LOCAL PENSION BOARD (LPB)

Changes to the LGPS governance arrangements in 2014 gave members and employers an opportunity to get more involved in the running of their individual pension funds and ensure they are run well at a local level.

The LPFA’s Local Pension Board, established in 2015, comprises a non-voting independent Chair, William Bourne, and an equal number of employer and member representatives.

Principal officer -

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 adviser to three LGPS funds, and as independent chair of the Lancashire Local 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.


Principal officer -

EMPLOYER REPRESENTATIVES

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 for Work and Pensions (DWP) and 25 London boroughs, raising £44 million of finance for the implementation of welfare-to-work strategies to assist over 12,000 individuals 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. 

Principal 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. 

Principal officer -

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.


Principal officer -

Amy Sweeting

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). 

Principal officer -

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. 

Principal officer -

Jenny Lo

Jenny 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 Inner London Education Authority (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 and joint venture relationships, branding and 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). 

Principal officer -

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 18 years, 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 member of the LPFA’s Local Pension Board 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 presentation 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. 

Principal officer -

James Cherry 

James has spent over two decades working in the pensions industry, beginning with eight years working for the LPFA where he serviced the London Fire Brigade and City of Westminster members. The majority of his career has been spent working in the private sector for in-house pension schemes. James now works for an investment company where he oversees the retirement and protected benefit processes for over 500 defined contribution workplace schemes. James holds a number of pension qualifications covering various aspects of the industry including Retirement Provisions and Providing for Retirement, both from Pensions Management Institute (PMI), FA2 certificate in pension provision from Chartered Insurance Institute (CII), and Advanced Diploma in Pensions Management from Chartered Institute of Payroll Professionals (CIPP).

The LPB supports the LPFA Board’s activities, reviewing and commenting on policies to assist the Authority’s compliance with the LGPS and other relevant legislation or regulations.

The LPB representatives meet at least four times a year and receive regular training to ensure that, as an LPB, they satisfy statutory requirements for knowledge and understanding. They are not paid for their work, but they are reimbursed for out-of-pocket expenses. They have specific duties set out in their terms of reference, as well as acting as an advisory body to provide a general employer or member view on the Fund administration. The LPB are invaluable in driving better engagement, communications and improving our member or employer experience.

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

The Local Pension Board has an independent Chair and an equal number of employer and member representatives.

The Local Pension Board Terms of Reference can be found in the LPFA’s Constitutional Document. A copy is published in our Library (under ‘Our policies & procedures’) and can be found here.

LPB meeting dates for 2021

Tuesday, 2 March 2021
Agenda
Tuesday, 25 May 2021
Agenda
Wednesday, 8 September 2021

Tuesday, 23 November 2021


2020 meetings

5 March 2020
Agenda
Minutes
4 June 2020
Agenda
Minutes
15 September 2020
Agenda
Minutes
1 December 2020
Agenda
Minutes


2019 meetings

6 March 2019
Agenda
Minutes
5 June 2019
Agenda
Minutes
19 September 2019
Agenda
Minutes
26 November 2019
Agenda
Minutes


2018 meetings

6 March 2018
Agenda
Minutes
11 June 2018
Agenda
Minutes
19 September 2018
Agenda
Minutes
5 December 2018
Agenda
Minutes

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