Who runs the pension fund

Surrey County Council manages the Surrey Pension Fund for members of the Local Government Pension Scheme (LGPS) and is known as the 'administering authority'.

Administering authorities have to administer the fund in accordance with the LGPS regulations.  Pension Services, based at County Hall are responsible for the day to day running of the fund.

A Pension Fund Committee is responsible for advising how the fund is invested and on the administration of the fund. This is made up of elected members of the county, district and borough councils and representatives from trade unions and expert advisers.

A Local Pension Board assists the Pension Fund Committee in ensuring it exercises its responsibilities lawfully and in compliance with the LGPS Regulations. This is made up of an equal number of employer and member representatives.

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