London Borough Of Southwark

What London Borough Of Southwark does

The London Borough of Southwark Pension Fund is a statutory public sector pension scheme administered under the Local Government Pension Scheme (LGPS) Regulations 2013. The fund's legal administering authority is Southwark Council, with Southwark Pension Services acting as the outsourced operational administrator since at least April 2019, handling day-to-day member records, benefit calculations, contributions processing, and employer liaison. The fund provides retirement, death, and ill-health benefits to three member cohorts: active scheme members (employees of Southwark Council and scheme employers), deferred members (former employees retaining benefits), and pensioners (retired members in payment). Scheme participation is governed entirely by UK statute, with employer and employee contribution rates set by LGPS Regulations and the triennial actuarial valuation; there are no commercial pricing tiers and no revenue model in the conventional sense.

The fund's product surface centers on the My Pension Portal (mypensions.southwarkpensions.co.uk), a 24/7 self-service application enabling members to view membership details, contributions, and benefits. Supporting the portal are Employer Services (guides, year-end returns, LGPS compliance tools), a Member Documents Library of forms and factsheets, and free Training Courses for employer HR/payroll staff. The public website is built on the Umbraco CMS, and the only disclosed third-party integration is Google Analytics for traffic measurement. The fund operates under multi-layered governance: a Pensions Committee with delegated fund-management responsibility, a Local Pension Board with equal employer and member representation, the Pensions Advisory Panel, and oversight from The Pensions Regulator under Code of Practice No. 14 (effective April 2015). External audit is provided by Grant Thornton UK LLP.

The fund serves approximately 50 scheme employers, predominantly local authority schools, academies, and council departments within the London Borough of Southwark, and operates exclusively in the United Kingdom. There are no M&A activities, funding rounds, subsidiaries, patents, or proprietary technology assets disclosed; the entity is wholly owned and governed through Southwark Council under statutory LGPS framework. Recent strategic activity is governance- and compliance-led, including the 2025 Actuarial Valuation Report, a refreshed Funding Strategy Statement, the 2024-2025 Investment Strategy, the March 2026 Responsible Investment Policy refresh, and a UK Stewardship Code 2025 application, with no evidence of geographic or vertical expansion outside the borough.

Name

London Borough Of Southwark

Legal name

Southwark Council

Website

https://southwarkpensions.co.uk

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

The London Borough of Southwark Pension Fund is a statutory Local Government Pension Scheme (LGPS) fund that provides retirement, death, and ill-health benefits to employees of Southwark Council and approximately 50 affiliated scheme employers (mainly local authority schools and academies) in London, administered by Southwark Pension Services under UK statute.

Ownership category

akta.pro rank

Product category

Public Sector Pension Administration

NAICS

Pension Funds (525110), Pension Funds (52511), Insurance and Employee Benefit Funds (5251), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

akta.pro primary industry

Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)

akta.pro secondary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

Keywords

• Public sector pensions
• Pension fund administration
• Local government pension scheme
• Retirement benefits management
• Pension governance services

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others, Infrastructure

Distribution channels2 records

Marketing channels6 records

Core offering

The London Borough of Southwark Pension Fund administers the Local Government Pension Scheme (LGPS) for active employees, deferred members, and pensioners of the London Borough of Southwark and approximately 50 affiliated scheme employers (mainly local authority schools and academies). It delivers statutory retirement, death, and ill-health benefits through a member self-service portal, employer liaison, benefit calculations, contributions processing, and investment oversight, all governed under LGPS Regulations with oversight from a Pensions Committee and Local Pension Board.

Product overview

The London Borough of Southwark Pension Fund operates as a unified pension administration service for the Local Government Pension Scheme (LGPS). The primary product is the My Pension Portal, a member self-service web application enabling active members, deferred members, and pensioners to access and manage their pension information. Supporting this core portal are Employer Services providing administrative tools and guidance for scheme employers, a comprehensive Member Documents Library containing downloadable forms, factsheets and presentations, and Training Courses for employer staff and members. The service encompasses full pension fund administration including benefit calculations, contributions management, investment oversight, responsible investment reporting, and compliance with LGPS regulations. The website is built on the Umbraco content management system.

Differentiator

Problem solved

Functional benefit

Products and services

• My Pension Portal Member self-service web portal allowing active, deferred, and pensioner members of the Southwark Pension Fund to access pension information, view membership details, review contributions and benefits, and manage their pension accounts online 24/7.
• Employer Services Administration services and guidance hub for the approximately 50 scheme employers (mainly local authority schools, maintained schools, and academies) participating in the Southwark Pension Fund, covering employer responsibilities, guides, year-end returns, training courses, and compliance with LGPS Regulations.
• Southwark Pension Fund Administration Core pension fund management and administration for the Local Government Pension Scheme (LGPS), covering active members, deferred members, and pensioners. Encompasses benefit calculations, contributions management, investment oversight, responsible investment reporting, and regulatory compliance under LGPS Regulations 2013.
• Training Courses Free structured training and educational resources delivered on an ongoing basis to new scheme employers and HR/payroll staff, covering pension administration, LGPS regulations, employer responsibilities, automatic enrolment, McCloud judgement implications, and retirement planning topics.

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• Southwark Pension ServicescoreImplementation/ SI/ Consulting Partner · 1 April 2019Southwark Pension Services is the outsourced operational administrator of the London Borough of Southwark Pension Fund. They handle day-to-day pension administration including member record management, benefit calculations, contributions processing, and scheme employer liaison.
• The Pensions Regulator (TPR)coreOthersTPR extends oversight to public sector pension schemes including the LGPS from April 2015 under the Public Service Pensions Act 2013. TPR issues Code of Practice No. 14 for governance and administration of public service pension schemes.
• Local Pension BoardcoreOthersThe Local Pension Board assists and advises Southwark Pension Services in ensuring compliance with LGPS Regulations. Comprising equal numbers of employer and scheme member representatives, it reviews the administration strategy effectiveness annually.
• Pensions CommitteecoreOthersThe Pensions Committee has delegated responsibility for managing the London Borough of Southwark Pension Fund. It monitors implementation of the administration strategy and oversees fund governance.
• Grant Thornton UK LLPminorOthersExternal auditors of the fund's accounts and processes. Key findings are presented to the Pensions Committee in an Annual Governance Report.

Recent moves5 records

Expansion highlights4 records

Direct peers

• Lancashire County Pension Fund: Administering authority for the LGPS serving Lancashire County Council and scheme employers. Operates the same statutory CARE scheme with a Pensions Committee/Local Pension Board governance model, making it directly comparable in structure, regulatory regime, and service offering to Southwark.
• Merseyside Pension Fund: Administering authority for LGPS benefits in the Merseyside region, covering multiple borough councils and scheme employers. Direct peer under the same statutory framework with parallel governance and administration functions.
• Greater Manchester Pension Fund: One of the largest LGPS administering authorities, serving Greater Manchester councils and scheme employers. Direct peer under the same LGPS Regulations with parallel governance and administration functions, though at materially greater scale.
• Tyne and Wear Pension Fund: Administering authority for LGPS benefits covering Tyne and Wear metropolitan borough councils. Same LGPS statutory framework with comparable member, deferred, and pensioner segments and similar employer profile.
• West Yorkshire Pension Fund: Administering authority for LGPS benefits across West Yorkshire councils and scheme employers. Operates under identical LGPS Regulations and governance structure as Southwark, with similar member portal and employer services.
• Kent County Council Pension Fund: Administering authority for LGPS benefits in Kent, with multiple scheme employers. Same regulatory regime and member services model, comparable in mid-tier fund scale to Southwark.
• Norfolk Pension Fund: LGPS administering authority serving Norfolk County Council and admitted scheme employers. Operates under the same statutory scheme with the same member segments (active/deferred/pensioner) and Pensions Committee/Local Pension Board oversight.
• Surrey County Council Pension Fund: Administering authority for the LGPS in Surrey, serving the county council and scheme employers. Direct LGPS peer with parallel governance structure, employer network, and member self-service portal.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/london-borough-of-southwark

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about London Borough Of Southwark