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Governance

How the Fund operates

The City of Wolverhampton Council is the administering authority for the West Midlands Pension Fund under the Local Government Pension Scheme (LGPS). The LGPS is established by statute and its purpose is to provide death and retirement benefits for all eligible employees.

The Fund is not a legal body in its own right, and all contracts and assets are held in the name of the City of Wolverhampton Council who became the administering authority under the Local Government Act 1985.

The Fund covers the seven districts in the West Midlands...

  • Wolverhampton
  • Birmingham
  • Sandwell
  • Dudley
  • Solihull
  • Coventry
  • Walsall

...together with numerous other public sector employers. A full list of the employers within the Fund is contained within the Fund's annual report, available on request.

The City of Wolverhampton Council delegates responsibility for the administration and management of the Fund to the Pensions Committee which comprises 20 trustees (ten City of Wolverhampton Council members, one elected member from each of the six district councils and four (non-voting) trade union representatives), together with 12 Pensions Board members and 115 full-time equivalent staff.

The Managing Director of the City of Wolverhampton Council, who is also the Head of Paid Service, delegates certain responsibilities to the Strategic Director of Pensions who, in turn, delegates to officers.

To assist in its role, the Pensions Committee has delegated responsibility for investment specific decisions to the Investment Advisory Sub-Committee which has oversight of the implementation of the management arrangements for the Fund's assets and comprises of representatives from the seven district councils and two local trade unions.

In addition, the Fund has the statutory local Pensions Board whose role is to assist in the good governance of the scheme by ensuring compliance with statutory and regulatory duty; they have no decision-making powers. The local Pensions Board consists of an equal number of employer and member representatives.

All meet together as the Fund, which has ultimately responsibility for decision-making.

More information about these bodies can be found on the links to the left of the page.

Customer feedback

The West Midlands Pension Fund welcomes all feedback from our members and stakeholders about their experience with the Fund. We recognise that as the users of the service, you are best placed to provide feedback on the services we provide.

The Fund has adopted a feedback policy, as well as a customer engagement strategy which includes the Fund's customer journey mapping program. If you are interested in participating in these sessions, please contact wmpfmemberservices@wolverhampton.gov.uk

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