Martin took over the role of interim chief executive while the pension fund decided who would succeed Taylor.
Susan Martin commented, “This is a hugely exciting time to be leading the LPFA. Over the coming months we will pursue a strategy that puts collaboration and the sharing of skills and expertise at the heart of what we do, using our resources to help deliver improvements across the LGPS. It is only through this kind of cooperation that we can hope to solve the public sector pensions deficit crisis in the UK."
Susan has more than 20 years of experience in senior management roles, covering organisational change, pensions, mergers and acquisitions across both private and public sectors, and has been with the LPFA since 2007. She will focus on delivering change at the LPFA and should the local government Minister Brandon Lewis so decide, within the wider LGPS, some of whose 89 funds are facing challenging times in meeting large deficits.
Under Susan’s leadership, the LPFA will continue to focus on delivering efficiencies, such as asset and liability management, to provide best value pensions administration for the good of the LPFA and all its partners, as well as on successfully delivering the LGPS 2014 and 2015 Fire schemes. The fund grew by £427m ($699.5m) from 2012 to 2013, to £4.6bn ($7.5bn).
Edi Truell, chairman of the LPFA, commented:
“I am delighted to announce Susan’s appointment as CEO of the LPFA, which comes as we prepare for what will be a pivotal year for public sector pensions in the UK. Local Government Minster Brandon Lewis’s Call for Evidence into the future of the LGPS is a once in a generation opportunity to solve real issues and reduce deficits. Susan’s abilities as a leader, motivator and collaborator make her the ideal person to deliver positive change within the LPFA and to offer our services to help the wider LGPS.”