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London Pensions Fund Authority Adds New Local Pension Board Members

The London Pensions Fund Authority (LPFA) has completed the process of appointing three new members to its Local Pension Board, effective from 5 June, 2021. 

Jasbir Sandhu has replaced Frank Smith, who retired on 4 June 2021. Sandhu is a Chartered Accountant (FCPFA) and the Chief Finance Officer at Old Oak and Park Royal Development Corporation, a functional body of the Greater London Authority. Her background is in Local Government, specifically in Finance, Governance, Risk and Assurance. Alongside her senior management experience, she has previously held non-executive positions and is currently a Trustee at Solace Women’s Aid, where she Chairs the Finance and Resources Committee.

Stephen Boon has replaced Adrian Bloomfield who retired on 24 January 2021. Boon is Chief Contracts Officer at London Councils and is the commercial lead for transport and mobility. His responsibilities include negotiation of the c.£350mn per annum Freedom Pass concessionary fares scheme with TfL, the Rail Delivery Group and non-TfL bus operators, as well as leading on the contract management of a number of pan-London services. Boon has worked at London Councils since 2012 and was Head of Grants and Community Services before becoming Chief Contracts Officer. Prior to working at London Councils, he worked as Managing Consultant for Greater London Enterprise, where he initiated partnerships with the Department of Work and Pensions (DWP) and 25 London boroughs, raising £44mn of finance for the implementation of welfare to work strategies to assist over 12,000 into employment.

Mike Allen has replaced Peter Scales, who retired on 4th June 2021. Allen retired as Managing Director of the London Pensions Fund Authority at the end of March 2018, having originally joined the pensions section of the former GLC in 1982. During his 36 years involvement with the Local Government Pension Scheme, he was involved in all aspects of fund administration helping to improve the accuracy of data, information flows and communications with members and employers. Scheme Governance, Fund Valuations, Risk Management and Investments were other areas where he played an active and influential role during his career. Allen was also a key player in the setup of the Local Pensions Partnership.

William Bourne, Independent Chair of the Local Pension Board, said:

“We had an encouragingly strong slate of candidates for these three roles, and I am delighted to welcome Stephen, Jasbir, and Mike to the Board. I have every confidence they will add value to our discussions and contribute to the future smooth running of the LPFA.”

Robert Branagh, CEO of LPFA, added:

“I’m delighted to welcome Jasbir, Stephen and Mike to the Local Pension Board. Each has a wealth of experience which will be invaluable to the LPFA as we continue to provide the best service for our members, employers and wider stakeholders. I would also like to use this opportunity to sincerely thank Adrian, Frank and Peter for their years of service and commitment to the Local Pension Board and wish them every success with their future endeavours.”

The Local Pension Board is chaired by William Bourne and assists the LPFA in complying with Local Government Pension Scheme and other regulations, supporting the LPFA’s Board in reviewing compliance, administrative and governance matters.

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