Pension Fund and Finance
Local Pension Committee
The Local Pension Committee is responsible for the governance of the Leicestershire County Council Pension Fund, which includes setting policies to be included in the following statutory documents:
Policy documents:
Fund Training Policy - June 2024
Fund Cyber Policy - March 2025
Conflict of Interest Policy - March 2025
Fund Employer Risk Policy - March 2024
Overpayment of Pension Policy - March 2024
Distribution of Death Grant Policy - January 2022
Administering Authority (Fund) Discretions - March 2024
Complaint Process - March 2025
Reporting Breaches of the Law - March 2025
Fund and Pensions Team plans:
Investment Advisor Objectives - November 2024
Responsible Investment Plan - January 2024
Administration and Communication Strategy - March 2025
Pension Fund Budget and Business Plan - March 2024
Pensions Administration Business Plan (Appendix A to Budget and Business Plan) - March 2024
Investments Business Plan (Appendix B to Budget and Business Plan) - March 2024
The committee is also responsible for setting the overall strategic investment policy of the Fund at its Annual Strategy Meeting in January, some of the more detailed elements of the implementation of this policy are dealt with by the Investment Subcommittee which is a smaller sub-set of the membership of the Committee.
You can view meetings, agendas and membership of the Local Pension Committee on the County Council website.
Local Pension Committee Terms of Reference
Local Pension Board
The Local Pension Board was introduced on 1 April 2014 and is responsible in assisting the scheme manager (also known as the administering authority) in securing compliance with the Local Government Pension Scheme regulations, other pension legislation and the requirements of The Pensions Regulator. The Board produces an Annual Report on its work, the latest of which is available via the link below:
Local Pension Board Annual Report 2024
Local Pension Board Annual Report 2023
Local Pension Board Terms of Reference
The Local Pension Board is made up equally from employer and employee representatives. You can view meetings, agenda and membership on the County Council website.
LGPS Central Pool
Leicestershire County Council Pension Fund is one of nine Midlands-based Local Government Funds pooled together under a centrally managed arrangement called ‘LGPS Central’. Partner funds retain their separate identities and local accountability within the collaboration.
Q&A on investment pooling for employers
Q&A on investment pooling for members
Pension Fund Annual Reports
Pension Fund Annual Report - March 2024
Pension Fund Annual Report - March 2023
Pension Fund Annual Report - November 2022
Pension Fund Annual Report - November 2021
Appendix to Pension Fund Annual Report - November 2021
Pension Fund Annual Report - December 2020
Appendix of Pension Fund Annual Report 2020
Pension Fund Annual Report 2018
Valuation Reports
Pension Fund Funding Strategy Statement - February 2023
Pension Fund Investment Strategy Statement - March 2025
Fund Valuation Report March 2022
Fund Valuation 2022 Glossary of Terms
Fund Valuation Report - March 2019
Further information on the Governance of the Fund can be Found within the Fund’s Annual Report.
Pension Fund Annual General Meeting (AGM)
The Annual Meeting of the Pension Fund Local Pension Committee was held on 12th December 2022. Full details of the meeting, including a video recording can be found on the County Council website.
Pension Fund Annual Meeting 2022 presentation
Previous AGM Meetings
Summary of Pension Fund AGM December 2021
Summary of Pension Fund AGM December 2020
Summary of Pension Fund AGM November 2019
Summary of Pension Fund AGM January 2019
Participating Employers
There are over 200 employing bodies within the Leicestershire Pension Fund, including all local authorities within the County and many other employers who carry out functions which have, in the past, been a function of a local authority.
The following document contains a list of all of the current employers who are participating in the Leicestershire Local Government Pension Scheme: