Decision details

The Head of Treasury presented a report which detailed the London Borough of Barnet Pension Fund Governance and Compliance Statement. 

The Board noted that guidance recommended that the Pension Fund Committee should have representation from participating Local Government Pension Scheme employers, admitted bodies and scheme members (including pensioner and deferred members).  It was reported that, Barnet were currently non-complaint with the guidance.  The Board agreed that the Head of Governance should refer this issue to the Pension Fund Committee and, with their agreement, to the Constitution, Ethics and Probity Committee.  Members would therefore be able to consider whether they wished to amend the membership of the Pension Fund Committee to include members to represent those stakeholder groups.

RESOLVED that:

1.    The draft Governance Policy and Compliance Statement be agreed.

2.    The Local Pension Board refer the issue of the membership of the Pension Fund Committee, as detailed in the preamble above, to the Pension Fund Committee.