Pensions

How your pension fund is invested and managed - the future of LGPS governance

Collectively the LGPS is the largest pension fund in the UK worth billions of pounds. How our members' money is invested and how it is managed is crucial to delivering the pension benefits to UNISON members. Trade union representatives on LGPS funds are crucial to make sure the benefits are delivered and the funds are secure and well managed.

What is LGPS Governance?

How your pension funds are invested and managed are all part of the governance process.

Governance of pension funds such as the LGPS would include the following:

  • The hiring of fund managers and advisors
  • Decisions on asset allocation - i.e. whether to invest in shares/bonds/property/cash/venture capital
  • Developing a 'statement of investment principle' and making sure that the principle is carried out
  • Deciding on a programme of socially responsible investments
  • Voting shares at company Annual General Meetings
  • Making sure that the assets of the fund can meet obligation of paying pensions

Who controls your pension?

LGPS Governance National Branch Seminar

Listen to other UNISON members views about why its important to join the LGPS Governance campaign.

Latest documents

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Template response for branches

2 November 2007
Branches are asked to use this document to respond to statutory consultation on draft 'best practice' guidance for the governance of the local government pension scheme
Link to a PDF document on this siteTemplate response for branches
 

LGPS governance and trade union representation

24 October 2007
Statutory consultation is underway on draft 'best practice' guidance for the governance of the local government pension scheme in England and Wales. Branches are urged to respond before the 9 November deadline
Link to a PDF document on this siteUNISON information for branches [PDF]
Link to a PDF document on this siteLetter from DCLG [PDF]
Link to a PDF document on this siteDCLG draft guidance [PDF]
 

Governance negotiations

5 April 2007

Link to a PDF document on this site Governance of the LGPS - March 2007 briefing - PDF
Link to a PDF document on this site Trades unions and pension funds - The case for joint programme for trustee organisation - PDF
Link to a XSL document on this siteUNISON Submission to DCLG - LGPS Governance - Representation on Investment Data as of 16/3/07 - XLS
 

DCLG governance consultation

4 September 2006

Link to a PDF document on this siteDCLG governance: a UNISON briefing paper - PDF
Link to a PDF document on this siteUNISON summary of the DCLG research findings and recommendations - PDF
 

LGPS governance - representing union members on pension funds

25 August 2006

Link to a PDF document on this siteUNISON briefing paper
Link to a PDF document on this siteDCLG consultation paper
Link to a PDF document on this siteDCLG consultation - Annex A
Link to a PDF document on this siteDCLG consultation - Annex B
Link to a PDF document on this siteUNISON and LGPS governance
 
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Contact details
• The lead officer for the LGPS Governance campaign is Colin Meech.
• UNISON LGPS Governance, 1 Mabledon Place, London WC1H 9AJ
• Email: c.meech@unison.co.uk