The Pensions Board assists the London Borough of Lambeth in managing its Local Government Pension Scheme, focusing on investment management and ensuring compliance with regulations. It reviews compliance reports, governance processes, and member communications. The Board also monitors complaints, performance, and audit outcomes.
This is an advisory body that makes recommendations to the Pensions Committee and requests information. It is not responsible for making operational or investment decisions. The Board's membership comprises an equal number of employer and scheme member representatives.