLambeth 2030 Plan ‘Our Future, Our Lambeth.

With exceptional schools, lush green spaces including Brockwell Park, cultural gems like the Black Cultural Archives, and world-renowned institutions such as St Thomas's Hospital, Lambeth offers an enriching and dynamic environment.

Please have a look at our dedicated One Lambeth Values and Behaviours page.

About the Team:

The London Borough of Lambeth is the Administering Authority for the Lambeth Pension Fund, which is part of the Local Government Pension Scheme (LGPS).

Following recent reforms to the LGPS and the introduction of Regulation 53A, the Fund is required to appoint a named Independent Person. This is a non-voting position that will provide independent strategic advice, support and constructive challenge to the Pension Fund Committee, the Senior Officer and the asset pool. The role is intended to strengthen the Fund's governance arrangements through supporting the Senior Officer and Chair of the Pensions committee by providing independent scrutiny of advice and recommendations received by the fund, ensuring alignment with statutory guidance.

The postholder will also support the development and review of key Fund strategies, policies and governance documents.

About the Role:

Comparable to the role of a Non-Executive Director or Professional Trustee, the position will be expected to cover a wide range of duties. These include but are not limited to:

• To support and contribute to the development of all strategies for which the Pensions Committee is responsible
• To scrutinise any advice given to the Committee, whether from the pool or any other organisation or individual
• To help monitor and assess performance against targets set in LGPS strategies, including administrative performance and the London CIV’s implementation of the investment strategy, and help monitor whether the collective pool oversight process is meeting the requirements of the administering authority
• To support consideration of the Committee’s governance arrangements, including any action plans arising from Independent Governance Reviews
• Uphold independence and avoid conflicts, providing assurance to scheme

members and employers through high standards of conduct.

• To contribute in any other way appropriate to the authority’s LGPS functions

The role will also encompass oversight of the administering authority's position as both shareholder and client of its asset pooling company, London CIV, supporting the monitoring of the asset pool’s implementation of the Fund’s investment strategy.

The successful candidate will bring significant pensions experience and expertise together with a understanding of the challenges and opportunities facing the LGPS. Applicants should either:

• Hold a relevant qualification from the Pensions Management Institute (PMI)
• be a member of, and accredited by, the Association of Professional Pension Trustees (APPT)
• or be able to demonstrate extensive knowledge and experience within the LGPS environment.

How to Apply:

To be considered for interview, your CV and supporting statement will clearly evidence how you meet the shortlisting criteria on the personal specification marked “A” for application:

Schools Evaluation & Support Review Officer JD&PS

We operate an anonymised application process, so be sure to remove personal details when uploading your CV or personal statement.

Recruitment Timelines:

Advert close date: 11:59pm on 29th November

Please click here to view: Lambeth Staff Benefits

You will be required to undertake a Cifas check. Further information about Cifas can be found here Cifas

Contact Information:

For an informal discussion about the role, please contact Patrick Kilgallen [email protected]

At Lambeth, we are dedicated to providing quality services and equal opportunities for all. We are committed to safer recruitment and are proud to be a Stonewall diversity champion, a Living Wage Employer, and to guarantee interviews for all disabled candidates who meet the minimum criteria of the role. For a full list of our accreditations, please click here.