London Pensions Fund Authority - Board Members
Vacancy Description
Job reference number: LPFA2017
Contract type: Fixed Term
Closing date: Sunday 19 March 2017 at 23:59 GMT
Interview dates: Monday 24 – Wednesday 26 April 2017
Salary: £12,000 per annum
Grade: Board Member

The Mayor of London is inviting applications for the London Pensions Fund Authority (LPFA) Board. 

The London Pensions Fund Authority (LPFA) is the biggest local government pension scheme (LGPS) provider in London and one of the largest in the UK. It serves over 300 ‘not for profit’ employers, with over a quarter of a million members and manages assets of some £5.1billion.

The authority is at the forefront of delivering a more efficient LGPS, most notably through its partnership with Lancashire County Pension Fund. The Mayor expects the LPFA, with Lancashire, to develop the Local Pensions Partnership (LPP) into the leading LGPS pool being set up to make the LGPS more efficient.

The LPFA's central purpose is to pay scheme members' pensions as they fall due and the Authority is currently renowned for exceptional service to members and their employers. The Mayor expects the Board to ensure that this performance is maintained by the LPP. 

Further, Board Members need to ensure that the LPFA’s core responsibilities, such as setting employer contributions and strategic asset allocation, are fully and appropriately discharged. In order to achieve this, the LPFA will need to act as a robust shareholder in overseeing the LPP, ensuring that it operates efficiently and maintains an undiluted focus on the public interest.

he Mayor is seeking to recruit additional Board Members with knowledge and experience of either:

1)  Environmental Social and Corporate Governance issues in a pension fund, with a strong commitment to delivering divestment from fossil fuels; or

2) strategic and sustainable infrastructure investment by pension funds, with a breadth of experience across all forms of infrastructure investment.

A background in communications, legal, finance, performance management or pensions/actuarial would be an added advantage.

This is a high-profile opportunity to help drive the Mayor’s pensions policies and help deliver value for money for London.  Length of appointments are to up to 4 years.

For information on the role of Board Members and application criteria see the Application Pack. Further information on the LPFA can be found at www.lpfa.org.uk  

London's diversity is its biggest asset and we strive to reflect London's diversity in all Board appointments. The aim is that the LPFA reflects London’s diversity so we welcome applications from all sections of the community, regardless of age, gender, ethnicity, sexual orientation, faith or disability.

How to Apply
Please read our Application Pack.

Candidates are invited to apply by submitting a CV and covering letter (of no more than 4 sides).  The CV should include details of employment, public appointments, qualifications history and the name and contact details of two referees willing to provide a reference. It should also include any relevant information regarding your eligibility for appointment and any directorships you hold.  The covering letter should provide details of the relevant experience that equips you to serve as a Board Member of the LPFA, in particular addressing the criteria listed under the PERSON SPECIFICATION (see Application Pack).

If you have any queries around the content of this pack, please contact
David Gallie (david.gallie@london.gov.uk or 0207 983 4968) or Luke Webster (luke.webster@london.gov.uk or 0207 983 4252).

If you have any queries regarding the application process or if you require information in an alternative format, please contact Andrew Baxter (andrew.baxter@london.gov.uk or 0207 983 4079) quoting reference LPFA2017.

Application closing date:  Sunday 19 March 2017 at 23:59 GMT
Interviews will take place at: City Hall between Monday 24 and Wednesday 26 April 2017.

To apply please click the "Apply" button below.

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