About the Fund

The issues or challenges facing the Fund

• The affordability of the LGPS which has various elements:
  • Delivering the investment strategy and returns over time that ease the pressure on funding levels;
  • Responding to legislation changes in benefits awarded;
  • Monitoring and increasing the membership of the Fund;
  • Communicating the issues to interested parties.
• Demonstrating value for money;
• Demonstrating good governance in terms of the arrangements for managing the LGPS in the West Midlands, the individual investment holdings and the decision-making process;
• Responding to the expectations arising from Government, the public, interested groups, etc around:
  • Corporate company behaviour of the Fund’s investments;
  • Sustainability;
  • Social responsibility;
  • Demand for communication and access to information;
  • Need for public organisations to demonstrate their ability and worth;
• Responding to changes in regulation both in investments and administration activities.

The Fund’s activities are delivered through the following business units:

The image above shows how the Fund’s activities are delivered through the following business units:

• Support Services (the hub)
• Director of Pensions
• Chief Pension Services Manager - Operations
• Head of Communications and Marketing
• Head of Financial Control and Support Services
• Chief Investment Officer

The image shows that each unit is linked and each is linked to Support Services.