Committee details

Pension Fund Committee

Purpose of committee

To consider approval and act in accordance with statutory Pension Fund documents:

·       Statement of Investment Principles

·       Funding Strategy Statement

·       Governance Policy Statement

·       Pension Administration Strategy

·       Communication Policy Statement

 

To review the above documents at least triennially, or more frequently if advised by the Chief Finance Officer of the need to do so

 

To meet review and consider approval of the Pension Fund Statement of Accounts, income and expenditure and balance sheet or record of payments and receipts

To receive and consider approval of the Pension Fund Annual Report.

To appoint independent investment advisors.

To appoint Pension Fund investment managers.

To appoint Pension Fund actuaries.

To appoint a performance management company.

To appoint custodians.

To review and challenge at least quarterly the Pension Fund investment managers’performance against the Statement of Investment Principles in general and investment performance benchmarks and targets in particular. One of these meetings to be the annual review, at which the representative from the council’s performance management organisation attends to comment on the relative performance of the fund managers.

To consider actuarial valuations and their impact on the Pension Fund.

 

 

Membership

Contact information

Support officer: Paul Frost. Email: Paul.Frost@Barnet.gov.uk - 0208 359 2205

Phone: 020 8359 2205

Email: Paul.Frost@Barnet.gov.uk