Transport for LondonTfL Pension Fund
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The Fund is managed by 18 Trustee Directors (the Trustees).
Role of the Board
- To act in the best interests of the Fund's members and beneficiaries
- To act impartially, prudently and honestly
- To make sure the Fund is administered according to the Trust Deed and Rules of the Fund (PDF 3.43MB)
- To invest the Fund's assets to obtain the best long-term return without putting the Fund at undue risk. Independent specialist investment managers carry out day-to-day investment on the Trustees' behalf
Board nominations
- Nine Trustees are nominated by the principal employer. At least five of the nine must be members of the Fund
- Five Trustees are nominated by the trades unions
- Four Trustees are nominated by members through the TfL Pension Consultative Council, including two who are pensioners or deferred pensioners
The current Board
| Employer nominated | Nominated by | Appointed |
|---|---|---|
| Maria Antoniou (Chair) | TfL | 16 Mar 2007 |
| Mike Binnington | TfL | 17 Mar 2011 |
| Howard Collins | TfL | 14 Jun 2006 |
| Stephen Critchley | TfL | 01 Jul 2002 |
| Gerry Duffy | TfL | 15 Jul 2004 |
| Jane Hart | TfL | 15 Sep 2004 |
| Clare Kavanagh | TfL | 12 Dec 2007 |
| Stuart Munro | TfL | 16 Mar 2010 |
| Dave O'Brien | Tube Lines | 29 Sep 2010 |
| PCC Nominated | Nominated by | Appointed |
| Linda Arwood | Pensioner and Deferred Members | 02 Oct 2008 |
| Stephen Ellaby | TfL Active Members | 08 Dec 2009 |
| Chris Miller | Pensioner and Deferred Members | 24 Mar 2005 |
| Paul Murphy | LUL Active Members | 12 Jun 2008 |
| Trade Union Nominated | Nominated by | Appointed |
| Steve Grant | ASLEF | 11 Nov 2008 |
| John Knowles | TSSA | 16 Mar 2010 |
| Patrick Sikorski | RMT | 16 Apr 2003 |
| John Timbrell | Unite (Amacus) | 11 Mar 2002 |
| Lewis Brown | Unite | 7 Dec 2010 |
