UK - The Local Authority Pension Fund Forum has brought its management and administration in-house in a bid to bolster the profile of the organisation.
Previous secretariat, PIRC, has been dropped as part of the reshuffle.
The LAPFF has appointed pension fund consultant and former City and County of Cardiff director of financial services Keith Bray to the newly-created post of forum officer to spearhead the organisation’s expansion.
Bray said: “This is an opportune time to develop the influence of local authority pension funds and the LAPFF is the perfect vehicle for this purpose.”
He added that, with government reports such as Higgs and the Company Law reviews, the LAPFF was in a much stronger position to fight for improvements in corporate governance activities than ever before.
Investment advisory panel chairman Bob Sowman – who is chairman of the West Yorkshire Pension Fund – explained: “The LAPFF is viewed as the main collective voice of local authority pension funds – as shareholders – on a wide range of company issues.
“These new arrangements demonstrate the determination of LAPFF to ensure it has the structures in place to maintain its reputation in raising the standards of corporate social responsibility and corporate governance among companies.”
The LAPFF has also appointed Wolverhampton Metropolitan Borough Council coordinating director for financial and physical resources Brian Bailey as its treasurer and West Yorkshire Pensions Fund head of pensions and investments Stuart Imeson as secretary.
PIRC will continue to provide research work on behalf of the LAPFF on a contractual basis.
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