TfL Pension Fund
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There are a number of committees who are responsible for looking after different aspects of the Fund. You can find out all about them below.
- Operations Committee
- Investment Committee
- Audit Committee
- Actuarial Valuation Committee
- Appeals Committee
- Alternatives and Liability Hedging Committee
Operations Committee
Deals with budgets, communications, performance reviews and membership statistics matters. The Fund Office refers to the Operations Committee when guidance is required on certain individual cases.
| TfL nominated | Non-TfL nominated |
|---|---|
| Jane Hart (Chair) | Linda Arwood |
| Clare Kavanagh | Stephen Ellaby |
| Stuart Munro | Chris Miller (Vice Chair) |
| Dave O'Brien | Patrick Sikorski |
Investment Committee
Covers investment matters concerning equities and bonds, including strategy and the appointment and monitoring of investment managers and the custodian.
| TfL nominated | Non-TfL nominated |
|---|---|
| Mike Binnington | Lewis Brown |
| Howard Collins | Chris Miller |
| Stephen Critchley (Chair) | Paul Murphy |
| Gerry Duffy | John Timbrell (Vice Chair) |
Audit Committee
Oversees the Fund's financial affairs, including the external audit, internal controls, accounting policies, corporate governance and risk reviews.
| TfL nominated | Non-TfL nominated |
|---|---|
| Jane Hart | Lewis Brown |
| Stuart Munro (Chair) | Steve Grant (Vice Chair) |
| Dave O'Brien | John Knowles |
Actuarial Valuation Committee
Deals with all actuarial matters concerning the Fund.
| TfL nominated | Non-TfL nominated |
|---|---|
| Maria Antoniou (Chair) |
Stephen Ellaby |
| Stuart Munro |
Chris Miller (Vice Chair) |
Appeals Committee
Deals with the second stage of disputes in accordance with the Fund's Internal Disputes Resolution Procedure.
| TfL nominated | Non-TfL nominated |
|---|---|
| Maria Antoniou | Linda Arwood |
| Howard Collins | Steve Grant (Vice Chair) |
| Stephen Critchley (Chair) | Paul Murphy |
Alternatives and Liability Hedging Committee
Covers investment matters concerning alternative assets and liability hedging, including strategy, the appointment and monitoring of investment managers and monitoring the overall benchmark for the Fund's portfolio.
| TfL nominated | Non-TfL nominated |
|---|---|
| Mike Binnington | Chris Miller |
| Stephen Critchley (Chair) | John Timbrell (Vice Chair) |
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