Business Details
50+ Years
experience
Your Trusted Partner for Pension Services in London
Established in 1929, our fund has provided pension solutions for professionals within the Lloyd's market. Initially designed for male clerks, we expanded eligibility to include women and non-clerical staff, reflecting evolving workplace dynamics. In the 1970s, we introduced defined benefit schemes under our umbrella, followed by defined contribution options in the late 1990s, though the latter have since been discontinued. Our Trustee board, comprising independent directors, employer representatives, and member-elected individuals, ensures balanced governance.Supported by industry-leading actuaries, auditors, and investment managers, we prioritise long-term sustainability and member security. Despite a reduced employer base, we remain committed to delivering reliable pension administration. Our partnership with Barnett Waddingham LLP and Independent Governance Group guarantees expert oversight and transparent operations. With nearly a century of experience, we continue to adapt to regulatory and market changes while maintaining our core mission of securing members' financial futures.
Services
Pension Fund Management
Defined Benefit Schemes
Trustee Services
Pension Administration
Investment Management
Details
- Year established: 1929
Highlights and features
- We have over 90 years of experience in pension provision for the Lloyd's market.
- Our Trustee board includes independent directors with extensive pension scheme expertise.
- We collaborate with leading professionals including actuaries and investment consultants.
- Our governance model balances employer, member, and independent stakeholder interests.
- We prioritise long-term sustainability and transparent pension administration.
Services
Defined Benefit Schemes
We specialise in traditional defined benefit pension schemes, offering predictable retirement income based on salary and service history. Our expertise ensures compliance with evolving regulations while maintaining financial security for members. This service caters to professionals within the Lloyd's insurance market seeking stable long-term pension solutions.
Trustee Governance
Our Trustee board provides balanced governance through independent directors, employer representatives, and member-elected individuals. This structure ensures decisions reflect diverse stakeholder interests while maintaining regulatory compliance. Professional support from actuaries and legal advisers strengthens our governance framework.
Pension Administration
Barnett Waddingham LLP delivers comprehensive pension administration, handling member inquiries, benefit calculations, and regulatory reporting. Their expertise ensures accurate, timely service delivery while maintaining compliance with pension legislation and industry best practices.
Investment Management
We employ specialist investment managers to grow pension assets responsibly. Our strategy balances risk and return through diversified portfolios managed by firms like Insight Investment and Janus Henderson. Regular reviews ensure alignment with long-term funding objectives and member security.
Actuarial Services
Actuaries from Barnett Waddingham LLP conduct regular valuations to assess scheme funding levels and recommend contribution rates. Their analysis ensures financial sustainability while meeting regulatory requirements. This service maintains the fund's solvency and protects member benefits.
People
Yvonne Slater
Chair of Trustees
Yvonne leads our Trustee board with extensive pension scheme governance experience, ensuring balanced decision-making that prioritises member interests while maintaining regulatory compliance.
Neil O'Leary
Employers Director
Neil represents employer interests on the Trustee board, bringing sector-specific insights from his career in the Lloyd's market to ensure sustainable pension provision for participating organisations.
Paul Horncastle
Members' Director
Paul advocates for member interests as a Trustee, combining his professional experience in insurance with pension governance expertise to protect beneficiaries' financial futures.
Questions
When was the Lloyds Superannuation Fund established?
The fund was established in 1929 by the Committee of Lloyd's to provide pensions for clerks working in the Lloyd's market.
Who currently contributes to the Fund?
MS Amlin Corporate Services Limited is the sole remaining employer contributing to the Fund following industry consolidation.
How is the Fund governed?
The Fund is governed by LSF Pensions Management Ltd, whose board includes independent directors, employer representatives, and member-elected individuals.
Can I check if my employer participated in the Fund?
Yes - we provide an employer list on our website to help determine if your former employer participated in our pension arrangements.
Who manages the Fund's investments?
We employ specialist investment managers including Insight Investment and Janus Henderson to grow pension assets responsibly while managing risk.
