The Westminster Council Pension Fund Committee convened to interview shortlisted candidates for the position of Independent Investment Advisor to the Pension Fund. Following the interviews, the committee voted to appoint Kristen Weldon to the position.

Appointment of Independent Investment Advisor

The Pension Fund Committee interviewed candidates for the role of Independent Investment Advisor and subsequently appointed Kristen Weldon to the position. The report presented to the committee outlined the importance of the role, stating that:

The advisor will play a critical part in overseeing the transition of the Fund’s remaining non-pooled assets to the London Collective Investment Vehicle (LCIV), and demonstrate that the process is aligned with the government's ambitious timetable.

The report also noted that the successful candidate should possess:

proven experience in pension fund management, with a strong background in overseeing large-scale asset transitions, particularly those involving the LCIV. Knowledge of governance, risk management, and compliance within institutional investment settings is crucial.

The Independent Investment Advisor will work alongside the fund’s existing consultant and officers, and will attend meetings to advise on market developments and their potential impact on the fund.