The London Pensions Fund Authority, a UK local government pension scheme fund in the UK, has appointed Susan Martin as its new CEO. Martin has been interim CEO since August and was previously deputy CEO.
The London Pensions Fund Authority (“LPFA”), one of the largest Local Government Pension Scheme (“LGPS”) funds in the UK, is delighted to announce the appointment of Susan Martin as its new CEO. Susan has been interim CEO since August and was previously deputy CEO.
Susan has more than 20 years’ experience in senior management roles, encompassing organisational change, pensions, and mergers and acquisitions across private and public sectors, and has been with the LPFA since 2007. She will focus on delivering change at the LPFA and, should the Minister so decide, within the wider LGPS, some of whose 89 funds are facing challenging times in meeting large deficits.
Under Susan’s leadership, the LPFA will continue to focus on delivering efficiencies, such as Asset and Liability Management, to provide best value pensions administration for the good of the LPFA and all its partners, as well as on successfully delivering the LGPS 2014 and 2015 Fire schemes.
Susan Martin commented:
“This is a hugely exciting time to be leading the LPFA. Over the coming months we will pursue a strategy that puts collaboration and the sharing of skills and expertise at the heart of what we do, using our resources to help deliver improvements across the LGPS. It is only through this kind of cooperation that we can hope to solve the public sector pensions deficit crisis in the UK.”
Edi Truell, Chairman of the LPFA, commented:
“I am delighted to announce Susan’s appointment as CEO of the LPFA, which comes as we prepare for what will be a pivotal year for public sector pensions in the UK. Local Government Minster Brandon Lewis’s Call for Evidence into the future of the LGPS is a once in a generation opportunity to solve real issues and reduce deficits. Susan’s abilities as a leader, motivator and collaborator make her the ideal person to deliver positive change within the LPFA and to offer our services to help the wider LGPS.”
Susan’s appointment follows the recent release of the LPFA’s Annual Report 2013, which showed that the fund grew by £427m during 2012-13, to £4.6bn.
For more information:
London Pensions Fund Authority Cathal Dowling +44 (0)20 7369 2656
NOTES TO EDITORS
About the LPFA (www.lpfa.org.uk)
The London Pensions Fund Authority (LPFA) administers a £4.63bn pension fund providing Local Government Pension Scheme benefits to almost 20,000 employees of 200 not for profit organisations and around 40,000 pensioners, many of whom used to work for the Greater London Council and the Inner London Education Authority.
As well as administering its own fund LPFA provides a comprehensive range of third party pension services from full administration and pensions payroll to staff placement, data cleanse projects, pension websites and benefit statements.
In total, the LPFA runs pensions for some ¼ million people.