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About the Role

This non-voting position provides independent strategic advice, support, and constructive challenge to the Pension Fund Committee, Senior Officer, and asset pool. The role strengthens the Fund's governance by scrutinizing advice and recommendations, ensuring alignment with statutory guidance, and supporting the development and review of key Fund strategies, policies, and governance documents. It is comparable to a Non-Executive Director or Professional Trustee.

Responsibilities

Support and contribute to the development of all strategies for which the Pensions Committee is responsible.
Scrutinize any advice given to the Committee, whether from the pool or any other organisation or individual.
Help monitor and assess performance against targets set in LGPS strategies, including administrative performance and the London CIV’s implementation of the investment strategy.
Help monitor whether the collective pool oversight process is meeting the requirements of the administering authority.
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.
Contribute in any other way appropriate to the authority’s LGPS functions.
Oversee the administering authority's position as both shareholder and client of its asset pooling company, London CIV.
Support the monitoring of the asset pool’s implementation of the Fund’s investment strategy.

Requirements

Bring significant pensions experience and expertise.
Possess an understanding of the challenges and opportunities facing the LGPS.
Hold a relevant qualification from the Pensions Management Institute (PMI), or be a member of and accredited by the Association of Professional Pension Trustees (APPT), or demonstrate extensive knowledge and experience within the LGPS environment.
CV and supporting statement must clearly evidence how you meet the shortlisting criteria on the personal specification marked “A” for application.
Remove personal details when uploading CV or personal statement for anonymised application process.
Required to undertake a Cifas check.

Skills

Independent strategic advice
Support
Constructive challenge
Independent scrutiny
Performance monitoring
Governance review
Shareholder oversight
Client oversight
Investment strategy monitoring

Location

South London

Work Type

3 Years Fixed Term Contract
Part-time
3.5hr per week
15 days per year

Experience Level

Significant pensions experience and expertise

Education Level

Relevant qualification from the Pensions Management Institute (PMI)
Member of and accredited by the Association of Professional Pension Trustees (APPT)
Extensive knowledge and experience within the LGPS environment

Benefits

Lambeth Staff Benefits

About the Company

Lambeth Borough is a vibrant community of over 317,600 residents, the 9th largest borough in London.
The London Borough of Lambeth is the Administering Authority for the Lambeth Pension Fund, which is part of the Local Government Pension Scheme (LGPS).
Lambeth Council has bold ambitions for the future of Lambeth’s communities and residents through its Lambeth 2030 Plan ‘Our Future, Our Lambeth.’

Equal Opportunity

Dedicated to providing quality services and equal opportunities for all.
Committed to safer recruitment.
Proud to be a Stonewall diversity champion.
Proud to be a Living Wage Employer.
Guarantee interviews for all disabled candidates who meet the minimum criteria of the role.