London Borough of Croydon Pension Fund
The London Borough of Croydon Pension Fund administers the local constituent of the national Local Government Pension Scheme, providing statutory defined benefit CARE pensions to Croydon Council employees, school support staff, admitted body staff, and colleges and academies in Croydon.
- Company typePrivate
- Founded2021
- Headquarters—
- Headcount51–100
- GTM typeB2C
- OfferingServices
What London Borough of Croydon Pension Fund does
The London Borough of Croydon Pension Fund is the local administering authority for the statutory Local Government Pension Scheme (LGPS) covering Croydon Council employees, support staff in local schools, staff at outsourced companies admitted as Admitted Bodies, and staff at participating colleges and academies in the London Borough of Croydon. The fund transitioned from a final pay scheme to a Career Average Revalued Earnings (CARE) design in 2014 and is governed by the Croydon Pension Committee, which acts as trustees, together with the Local Pension Board, with external actuarial and governance advice from Hymans Robertson LLP and investment advisory from Mercer. Benefits are defined by statute and guaranteed by government regulations; pensions are revalued annually in line with inflation and are not exposed to investment market fluctuations on the member side.
Member participation operates through payroll-deducted contributions at tiered rates from 5.5% to 12.5% of pensionable pay depending on the member's pay band, with part-time staff contributing only on actual pay. The product surface comprises the core LGPS benefit accrual, a 50/50 Section that halves both contributions and accrual while preserving full survivor and death-in-service cover, Additional Voluntary Contributions (AVCs) invested via external providers, flexible retirement from age 55 while still working, tiered ill-health retirement, and survivor benefits for spouses, civil partners, cohabiting partners, and eligible children. The McCloud Remedy/Underpin protection ensures members receive the better of CARE or final pay benefits for the transitional period April 2014 to March 2022 to address age discrimination findings.
Members access account information and annual benefit statements through the Member Self-Service portal at croydon.mypensiondetails.co.uk, supported by an LGA-hosted CARE scheme calculator for modelling additional pension purchases. Distribution is principally employer-driven auto-enrolment for staff on contracts of three months or more. The fund is not a commercial enterprise: it has no equity, no listed securities, and no traditional revenue line, with its obligations met through member and employer contributions and investment returns on the fund's assets. With effect from 11 May 2026, eligibility extends to councillors, elected mayors and deputy mayors, and London Assembly members, broadening the membership base while preserving the scheme's statutory character.
London Borough of Croydon Pension Fund firmographics
Firmographics- Name
- London Borough of Croydon Pension Fund
- Legal name
- Croydon Council Pension Fund
- Website
- https://croydonpensionscheme.org
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- The London Borough of Croydon Pension Fund administers the local constituent of the national Local Government Pension Scheme, providing statutory defined benefit CARE pensions to Croydon Council employees, school support staff, admitted body staff, and colleges and academies in Croydon.
- Ownership category
- akta.pro rank
London Borough of Croydon Pension Fund industry classification
Industry- Product category
- Public Sector Occupational Pension Scheme
- NAICS
- Pension Funds (525110), Pension Funds (52511)
- akta.pro primary industry
- Pensions & Retirement Benefits Administration (BPAIAKAA)
- akta.pro secondary industry
- Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)
Keywords
London Borough of Croydon Pension Fund business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Others
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Pay Band 1: Up to £18,400 yearly pay - 5.5% main section contribution rate |
| Subscription | Monthly | Pay Band 2: £18,401 to £29,000 yearly pay - 5.8% main section contribution rate |
| Subscription | Monthly | Pay Band 3: £29,001 to £47,300 yearly pay - 6.5% main section contribution rate |
| Subscription | Monthly | Pay Band 4: £47,301 to £59,800 yearly pay - 6.8% main section contribution rate |
| Subscription | Monthly | Pay Band 5: £59,801 to £84,000 yearly pay - 8.5% main section contribution rate |
| Subscription | Monthly | Pay Band 6: £84,001 to £119,100 yearly pay - 9.9% main section contribution rate |
| Subscription | Monthly | Pay Band 7: £119,101 to £140,400 yearly pay - 10.5% main section contribution rate |
| Subscription | Monthly | Pay Band 8: £140,401 to £210,700 yearly pay - 11.4% main section contribution rate |
| Subscription | Monthly | Pay Band 9: £210,701 or more yearly pay - 12.5% main section contribution rate |
Distribution channels1 record
Marketing channels5 records
London Borough of Croydon Pension Fund product offering
Product offeringCore offering
The London Borough of Croydon Pension Fund administers the Local Government Pension Scheme (LGPS), a statutory defined benefit Career Average Revalued Earnings (CARE) pension scheme for local government employees in the Croydon area. It provides guaranteed retirement income, survivor benefits, ill-health retirement protection, and life cover, with contributions deducted from pensionable pay via participating employers.
Product overview
The London Borough of Croydon Pension Fund operates the Local Government Pension Scheme (LGPS), a statutory defined benefit CARE pension scheme administered by Croydon Council. The core offering is the LGPS itself, which provides guaranteed retirement income, survivor benefits, and life cover. Members access their accounts through the Member Self-Service Portal. Key supplementary options include the 50/50 Section (reduced contributions), Additional Voluntary Contributions (AVCs), Flexible Retirement, Ill Health Retirement, and Survivor Benefits. Underpin Protection / McCloud Remedy addresses transitional protection for affected members. The scheme is supported by an LGA-provided CARE Calculator for modeling additional pension purchases.
Differentiator
Problem solved
Functional benefit
Products and services
- Local Government Pension Scheme (LGPS)
- Member Self-Service Portal
Companies that use London Borough of Croydon Pension Fund
Customer profileSegments4 records
Ideal customer profiles4 records
London Borough of Croydon Pension Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
London Borough of Croydon Pension Fund partnerships and signals
Strategic signalRecent moves5 records
Expansion highlights4 records
London Borough of Croydon Pension Fund competitors and assessment
Company assessmentDirect peers
- Greater Manchester Pension Fund: One of the largest LGPS administering authorities in England, covering Greater Manchester's local authority employees. Direct peer through identical statutory framework; larger scale illustrates the upper bound of what an LGPS fund can achieve via pooling arrangements.
- London Borough of Hackney Pension Fund: LGPS fund administered by Hackney Council for its own staff and outsourced Admitted Bodies. Closely comparable to Croydon in scale, member mix, and statutory scheme obligations, making it a near-perfect structural twin.
- Strathclyde Pension Fund: Scotland's largest LGPS fund administered by Glasgow City Council on behalf of multiple Scottish local authorities. Direct peer through the LGPS family of statutory defined benefit schemes, demonstrating the pooling model that English LGPS funds including Croydon could evolve toward.
- Merseyside Pension Fund: LGPS administering authority covering Merseyside councils. Comparable as another multi-employer LGPS fund operating under the same statutory framework with a similar defined benefit CARE scheme structure.
- West Yorkshire Pension Fund: Major LGPS administering authority serving West Yorkshire councils and Admitted Bodies. Direct peer under the same statutory LGPS regulations, offering a comparable product set including AVCs, survivor benefits, and a member self-service portal.
- London Borough of Lambeth Pension Fund: Another London borough-administered LGPS fund covering Lambeth Council staff and Admitted Bodies. Direct peer because it operates the same statutory LGPS framework, the same CARE scheme design, and the same auto-enrolment mechanics, differing only in geography within London.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
London Borough of Croydon Pension Fund social profiles
Digital presenceLondon Borough of Croydon Pension Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
London Borough of Croydon Pension Fund leadership team
Management profileNumber of profiles
Profiles13 records
London Borough of Croydon Pension Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
London Borough of Croydon Pension Fund M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about London Borough of Croydon Pension Fund
What does London Borough of Croydon Pension Fund do?
The London Borough of Croydon Pension Fund administers the Local Government Pension Scheme (LGPS), a statutory defined benefit Career Average Revalued Earnings (CARE) pension scheme for local government employees in the Croydon area. It provides guaranteed retirement income, survivor benefits, ill-health retirement protection, and life cover, with contributions deducted from pensionable pay via participating employers.
Is London Borough of Croydon Pension Fund a public or private company?
London Borough of Croydon Pension Fund is a private company. It is classified as state government owned and is currently operating.
When was London Borough of Croydon Pension Fund founded?
London Borough of Croydon Pension Fund was founded in 2021. It employs 51 to 100 people.
Who are London Borough of Croydon Pension Fund's main competitors?
Direct peers on record are Greater Manchester Pension Fund, London Borough of Hackney Pension Fund, Strathclyde Pension Fund, Merseyside Pension Fund, West Yorkshire Pension Fund and London Borough of Lambeth Pension Fund.
Does London Borough of Croydon Pension Fund have an API?
No public API is recorded for London Borough of Croydon Pension Fund.
What industry is London Borough of Croydon Pension Fund in?
London Borough of Croydon Pension Fund's product category is Public Sector Occupational Pension Scheme. Its primary akta.pro industry code is BPAIAKAA, Pensions & Retirement Benefits Administration, with a secondary code of FSAAAGAA, Corporate & Public Pension Funds (DB/DC Sponsors). Its NAICS code is 525110.