Surrey to recommend new Single Purpose Pension Authority

Published: October 27, 2025

The Surrey Pension Fund Committee has agreed to recommend a Single Purpose Pension Authority to the full council, the fund has confirmed. 

It believes the decision will allow it to “most effectively manage a local growth plan with strategic authorities”, adding that such an authority will help it provide “optimal governance with greater independence” and the ability to more effectively manage potential conflicts of interest. 

The fund added: “Most importantly, it is considered the most effective vehicle to provide customer reassurance and best deliver the interests of our members, employers and Surrey taxpayers.” 

The decision follows an extraordinary committee meeting held by the Surrey Pension Fund Committee last Friday (24 October). 

Its chair, Councillor Richard Tear, said: “I am very pleased at the outcome of the vote. This decision puts members and employers at the forefront of everything the Pension Fund does.” 

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