About the Fund
The Fund was established in 1974 by Strathclyde Regional Council and transferred to Glasgow City Council on 1st April 1996. The Fund is a pool into which employees’ and employers’ contributions and investment income are paid, and from which pensions and other lump sum benefits are paid out to Local Government Pension Scheme members. The Fund’s investments are externally managed in accordance with the Local Government Pension Scheme (Scotland) (Management and Investment of Funds) regulations 2010. All pension benefits are paid in accordance with the Local Government Pension Scheme (Benefits, Membership and Contributions) (Scotland) regulations 2008.
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STRATHCLYDE PENSION FUND ANNUAL REPORT 2011
Our values • • • •
accuracy, accessibility and speed of response people, participation and partnership proactiveness, initiative and innovation transparency, accountability and value for money
Our objectives • to deliver a professional, high quality service through having highly skilled, motivated and empowered staff • to be fully accountable to all stakeholders for the governance of the fund and for scheme administration • to achieve 100% accuracy of our member database in partnership with all our stakeholders