London Borough of Barnet

Local Government Pension Scheme

This page is no longer active. Barnet Pension Service administration has been transferred to Capita Employee Benefits, Darlington. Capita will be communicating with all scheme members in due course.

Important news update: changes to the LGPS scheme will be introduced from 2014.

Further details can be obtained from: 

www.lgps2014.org

New Employee Pay Bandings 2013/2014: Full details of the new pay banding for employees' pension contribution rate for the period 1 April 2013 - 31 March 2014.

Pension forms

Local government pension scheme (LGPS) guide and links

For a complete working copy of the regulations visit The Timeline Regulations.

Additional voluntary contributions - Prudential

http://www.pru.co.uk/content/schemes/localgovavc/

Online member self service:-

Barnet's Pension Service administration has been transferred to Capita Employee Benefits, Darlington. This online member self service is no longer available. Capita will be communicating with all scheme members in due course.

Pensions increase 2013

Pensions are increased annually in line with increase in prices (the consumer prices index). The increase from 8 April 2013 is 2.2 per cent. Any pension which has been in payment for less than a year will be increased by a proportionate amount depending upon the number of months it has been in payment.

If you have a Guaranteed Minimum Pension (GMP) some of the increase will be paid within your state pension.

More details on pensions increase can be found at: Pensions Increase

Pensions internal dispute resoloution procedure

Please see this page for information

Pension fund valuation reports

Pension fund annual report

Each year the London Borough of Barnet Pension Fund is required to produce an Annual Report including a statement of accounts. This document has been subject to an external audit to ensure the accuracy of the contents and compliance with statutory requirements and proper accounting practices

Statement of investment principles

Statement of Investment Principles Oct 2010

The Statement of Investment Principles governs decisions relating to the investment of assets of the London Borough of Barnet Pension Fund. Prior to adopting these principles, due consideration was given to the professionalism of the fund's investment consultants and the results of the latest actuarial triennial valuation.

The fund's investment responsibilities are prescribed by the Local Government Pension Scheme (Management and Investment of Funds) Regulations 1998 and any amendments thereto (The Regulations). A copy of the Regulations is available for inspection on request.

The statement is a living document, reviewed at least annually to ensure it accurately reflects any changes to the fund's investment arrangements.

Funding strategy statement

The Funding Strategy Statement forms part of a framework which includes:

  • the Local Government Pension Scheme Regulations 1997
  • the Rates and Adjustments Certificate, which can be found appended to the Fund actuary's triennial valuation report
  • actuarial factors for valuing early retirement costs and the cost of buying extra service
  • the Statement of Investment Principles.

This is the framework within which the fund's actuary carries out triennial valuations to set employers' contributions and provides recommendations to the administrating authority when other funding decisions are required, such as when employers join or leave the fund.

The Funding Strategy Statement applies to all employers participating in the fund.

Pension Fund Governance and Communication Arrangements

Pension fund governance and communication arrangements - Statutory Instrument 2005/3199 requires local authorities to publish these arrangements by 1 April 2006.

Pensions Office

Address:
North London Business Park (NLBP)
Oakleigh Road South
London N11 1NP

Tel: 020 8359 7886

Fax: 0870 8896817