What does South Yorkshire Pensions Authority do?

South Yorkshire Pensions Authority (SYPA) is a public pension fund based in Barnsley, UK. Established in 1988, it administers the Local Government Pension Scheme (LGPS) for South Yorkshire. The Authority manages a fund exceeding £10 billion on behalf of nearly 600 employing organizations, including local authorities and public sector bodies, serving approximately 166,869 members. SYPA's services include pension scheme administration, processing individual transactions, and managing pension fund assets. The organization is structured into three operational streams, each led by an Assistant Director, focusing on member services, investment strategies, and organizational operations. SYPA is committed to impact investing, aiming to allocate up to 5% of its assets to sustainable development goals and has set a target to achieve net zero by 2030.