Lincolnshire Pension Fund

Information for members

There are three types of members of the scheme:

  • Active: You are currently paying contributions into the Fund
  • Deferred: You have previously paid into the Fund and since leaving have left your pension on hold with us
  • Pensioner: You are drawing your pension

Lincolnshire Pension Fund works with West Yorkshire Pension Fund to deliver administrative services such as the payment of pensions and answering questions on individual's pensions.  If you have any questions about your pension, please contact West Yorkshire Pension Fund.

Visit West Yorkshire Pension Fund

 

Pension fund committee

The Pensions Committee oversees the work of the fund, and makes key decisions about how it is run.

The committee consists of:

  • county councillors
  • a scheme member representative
  • representatives of other employers in the fund

Pension Committee details

Fund publications

The latest versions of Lincolnshire Pension Fund's publications and policy documents:

Fund investments

Lincolnshire Pension Fund invests the cash assets of the fund in order to earn a return to help pay member pensions. The documents below give further details of our investments.

Summary of investments

This document is updated quarterly and gives details of the Fund's holdings, including details of its Private Equity, Property and Infrastructure investments.

Quarterly stewardship update

This document provides details of the stewardship activities completed on behalf of the fund, and is updated quarterly.

Lincolnshire Pension Fund – stewardship update April 2025 to June 2025

Lincolnshire Pension Fund – stewardship update July 2025 to September 2025

Lincolnshire Pension Fund – stewardship update October 2025 to December 2025

Lincolnshire Pension Fund – stewardship update January 2026 to March 2026

Asset pooling

In 2015, the government announced that Local Government Pension Fund investments should be merged into a smaller number of investment pools. Lincolnshire Pension Fund chose to become part of the Border to Coast Pensions Partnership and to date has invested in the following funds:

  • UK Listed Equity
  • Global Equity Alpha
  • Multi Asset Credit
  • Investment Grade Credit
  • Overseas Developed Equity
  • Global Property
  • Multi-Factor Equity

Over time, more of the fund's assets will be invested in Border to Coast.

Visit Border to Coast

Actuarial valuations

An actuarial valuation is carried out every three years and recommends the level of contributions for each of the participating employers in the fund for the following three years.

The past three valuation reports are available: 

Pension fund board

Each Local Government Pension Scheme (LGPS) fund has a Local Pension Board.  The Board plays an important role in making sure that the Fund is well-managed and is keeping scheme members’ records and pensions safe.

The Pension Board is made up of people who represent the Fund's members and employers. It supports the Pension Fund and the Pensions Committee by checking that LGPS rules are being followed and that the Fund is acting in line with guidance from the Pensions Regulator and other pensions legislation.

Knowledge and understanding policy - training policy for Board members

Appendix A: Knowledge and skills - suitable examples of areas of knowledge and understanding for Board members

Board meetings - agendas and minutes of recent board meetings

Independent chair role description - full description of the role of the Independent Chair of the Pension Board

Representative role description - full description of the role of Employer and member representatives on the Pension Board

Terms of reference - full Terms of Reference for Lincolnshire Pension Fund's Pension Board

Consultation

Consultation for scheme members - Investment Strategy Statement (ISS)

Under the LGPS (Pooling, Management and Investment of Funds) Regulation 2026, which came into force on 30 June 2026, every LGPS Fund in England and Wales must publish an Investment Strategy Statement (ISS). This statement must set out the administering authority's objectives, priorities and preferences in relation to the investment of the funds and assets for which it is responsible.

The ISS is subject to a consultation with all key stakeholders, including scheme members. This is your opportunity to be involved.

Your LGPS fund, Lincolnshire Pension Fund, has drafted its ISS in line with the statutory guidance and we are asking for your views on its content.

The ISS sets out the Fund’s:

  • investment objectives
  • risk appetite
  • asset allocation
  • governance arrangements

It provides transparency and accountability to all stakeholders. It is important because it formalises how the Fund manages risk, responds to market conditions, and integrates factors such as stewardship into its strategy. The ISS also ensures compliance with regulatory requirements. It supports informed decision-making by clearly articulating how the Fund aims to achieve its long-term funding goals while safeguarding the interests of members and employers alike.

Your feedback is important to us. Your responses will:

  • help us understand what matters most to you
  • highlight any concerns
  • identify areas for improvement

This will support better decision making and help us develop an investment strategy that is clear, balanced, and focused on delivering strong long term outcomes.

View the proposed text of the ISS.

Send any comments to LGPSpensions@lincolnshire.gov.uk with the subject heading of ISS Consultation.

This consultation will close on 20 August. Comments will be fed back to our Pensions Committee, the decision-making body for the Fund, before they approve the final version of the ISS at their September meeting.