About the Tower Hamlets Pension Fund

The Tower Hamlets Pension Fund is part of the national Local Government Pension Scheme (LGPS)

Members include people who work for Tower Hamlets Council, and a whole range of other organisations such as local colleges and academies, or housing associations who have applied to be part of the fund. More than twenty employers allow their employees to join the fund.

The LGPS is a statutory scheme. This means that it is very secure because the amount members are paid in retirement is defined and set out in law.

Teachers have their own pension scheme and are not part of Tower Hamlets Pension Fund.

Who runs the pension fund?

The Tower Hamlets Pension Fund is run by the London Borough of Tower Hamlets (the Council). This means that the London Borough of Tower Hamlets is the "administering authority" in the Local Government Pension Scheme Regulations.

The Council has set up the Tower Hamlets Pension Fund Board to make decisions and take responsibility for management of the fund.

Administering authorities have to act in the interests of all employers, members and their dependants within the fund. The role of the administering authority is very similar to that of a trustee.

Pensions Services at the Council look after the day to day running of the fund.