The London and Lancashire Pensions Partnership (LLPP) will pool LCPF and LPFA assets, jointly manage the liabilities of the two administering authorities and offer pension fund management as a fully-fledged pension service organization. Crucially, it will allow both Funds to maintain their local accountability with LCPF Pension Committee and LPFA Board maintaining control of key strategic decisions.
Speaking about the appointment, LPFA Chairman, Sir Merrick Cockell, said:
“Michael is highly respected in the public and private sectors as well as academia. His experience is invaluable as we develop this unique and ground-breaking partnership and we look forward to working with him. To have a person of Michael’s calibre chairing the partnership is a real testament to what we are trying to achieve. He has had a distinguished career spanning the academic, private and public sectors. He has a wealth of knowledge about the UK pension sector following his time as Chairman of the Pensions Regulator, serving two terms as a Non-Executive of HM Treasury and writing extensively on pension reform during his academic career.”
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