The Royal County of Berkshire Pension Fund administers the Local Government Pension Scheme on behalf of over 60,000 members across over 280 scheme employers, managing assets of over £1.8 billion.
Following the enactment of the Public Service Pension Act 2013, the Berkshire Pension Fund's governance arrangements had to change and amendments were made to the Local Government Pension Scheme Regulations requiring the creation of a local Pension Board from 1 April 2015.
What is a local Pension Board?
The Public Service Pensions Act 2013 included several provisions relating to better governance and improved accountability of all the various public sector pension schemes.
The Local Government Pension Scheme (LGPS) is a public service pension scheme and so a local Pension Board has been set up to assist the administering authority, The Royal Borough of Windsor & Maidenhead, (also known as the Scheme Manager) in securing compliance with the LGPS regulations, other legislation relating to the governance and administration of the LGPS and the requirements imposed by the Pension Regulator in relation to the LGPS, all to ensure the effective and efficient governance and administration of the Scheme.
If you would like to consider becoming a member of the Board or if you have any questions or comments that you would like to raise with the Board you can do so by sending an email to our dedicated Pension Board account at email@example.com
What does the local Pension Board do?
The Board's role is to assist the Scheme Manager in ensuring the efficient and effective governance and administration of the LGPS. This means making sure the Scheme Manager is compliant with all relevant legislation with the aim to safeguard the interest of all Pension Fund members and associated employer organisations.
The Pension Board sits alongside the Berkshire Pension Fund Panel and Pension Fund Advisory Panel in an oversight role, to assist by reviewing the governance arrangements of the Fund and ensuring policies and procedures are correctly implemented and followed.
In accordance with the Regulations, the structure of the Board must include an equal number of scheme member and scheme employer representatives and in Berkshire the Board consists of 3 scheme member and 3 scheme employer representatives.
Scheme members were invited to apply for membership of and appointed to the Board through the normal communication channels.
Scheme Member Representatives
- Mr Tony Pettitt, Retired Member, Reading Buses
- Mr Jeff Ford, Active Member, Hungerford Town Council
- Mr Alan Cross, Deferred Pensioner Member, Reading Borough Council (Chair of the Board)
Scheme Employer Representatives
- Barry Stratfull, Service Lead - Finance, Slough Borough Council (Vice-Chair)
- Mrs Nikki Craig, Head of HR and Corporate Projects, RBWM
- Arthur Parker, Chief Accountant, Bracknell Forest Council
The Pension Board meets four times a year on a cycle that follows the meetings of the Berkshire Pension Fund Panel and Berkshire Pension Fund Advisory Panel. The 2019/2020 Pension Board statement is now available to view.
Pension Board members have certain legal responsibilities and must be conversant with the Local Government Pension Scheme (LGPS) rules and any document recording policy about the governance and administration of the Scheme. Board members are also required to have the necessary knowledge and understanding of the law relating to pensions and such other matters as deemed relevant to the role. A link to all Board agendas, papers and minutes can be found in the Meetings section of this website. The process is very transparent and comments and questions from scheme members are always welcome.