Issue - meetings
The Pensions Regulator Checklist
Meeting: 16/10/2017 - Pension Board (Item 10)
10 Report on Compliance with the Code of Practice (The Pensions Regulator Checklist) PDF 110 KB
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Minutes:
Bola Tobun, Investment and Treasury Manager presented a report which covered the updated Code of Compliance Checklist for the London Borough of Tower Hamlets Pension Fund.
From 1April 2015 the Pensions Regulator (TPR) assumed responsibility for public service pension schemes and put in place codes of practice for public service pension schemes covering a number of areas relating to the management of schemes. The Code of Practice for Public Service Pension Schemes came into force from 1April 2015 and all schemes must now consider whether they comply with the Code.
Members noted that the words ‘in progress’ had been recorded for H9 (Is all other information provided in accordance with legal timescales?) and H10 (Is all other information provided in the format and methods required by law?) in the Compliance Checklist and that there were 30 areas in the checklist that had been recorded as either non / non-partially compliant and requested that officers report back on how these areas were progressing.
Members highlighted that Pension Regulators were undertaken more stringent checks on Pensions Fund Administration and stressed that any shortfalls must be closed.
Members were asked to complete the Pensions Board Regulator Questionnaire. A link will be sent to all Board Members.
RESOLVED
1. Noted the Code of Compliance Checklist and where further work is required and being undertaken.
2. That officers provides feedback on how the areas which were recorded as either non / non-partially compliant on the Complaints Checklist was being progressed at a future Board.
3. That officers circulates the Pensions Board Regulator Survey to all Board Members.
4. That all Board Members complete the Pensions Board Regulator Questionnaire.
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Meeting: 18/09/2017 - Pension Board (Item 9.2)
9.2 Report on Compliance with the Code of Practice (The Pensions Regulator Checklist) PDF 110 KB
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