About the Hammersmith and Fulham Pension Fund

The Hammersmith and Fulham Pension Fund is part of the national Local Government Pension Scheme (LGPS)

Members of the fund comprise employees and ex-employees of the Council. In addition, the fund also has over 30 participating 'admitted body' employers including employees and ex-employees of academy schools and certain private companies that provide services on behalf of the Council.

The fund has over 14,000 current, deferred and pensioner members and its assets currently exceed £700 million.

The LGPS is a statutory scheme. This means that it is very secure because the amount members are paid in retirement is defined and set out in law. Teachers have their own national pension scheme and some Public Health staff retain access to the national NHS pension scheme.

Who runs the pension fund?

The London Borough of Hammersmith & Fulham Council manages the LBHF Pension Fund for members of the Local Government Pension Scheme (LGPS) and is known as the 'administering authority'.

Administering authorities have to administer the fund in accordance with LGPS regulations. They have to act in the interests of all employers, scheme members and their dependants within the fund.

The Council's Pension Sub-Committee is responsible for deciding the policies on how the fund is invested and is made up of elected members of the Council.

The Pension Sub-Committee also holds the remit to approve any discretionary policies permitted by the LGPS regulations although decisions on applying any discretionary policies to individual scheme members are made by the nominated officer in accordance with the policy.