Fund Information

About the Cumbria Pension Fund 

The Cumbria Pension Fund is run by Westmorland and Furness Council on behalf of over 120 other employers within Cumbria. This means that Westmorland and Furness Council are the "administering authority" in the Local Government Pension Scheme (LGPS) Regulations. 

The Pensions Committee is responsible for carrying out the Council's functions as the delegated decision making body of the Administering Authority for the management of the Cumbria Local Government Pension Scheme ("the Pension Fund") which includes its involvement in the Border to Coast Pension Partnership (BCPP) as the Council's approved Pension Pool 

Governance arrangements for pension schemes in the public sector require Westmorland and Furness Council, as an administering authority for the LGPS (Local Government Pension Scheme), to have in place a local pension board. Cumbria Local Pension Board is responsible for assisting the Administering Authority of the Cumbria LGPS to comply with all relevant legislative requirements and to ensure the effective governance of the scheme. 

BCPP was created to pool the investments of eleven like-minded Local Government Pension Scheme (LGPS) funds including the Cumbria Pension Fund.  Its purpose is to make a difference for the Local Government Pension Scheme by providing cost-effective, innovative, and responsible investment opportunities that deliver returns over the long-term. It is regulated by the Financial Conduct Authority (FCA).  

Border to Coast Pensions Partnership (BCPP)