Planned Falkirk Council pension merger

Falkirk Council's Pension Fund could be merged with the City of Edinburgh.

The two local authorities are in discussions about combining their assets.

The move could be in place by next year.

More than £11 billion of assets are shared by the two councils - representing 115,000 people.

Amanda Templeman, Chief Finance officer of Falkirk Council Pension Fund, says:

“Falkirk Council Pension Fund and Lothian Pension Fund are exploring an innovative approach to Local Authority Pension Fund Management which has the potential to improve the operation and resilience of the Funds. The two Funds have worked effectively together for over 10 years and the potential merger looks to build on that successful partnership. As ever, our focus is on doing the right thing to safeguard the interests of our scheme members.”

David Vallery, Chief Executive Officer of LPF, says of the proposed merger:

“I’m confident that a merger between Lothian Pension Fund and Falkirk Council Pension Fund is in the best interest of our members, employers, and colleagues.

“Both funds share the same principles and objectives: to provide excellent administration to members and to invest assets responsibly. These will remain cornerstone goals if the merger was to proceed.”