Investment governance

Joint Investment Strategy Panel

Guidance for the Pensions Committee on investment strategy is provided by a Joint Investment Strategy Panel (JISP), working in collaboration with the Falkirk Council Pension Fund and Fife Council Pension Fund. The JISP meets quarterly and includes senior fund officers from the three funds plus external investment advisers (currently Scott Jamieson and Gordon Bagot).

The Pensions Committee of each pension fund agree their own investment strategy, but delegate the implementation of strategy, including selection of investment managers, to officers. The JISP advise the pension fund administering authorities on implementation investment strategy.

The assets of Lothian Pension Fund, Falkirk Council Pension Fund and Fife Council Pension Fund remain separate.

More information on how we operate is available in our About us section which provides details of our Pensions Committee and Pension Board.