The London Pensions Fund Authority (LPFA) has named Susan Martin as its new chief executive.
Martin (pictured) joined the LPFA in April 2007 as director of organisational development and was promoted to deputy chief executive in 2011 before becoming interim chief executive after Mike Taylor retired from the position in August 2013.
She will focus on delivering change at the LPFA and within the wider Local Government Pension Scheme (LGPS), should Local Government Minister Brandon Lewis so decide as a result of his Call for Evidence into the future of the LGPS.
The Call for Evidence came about after Lord Hutton’s review of public sector pensions, published in March 2011, identified “inconsistent standards of governance across schemes”. The Local Government Association (LGA) and Department for Communities and Local Government (DCLG) subsequently identified a number of high level and secondary objectives for structural reform of the LGPS, including how to deal with deficits, improve investment returns, reduce investment fees and provide more in-house investment resource.
The Call for Evidence closed on 27 September 2013, but the DCLG is yet to publish its findings.
LPFA chairman Edi Truell said: “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.”
Martin added: “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.”
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