Surrey Pension Fund gets government agreement to form an SPPA
Author: LAPF Investments | Published: June 5, 2026
The Surrey Pension Fund is set to become a Single Purpose Pension Authority (SPPA) after receiving government approval to do so.
It comes after the minister of state for local government and devolution, Alison McGovern, wrote to the leaders of the East and West Surrey Shadow Authorities and the leader of Surrey County Council to confirm agreement for the fund to form an SPPA as part of a local government reorganisation (LGR) process.
Through LGR, Surrey County Council will move to two new unitary councils – namely East Surrey and West Surrey – replacing the current two-tier system where county, and district and borough councils share responsibilities.
Commenting on this decision, Surrey Pension Fund Committee chair Councillor Richard Tear said: “I am delighted that the Minister has approved Surrey’s application to form a SPPA.
“As was demonstrated in our business case, we firmly believe this is the best model for the Surrey Pension Fund to deliver excellence in service and value for our members, and to positively embrace new opportunities for the LGPS in the future.”
Surrey Pension Fund’s LGPS senior officer Neil Mason added: “I thank the Minister and officials for this clarity. I passionately believe that this will allow us to improve our service to our members and employers and support the positive evolution of the LGPS.”
