Local Pension Boards - Counsel's opinion on legal status of pension boards.
The Board has been notified that the Secretary of State has appointed Cllr Roger Phillips to the position of Chair. In making this announcement the Board would like to extend their sincere thanks to Joanne Segars for her hard work and dedication in the role of Chair of the Board in both its shadow and interim forms. Joanne's experience and knowledge of both the LGPS and the wider pensions industry coupled with the effective stakeholder engagement she brought to the role have been pivotal in ensuring the successful development of the Board. Cllr Phillips said he was “ delighted and honoured to be appointed however I am very aware of the many and varied challenges faced by the scheme and under no illusions about the hard work and tough decisions necessary to ensure its continued sustainability
The shadow Scheme Advisory Board ("the Board") Chair Joanne Segars delivered the keynote address at the LGPC Conference 2014 held in Bournemouth on 19th and 20th June 2014.
In the speech, Ms Segars, who in addition to her position as Chair of the Board is the Chief Executive at the National Association of Pension Funds (NAPF), recognised the scale of the reforms only recently implemented in the LGPS in England & Wales and congratulated the Scheme on its implementation of these reforms.
In addition, Ms Segars set out details of the challenges ahead for the Scheme, not least in implementing new governance arrangements, and said that the Board had a full agenda ahead and needed to continually prove its value to the benefit of the whole Scheme.
The full text of Ms Segars' address can be found here.
At the meeting of the board on 14th October it was agreed that the Norfolk committee report below forms a useful position for funds until such time as further clarification on this matter is available
17 October 2013
On the 14 June 2013 a letter was issued to all heads of pensions of the LGPS in England and Wales – and copied to Chief Executives in letter form and Pension Managers via email – to commence a selection process following the nominations recently made by funds for the practitioner role on the Main Board and the various roles of the five sub-committees.
It is necessary to run this selection process as the LGA have received more nominations than places available for the Main board and sub-committees. A selection pack is available to download below. It includes:
•selection process and selection form (PDF, 4 pages, 194KB) – contains information on how the selection system works and how each administering authority should cast their preferences. The selection form should be completed and returned to the LGA. It lists the name and administering authority of each of the nominees for the Board and each of the five sub-committees.
•nominations document (PDF, 35 pages, 318KB) – contains the short statement in support of each nominee which was received by the LGA when the nomination was made.
It's important that administering authorities read this document to help make a decision when casting their preference.
20 May 2013 - Nominations for members of the LGPS Shadow Scheme Advisory Board and sub-Committees – May 2013
On Monday 20 May a letter was issued to all Chairs of Pension Committees of the LGPS in England and Wales – and copied to Chief Executives, Heads of Pensions in letter form and to Pension Managers via email – to commence the nomination process for the following Shadow Board Members: elected members to serve on the Shadow Board fund practitioner to serve on the Shadow Board fund practitioners to serve on sub-committees. Full details on the nomination process can be read in the letter issued 20 May 2013 (PDF, 3 pages, 161KB)).
The closing date for the nomination process is 7 June 2013. The following information is designed to inform those making nominations. Information includes the terms of reference for the Shadow Board the sub-committees and also a role profile/person specification for the fund practitioner roles on the sub-committees.
- •Terms of reference for the Shadow Board (PDF, 5 pages, 168KB)
- Terms of reference for the sub-committees (PDF, 15 pages, 456KB)
- LGPS fund practitioner role profile/person specification for the sub-committees (PDF, 4 pages, 75KB).