About the Fund
Origins of the Fund
Following the 1974 Local Government reorganisation, all Council employees in the area (excluding teachers, police and fire officers) were members of the West Midlands Superannuation Fund with the former county council as administering authority. The 1986 reorganisation led to Wolverhampton Council becoming the administering authority for the Fund and local government employee pensions other than those of teachers, police and fire officers in the West Midlands.
Superannuation Committee
Responsibility for administering the Fund is delegated to the Superannuation Committee which has representatives from the district councils as the largest employers, and four trade union representatives nominated from the Joint Consultative Panel of trade union representatives from the region. The changes in responsibility for the delivery of Council services has seen a growing number of private sector firms and voluntary organisations becoming members of the Fund in respect of the workforce that delivers public services.
The management of the Fund
This is divided between two distinct activities: Investments and Member Services. These areas are the responsibility of the Director of Pensions to whom administration and investment management arrangements are delegated within approved policies, subject to the reporting of all investment transactions undertaken to the next available Committee meeting.
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