Section 151 Officer

The Section 151 officer carries out the role as described in the CIPFA statement on role of Section 151 Officer and is the statutory officer responsible for the Pension Fund.

 

Head of Fund

The Head of the Pension Fund leads and delivers the strategy for the Lancashire Pension Fund. It manages the pension fund itself, and the administration of the pension scheme. The Head of Fund is accountable to the Pension Fund Committee and the Local Pension Board and is responsible for all aspects of the financial and investment management of the fund, including asset pooling strategy and management of the Local Pensions Partnership Limited.

 

Special Projects Pensions Lead

Lead officer on the implementation of regulatory, legislative and other pension change projects within the Lancashire County Pension Fund. Supports the Head of Fund in the oversight and management of Local Pensions Partnership Limited.

 

Funding & Employer Risk Lead

Lead officer role responsible for employer matters in the Lancashire County Pension Fund, including admissions and exits from the Fund, monitoring of employer covenant, and ensuring that employer obligations are met.

Also responsible for all funding matters and supports the Fund actuary in the 3-yearly valuation.

 

Technical & Administration Pensions Lead

Acts as a lead officer providing support and advice to the Council in respect of its administering authority and employing authority responsibilities relating to the Local Government Pension Scheme, ensuring that the Lancashire County Pension Fund and the Council operate within the relevant legislative, regulatory and discretionary requirements.

Also acts as the Appeals Officer for stage 2 appeals under the Internal Disputes Resolution Procedure for the Lancashire County Pension Fund.

 

Senior Technical Pensions Officer

Supports the Technical & Administration Pensions Lead to advise upon and interpret changes to statutory and contractual obligations relating to the Local Government Pension Scheme, including Lancashire County Pension Fund and Lancashire County Council policy issues.

Also supports the Funding & Employer Risk Lead in the full range of employer risk services including leading on admitting new employers into the Pension Fund.

 

Governance Lead

Lead Officer on all matters related to Governance, Communications, Risk Management and Responsible Investment of the Lancashire County Pension Fund.

Provides support to the Head of Fund in ensuring that the Pension Fund Committee and Local Pension Board can effectively fulfil their regulatory roles.

 

Senior Governance Officer

Supports Governance Lead officer in all aspects of fund governance.

Responsible for maintaining the Fund risk register and collaborating with third party service providers in ensuring there are adequate internal controls to deliver services and having direct input in supporting the delivery of the communications strategy.

 

Finance Lead

Lead officer responsible for the accounting function of the Fund including budget, finance reporting and advice. The Finance Lead role also produces the annual report and accounts for the Fund.

 

Assistant Accountant

Supports the Finance Lead officer in all finance related matters and is responsible for the collection of monthly pension contributions and review and pay of supplier invoices.

 

Finance Assistant

The Finance Assistant supports both the Assistant Accountant and Finance Lead in all finance related matters with a focus on the collection of monthly pension contributions and review and pay of supplier invoices.