LGA Governance SurveyJune 16, 2017
The Local Government Association (LGA) on behalf of the Scheme Advisory Board England and Wales have recently released a survey to measure the effectiveness and operational efficiency of the new governance arrangements with particular emphasis on the role and function of local pension boards and interaction with their administering authority. Their message is below:
“Regulation 106 of the Local Government Pension Scheme Regulations 2013 required LGPS administering authorities to establish local pension boards by 1st April 2015 to assist them in the effective administration and governance of the scheme.
Given the passage of time since the establishment of local pension boards, the Scheme Advisory Board considers that it would be appropriate and timely to test the effectiveness and operational efficiency of the new governance arrangements with particular emphasis on the role and function of local pension boards and interaction with their administering authority.
The web based survey at http://lgpsboard.org/survey.php is intended to enable the Scheme Advisory Board to identify any areas of the legislation or related guidance affecting local pension boards that may need to be reviewed to ensure that the statutory requirements of the 2013 Regulations and code of practice issued by the Pensions Regulator are being met. Where appropriate, the Board may make recommendations to DCLG for any regulatory changes that are considered necessary.”
The survey is to be completed by the Chair of the board with the agreement of the majority of board members, but the LGA have asked that we make the survey available on our website.This entry was posted in Pensions Board. Bookmark the permalink. ← Deferred Annual Benefit Statements- online this year Question of the Month →