The London Pensions Fund Authority has made the appointment of Susan Martin as CEO official. Martin has been interim CEO since August, and was previously deputy CEO.
Martin has been with the LPFA since 2007. A statement from the LPFA said that she will focus on delivering change at the LPFA and, should the minister so decide, within the wider Local Government Pension Scheme (LGPS), some of whose 89 funds are facing challenging times in meeting large deficits.
Edi Truell, chairman of the LPFA, said: “I am delighted to announce [Martin’s] appointment as CEO of the LPFA, which comes as we prepare for what will be a pivotal year for public sector pensions in the UK. Local government minister Brandon Lewis’s call for evidence into the future of the LGPS is a once in a generation opportunity to solve real issues and reduce deficits.”
August, and was previously deputy CEO.
Martin’s appointment follows the recent release of the LPFA’s Annual Report 2013, which showed that the fund grew by £427 million during 2012 to 2013, to £4.6 billion.
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