11 meetings · Page 2 of 2
Surrey Pension Fund Committee - Friday, 22 March 2024 11.15 am
The Surrey Pension Fund Committee approved the Surrey Pensions Team's strategic plan for 2024-2025, a new training policy, and the budget for 2024/25. It also agreed to delegate to the Chair the final approval of the Fund’s application to become a signator...
Surrey County Council is an administering authority for the Local Government Pension Scheme (LGPS) and has established a Pension Fund Committee (originally named Surrey Pension Fund Board) with responsibility for the governance and administration of the Surrey County Council Pension Fund. Terms of Reference
a) To undertake statutory functions on behalf of the Local Government Pension Scheme and ensure compliance with legislation and best practice.
b) To determine policy for the investment, funding and administration of the pension fund.
c) To consider issues arising and make decisions to secure efficient and effective performance and service delivery.
d) To appoint and monitor all relevant external service providers: - fund managers; - custodian; - corporate advisors; - independent advisors; - actuaries; - governance advisors; - all other professional services associated with the pension fund.
e) To monitor performance across all aspects of the service.
f) To ensure that arrangements are in place for consultation with stakeholders as necessary.
g) To consider and approve the annual statement of pension fund accounts.
h) To consider and approve the Surrey Pension Fund actuarial valuation and employer contributions.
i) To receive minutes and consider recommendations from and ensure the effective performance of the Joint Committee of the Border to Coast Pensions Pool and any other relevant bodies.
j) To consider and approve an annual conflict of interest policy, which shall include how the potential conflict of interest of Surrey County Council in its dual role as Administering Authority for and scheme employer of the Surrey Pension Fund is managed. The ‘standard’ Committee diary provides for four meetings a year and additional meetings are occasionally required for a specific purpose. The Committee is made up of publicly elected Members as well as co-opted members who provide stakeholder membership. The co-opted members represent the members of the Fund (trade union representation), District and Borough Councils and other employers in the Fund. Co-opted Members have the same rights on access to information and voting as elected Members.
Find out more... Surrey Pension Fund – external website
