Issue - meetings
Reporting on Breaches Policy
Meeting: 30/06/2016 - Pensions Committee (Item 10)
10 Reporting on Breaches Policy PDF 118 KB
Additional documents:
- Appendix Y - LBTH Reporting Breaches Procedure, item 10 PDF 1 MB
- Reporting Breaches Appendix Y1 - TPR Code of Pratice, item 10 PDF 39 KB
Minutes:
Ms Tobun, the Investment and Treasury Manager presented the report on Reporting Breaches Procedure. The following matters were noted:
· There is a statutory obligation to report “materially significant” breaches of the law to The Pensions Regulator (TPR) under section 70 of the Pensions Act 2004 for the persons involved in running or advising Pensions Schemes.
· Those subject to this reporting requirement (Reporters) are: Scheme managers (in this case the Council as the Administering Authority, with responsibility delegated to the Pensions Committee), Pension Board Members, persons otherwise involved in the administration of the scheme, employer, professional advisers and persons otherwise involved in advising the Scheme Manager in relation to the scheme.
RESOLVED
1. That the Reporting Breaches Policy be noted.
2. The duties required of the Pensions Committee in its capacity as Scheme Manager be noted.