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Summary Of The Terms Of Reference

Summary of The Terms of Reference

Summary of The Terms of Reference

Select body to view specific functions and responsibilities

Local Pension Board

To undertake its responsibilities, the Board must determine the areas it wishes to consider. This may include, but is not restricted to, the following:

  • Reviewing compliance monitoring reports, including reports to and decisions made under the Regulations by the Pension Fund Management Panel.
  • Reviewing management, administrative and governance processes and procedures, to ensure they remain compliant with the Regulations, relevant legislation and in particular the Pension Regulator’s codes of practice.
  • Reviewing the compliance of scheme employers with their duties under the Regulations and relevant legislation.
  • Assisting with the development and review of all documentation required by the Regulations, including the Governance Policy and Compliance Statement, Funding Strategy Statement and Statement of Investment Principles.
  • Assisting with the development and review of scheme member and employer communications as required by the Regulations and relevant legislation.
  • Monitoring complaints and reviewing administration and governance performance.
  • Overseeing the application of the Internal Dispute Resolution Process and reviewing the outcome of Pensions Ombudsman cases.
  • Reviewing the implementation of revised policies and procedures following changes to the Scheme.
  • Reviewing the arrangements for the training of Board members and those elected members and officers with delegated responsibilities for the management and administration of the Scheme.
  • Reviewing the complete and proper exercise of employer and administering authority discretions.
  • Reviewing the outcome of internal and external audit reports and monitoring any actions undertaken as a result.
  • Reviewing draft accounts and the Fund’s annual report.
  • Reviewing the compliance of specific cases, projects, or processes on request of the Pension Fund Management Panel.
  • Reviewing the whole fund risk register and other risk registers and risk logs as appropriate
  • Any other area within the statement of purpose to assist the Administering Authority as the Board deems appropriate.

You can find a link to the full reference documents below.

  • Governance | Report

    Collaboration in Asia, Water Stewardship in the Mining Sector, Energy Suppliers

  • Governance | Report

    BP, Tobacco Industry, Water Stewardship