The London Boroughs of Enfield and Ealing are the latest funds to join the Local Authority Pension Fund Forum taking membership of the Forum to 52 funds with assets of around £90billion. Paul Reddaway Head of Treasury & Pensions at Enfield said “We decided to join the LAPFF because it afforded the Enfield Pension Fund a bigger voice in the world of Corporate Governance.”

The Ealing decision was taken at the Fund’s inaugural AGM by a show of hands of fund members, reflecting the Fund’s aim of effectively communicating and engaging with all members and making the decision making process as transparent as possible. Bridget Uku, Group Manager Treasury & Investments at Ealing said “Joining the LAPFF will enhance Ealing Pension Fund’s responsible investment objective. We are delighted that our membership recognised the potential benefits of collaborative engagement.”

Forum Chairman, Councillor Ian Greenwood welcomed both funds to the LAPFF “We look forward very much to working with Enfield and Ealing. Every new member fund brings its own perspective to the many challenging issues confronting LGPS funds and I am particularly heartened by the fact that the benefits of forum membership have been recognised by the Ealing AGM. We now have 16 London Funds as members (including the London Pension Fund Authority and the City of London Corporation) and are of course also very well represented by funds from all parts of the UK. I encourage the other funds who we know to be actively considering the benefits of membership to come along and join us - you will all receive the warmest of welcomes. We face many challenges in 2010, but by acting together we can achieve so much more”