The Pensions Committee is responsible for setting the Fund’s investment strategy, and it monitors and reviews investment arrangements regularly. The implementation of the investment strategy, including the selection of investment managers, is delegated to officers of Lothian Pension Fund.
The Fund collaborates with Falkirk Council Pension Fund and Fife Council Pension Fund by participating in a Joint Investment Forum (JIF) to support investment decision-making. Meetings of the JIF take place quarterly and are attended by external investment advisers, and representatives from each participating Fund, who receive advice and discuss investment issues common to the three Funds. The JIF enables the Funds to share expertise and resources and to align investment approaches where appropriate, with the aim of implementing investment strategy in the most effective way.
More information on how the Fund operates is available in our About Us section which provides details of the Pensions Committee and Pension Board.