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
