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Pension Board

This page lists the meetings for Pension Board.

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Information about Pension Board

The role of the Pension Board is to assist the Council (as the administering authority of the Avon Pension Fund), to secure compliance with:

 

·  the Local Government Pension Scheme (LGPS) regulations

·  any other legislation relating to the governance and administration of the scheme

·  requirements imposed by the Pensions Regulator in relation to the scheme

 

Its role is also to ensure the effective and efficient governance and administration of the scheme.

 

The Board has an advisory role in assisting the Avon Pension Fund by making recommendations about compliance, process and governance. The Board does not have a decision making role with regard to strategy or policy nor will it ratify or challenge decisions made by the Avon Pension Fund. Its role is to have oversight of the governance process for making decisions and agreeing policy.

 

There will be seven Board members comprising three member representatives, three employer representatives and an Independent Chairperson.

 

The quorum of the Board shall comprise three members who shall include at least one member and one employer representative. If the Chair has been delegated to another Board member then this cannot be the employer / employee representative for quorum or vote.

 

The Board will publish an annual report to Council containing any recommendations on process or governance.

 

 

Documents:

 

·  Avon Pension Fund – Pension Board Annual Report 2021/22

 

 

·  Avon Pension Fund - Pension Board Terms of Reference