Local Pension Board (LPB)

The governance arrangements of the LGPS have changed and has given members and employers a unique opportunity to become more involved with the oversight of the LPFA pension fund. In line with the LGPS Governance Regulations 2014, the Local Pension Board has now been established to ensure that the LGPS is managed well at a local level. 

The Local Pension Board will be assisting the LPFA in securing compliance with the Regulations, any other legislation relating to the governance and administration of the Scheme, and requirements imposed by the Pensions Regulator in relation to the Scheme.

 

If you have any questions, please email us at corporate@lpfa.org.uk

 

Local Pension Board Members

 

The Local Pension Board comprises of the following members:

 

William Bourne (Independent Chairman)

 William has worked in institutional asset management over the past 35 years in various capacities, and advised LGPS funds since 2009.  A thought leader within the financial industry, he currently acts as independent advisor to three LGPS funds, and as independent chair of the Lancashire Pension Board as well as the LPFA's.  He has a Masters in Finance from the London Business School, and is Director of Linchpin Advisory Limited, providing advisory services on investment and governance

 

 

 

 Employer representatives:

  Adrian Bloomfield

Adrian is the Assistant Director - Finance at the London Fire Brigade (LFB), one of the largest employers in the LPFA fund.  Adrian has over 30 years public service, and is a qualified accountant.
He began his career in central government working at the then Departments of Health and Social Security, and the Serious Fraud Office – it was during this period that he completed his accountancy training.  He then moved to the Metropolitan Police Service, as part of a move to improve financial management across the organisation.  He joined to the Greater London Authority in 2000 on its formation, and worked on the Mayor of London’s budget.  Whilst at the GLA he spent most of 2003 in the Army serving with the Royal Engineers on Op Telic, six months on secondment to the Department for Culture, Media and Sport to help set up the delivery bodies following the announcement of London as host of the Olympic and Paralympic Games in 2012, and in 2006 began a secondment to the London Pensions Fund Authority.  He took up a permanent role at the LPFA in 2008 as the Chief Finance Officer, initially as Head of Finance and from 2009 as Director of Finance. He then joined the LFB in 2013.
 Adrian’s pensions knowledge and experience stepped up a level whilst at the LPFA, where he had specific service delivery responsibilities relating to pensions not least relating to the pension fund accounts and pensions payroll, as well as requiring a broad based pensions knowledge as part of his leadership role in a large pension fund.  Adrian also serves as an adviser to LFB’s Local Pensions Board on the firefighter pension scheme.
Adrian is a qualified accountant, and is a member of the Chartered Institute of Management Accountants and the Chartered Institute of Public Finance and Accountancy. He has an MA in Finance and Accounting, from Leeds Business School, and is a graduate of the High Performance Leadership programme at Cranfield School of Management, Cranfield University.
 
 

Frank Smith 

Frank Smith, CPFA, has worked in London local government for over 36 years. He started at LB Wandsworth in 1983 and after passing the AAT qualification in 1985, he completed the full CIPFA qualification in 1989. His main post-qualification role at Wandsworth was to oversee the financial aspects of the transfer of the education service from the ILEA to the borough, including the drafting of the Council’s inaugural Local Management of Schools (LMS) scheme. 
In 1999, Frank became the Chief Finance Officer for the Transport Committee for London (TCfL) and when this organisation merged with four other pan-London bodies in 2000, he was appointed Director of Finance and Administration of the new organisation, the Association of London Government (ALG). This body was rebranded London Councils in 2006 and Frank assumed the role of Director of Corporate Resources.
 
Whilst no longer responsible for wider HR issues at London Councils, Frank leads on strategic pension’s issues and is the organisations statutory finance officer.
 
 Sean Brosnan 

Sean  has worked in the public sector since the age of 16 when he left school, working for numerous local authorities. He entered the payroll and pensions world in 1981 and became Payroll Manager at Ealing College of Higher Education in 1989. He has sat on a number of pension panels and boards since 1995, and undertook the Diploma In Pensions Management in 1996. Sean has an interest in personal finance and keeps himself abreast of all pension and payroll matters by relevant publications and attending seminars, workshops etc.
 
He is a member of the Chartered Institute of Payroll Professionals and is currently training to be a pensions tutor for the organisation. He also promotes the initiative of visiting schools and providing sessions on educating students on payslip, payroll and pension matters.

 

 

  Amy Selmon

Amy is the Group Financial Controller at Poplar HARCA, a housing association in the East End of London. Her key skills include ensuring financial controls, financial governance and good financial practices are achieved through designing and implementing policies and procedures. 

Amy’s career started at Paddington Academy, a non-selective United Learning academy in West London as a Finance Officer. From there she joined RSM, a provider of audit, tax and consulting services, as a Senior Internal Auditor before taking the role at Poplar HARCA.
 
For two years Amy served as an elected staff governor at Paddington Academy. Amy is a member of the Association of Chartered Certified Accountants (ACCA)
 
 

Member representatives: 

 Peter Scales 

Peter Scales OBE, CPFA retired as Chief Executive of the London Pensions Fund Authority at the end of 2006 after 20 years involvement with local government pension fund administration and investments. He played a number of influencing roles in the UK pensions industry, including NAPF (now PLSA) and the CIPFA Pensions Panel, and has helped develop many aspects of guidance on good practice in the administration of LGPS pension funds.
 
Since his retirement, Peter has developed a wider role as an independent governance adviser.  He is currently a Senior Adviser with MJ Hudson Allenbridge and, in that capacity, has been appointed as independent governance adviser to the Dorset, North Yorkshire and Wiltshire pension funds, and as independent chairman of the West Sussex Pension Advisory Board.

 

 

Omolayo Sokoya 

  Omolayo is a chartered certified accountant, a Fellow of the Association of Chartered Certified Accountants (ACCA), a member of the Chartered Institute of Public Finance (CIPFA) as well as a member of the Institute of Chartered Accountants of Nigeria (ICAN).

She has gained valuable management, accounting and finance experience over the last 18yrs, working for the public and other governmental sector. She is currently working for the London Fire Brigade as a Senior Finance Manager and she has been a Local Pension Board Member of the London Pension Fund Authority (LPFA) since 2015.

Her key strengths include: Budgeting and Forecasting, Pensions administration, Statutory Financial Reporting, Corporate Governance and Compliance Review, Cash Flow Management, Financial Accounting Systems, Project Management, Business Analysis, Interpersonal, Communication and Presentational Skills.

Omolayo has a passion for community development, engagement and social responsibility. She is currently a member of the Governing Council of the Regional Governing Body for Chatham and Saint Joseph’s Primary School.

 

Jenny Lo

Jenny AL Lo’s 35+ years career has spanned the communications and post 16-education sector.  Her early employment included working closely with Camden Council and the ILEA on training and skills. Jenny joined the BBC's Education Advisory Council, moving on from policy and oversight later to the production and editorial side. Initially she was involved in Education and Arts at the BBC before transferring to News & Current Affairs.   Jenny was an Executive Producer in Russia and the US before her appointment as Commissioning Editor for the BBC Open University. She was then appointed as London Regional Director for the Association of Colleges.  As London Director, she liaised and worked closely with City Hall, the Mayor's Office and the LDA.

Throughout her career, she has acquired long standing experience of strategic planning, audience -user satisfaction, stakeholder & joint venture relationships, branding & marketing, procurement and governance issues.

 Since retirement, Jenny has volunteered for several arts and heritage projects in between sharing caring responsibilities for her elderly father in the Far East.  She has a BA [Hons] in History and an MA in Area Regional Studies. She is also a Churchill Fellow, a British -American Fellow and a Harvard senior Fellow [+ MIT affiliation]

  Prashant Solanky

Prashant is an Area Manager for Housing & Land at the Greater London Authority, where he has led innovative investments such as a finance facility for Airspace development in London. He is also responsible for managing relationships with a number of boroughs in North-West London. He has previously worked as Partner Investment Manager for Reall, managing investments in Housing Social Enterprises across Africa and Asia. He also worked for 5 years in India on post-disaster reconstruction and urban development programs.

Prashant holds a BA and Post Graduate Diploma in Architecture, his dissertation project looked at housing as a catalyst to revitalise industrial towns. He currently volunteers as a youth worker for a youth centre in Lewisham, London.
 

 

 

 

 

 



Local Pension Board Meeting Dates and Agendas

Copies of the Local Pension Board minutes can be found on the LPFA Board Reports page - click here

2019 Dates

  • Wednesday, 6 March 2019, 10.00 – 12.30     Agenda
  • Wednesday, 5 June 2019, 10.00 – 12.30 Agenda
  • Thursday, 19 September 2019, 13.00 – 15.30
  • Tuesday, 11 November 2019, 10.00 – 12.30

 

Meetings in earlier years

2018 Dates

  • Tuesday, 6 March 2018, 10.00 – 12.30  Agenda

  • Wednesday 11 June 2018  Agenda 

  • Wednesday 19 September 2018, 10:00 - 12:30 Agenda

  • Wednesday 5  December 2018, 10:00 -12:30 Agenda

 

2017 Dates

  • Wednesday 8 March 2017 Agenda

  • Wednesday 7 June 2017 Agenda

  • Wednesday 20 September 2017 Agenda

  • Wednesday 6th December 2017 Agenda

 



Key Features of the Local Pension Board

  • LPB has an oversight role, with the decision making body remaining the current LPFA Board/Committees. LPB will ensure that LPFA is complying with the LGPS and other relevant regulations. This will include investment and administrative regulations.

  • LPB is representative and contains 4 member representatives, 4 employer representatives and 1 non-voting independent Chair.

  • Meetings will take place at least twice per year in London as well as induction/training sessions as and when required.

  • The representative roles will not be remunerated but out of pocket expenses will be paid.



Local Pension Board Terms of Reference

The Local Pension Board Terms of Reference can be found in the LPFA’s Constitutional Document. A copy is published on the Governance & Strategy section of the "What We publish" page and can be accessed via this link 



Local Pension Board Member Appointment Process

 

 

When appointing a new member to the Local Pension Board, the LPB Independent Chair and its members will suggest the balance of skills, experience and knowledge required for the board to carry out its duties. The gaps suggested will be shared with the LPFA Managing Director when considering appointing a new Local Pension Board member.

The general process is highlighted below:

1. The appointment will be published on the LPFA website, and emailed to all employers and members of the fund. This would include in detail, the role of the LPB Board, features that are required, time, commitment and availability.

2. The deadline for applying for the role is normally one month after publication.

3. All applicants will be shortlisted by the LPFA Managing Director and LPFA Monitoring Officer. 

4. Interviews would be arranged with the Managing Director and LPFA Monitoring Officer.

5. Each applicant would be assessed against a number of features such as individual skills, knowledge and experience.

6. A final shortlist will take place based on the assessment scores and a second interview would be arranged with the LPB Chair for the successful candidates. 

7. Once all second interviews are complete, the LPFA Managing Director, LPB Chair and LPFA Monitoring Officer will all meet to discuss the potential candidates and agree on a preferred candidate.

8. When an agreement has been made on a candidate, the member would be informed with an appointment letter.

9. The new LPB member will receive an induction programme as soon as they are available.