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 Chair)

William Bourne Photograph
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:  
   
Jasbir Sandhu  
Jasbir is a Chartered Accountant (FCPFA) and the Chief Finance Officer at Old Oak and Park Royal Development Corporation, a functional body of the Greater London Authority.
Her background is in Local Government, specifically in Finance, Governance, Risk and Assurance. 
Alongside Jasbir’s senior management  experience, she has previously held non-executive positions and is currently a Trustee at Solace Women’s Aid, where she Chairs the Finance and Resources Committee.
   
Stephen Boon  
Stephen is Chief Contracts Officer at London Councils and is the commercial lead for transport and mobility. His responsibilities include negotiation of the c.£350 million per annum Freedom Pass concessionary fares scheme with TfL, the Rail Delivery Group and non-TfL bus operators, as well as leading on the contract management of a number of pan-London services. Stephen has worked at London Councils since 2012 and was Head of Grants and Community Services before becoming Chief Contracts Officer.
Prior to working at London Councils, Stephen worked as Managing Consultant for Greater London Enterprise, where he initiated partnerships with the Department of Work and Pensions (DWP) and 25 London boroughs, raising £44m of finance for the implementation of welfare to work strategies to assist over 12,000 into employment. He holds an MBA (distinction) from Cass Business School and specialised in strategy and finance. His interest in pension funds was sparked while studying investment management during the final year of his MBA course. 
   
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:  
   
Mike Allen  
Mike retired as Managing Director of the London Pensions Fund Authority at the end of March 2018 having originally joined the pensions section of the former GLC in 1982. During his 36 years involvement with the Local Government Pension Scheme he was involved in all aspects of fund administration helping to improve the accuracy of data, information flows and communications with members and employers. Scheme Governance, Fund Valuations, Risk Management and Investments were other areas where he played an active and influential role during his career. 
Mike was also a key player in the setup of the Local Pensions Partnership working closely with Lancashire County Pension Fund, the LPFA Management Team and the Board to achieve this, and in his role as Managing Director helped oversee the successful transition to the new arrangements.
In his career he worked closely with a number of bodies involved with the LGPS including PLSA, the Scheme Advisory Board and was a member of the CIPFA Pensions Panel.
 
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

2021 Dates

  • Tuesday, 2 March 2021                   Agenda
  • Tuesday, 25 May 2021                    Agenda
  • Wednesday, 08 September 2021
  • Tuesday, 23 November 2021


2020 Meetings

  • Thursday, 05 March 2020        Agenda
  • Thursday, 04 June 2020          Agenda
  • Tuesday, 15 September 2020   Agenda
  • Tuesday, 01 December 2020    Agenda

 

Meetings in earlier years

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 Agenda
  • Tuesday, 11 November 2019, 10.00 – 12.30 Agenda

 

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

 



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 Chief Executive Officer 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 Chief Executive Officer and LPFA Monitoring Officer. 

4. Interviews would be arranged with the Chief Executive Officer 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 Chief Executive Officer, 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.