Governance

Decisions affecting the fund’s investment strategy are taken with appropriate advice from the fund’s advisers. Only persons or organisations with the necessary skills, information and resources take decisions affecting the fund. Members of the Pension Committee will ensure they receive training as and when deemed appropriate, to enable them to critically evaluate any advice they receive.

The Committee receives independent investment advice from the following sources:

Philip Hebson - strategic and overall investment approach

Aon Solutions UK Limited (“Aon”) (the Investment Consultant) - analysis and advice of a technical nature in relation to all investment related aspects of the Fund.

The fund's Scheme Administrator has responsibilities under S151 of the Local Government Act 1972 and provides financial (non-investment) advice to the Committee, including advice on financial management, issues of compliance with internal regulations and controls, budgeting and accounting and liaison with independent advisers.

Governance compliance statement

This Governance compliance statement has been prepared by Shropshire Council (the administering authority) to set out the governance arrangements for the Shropshire County Pension Fund, in accordance with The Local Government Pension Scheme Regulations 2013 (Regulation 55).