In this section you will find information about London Borough of Hackney's Pensions Committee, along with details of the Council's Statement of Investment Principles (SIP) and Funding Strategy Statement (FSS).

Statement of Investment Principles

Hackney Council’s Statement of Investment Principles can be viewed or downloaded.

London Borough of Hackney Pension Fund adopted the present Statement of Investment Principles in September 2008. The SIP has been updated to reflect decisions taken at the Pensions Committee meeting in September 2007.

The Local Government Pension Scheme (Management and Investment of Funds)(Amendment) Regulations 1999 require administering authorities to prepare and review from time to time a written statement recording the investment policy of the Pension Fund. This statement has been produced to indicate compliance with the 10 principles set out by the Government following the Myners review and satisfies the requirements of the regulations.

The Statement of Investment Principles will require updating from time to time. All amendments to this document must be approved by the Pensions Committee. Who are the Pensions Committee?

Funding Strategy Statement

Hackney Council’s Funding Strategy Statement can be viewed or downloaded.

The purpose of the Funding Strategy Statement (FSS) is to establish a clear and transparent fund specific strategy which will identify how employers' pension liabilities are best met in future years, to keep their contribution rates as nearly constant as possible and to take a prudent longer-term view of funding those liabilities.

The Funding Strategy Statement sets out the responsibilities of key parties to the fund, identifies risks to the fund and counter-measures and covers solvency issues and target funding levels as well as other fund strategy issues. This statutory document must be produced by all administering authorities for their admitted bodies.

Governance Policy & Compliance Statement

Hackney Council's Governance Policy & Compliance Statement can be viewed or downloaded.

The Local Government Pension scheme (Administration) Regulations 2008 – Regulation 31 and its predecessor, Regulation 73A of the LGPS Regulations 1997 (as amended), requires Local Government Pension Scheme (LGPS) Administering Authorities to publish Governance Compliance Statements. It also requires the Authority to keep the statement under review and to make revisions as appropriate and where such revisions are made to publish a revised statement.