The role of the Pension Advisory Board is to
help West Sussex County Council, as West Sussex Pension Fund Scheme
manager, ensure that the scheme complies with legislative
requirements and any requirements of the Pensions Regulator. This
includes the Code of Practice on the governance and administration
of public service pension schemes issued by the Pensions
Regulator.
The Pension Advisory Board is accountable to
the Pensions Regulator, National Scheme Advisory Board
(NSAB) and Scheme Manager. The
NSAB will advise the Department for
Communities and Local Government (DCLG)
and WSCC.
The Pensions Regulator will report to the
DCLG but will also be a point of
escalation for whistle-blowing or similar issues (supplementary to
the County Council's own whistle blowing policy and anti-fraud and
corruption policy).
The principal functions of the Pension
Advisory Board include:
• seeking assurance that due
process is followed with regard to
Pensions Committee decisions
• considering the integrity and
soundness of Pensions Committee decision-making
processes
• seeking assurance that
administration performance is in compliance with the Administration
Strategy
• considering the effectiveness of
communication with employers and members, including the
Communication Strategy
• considering and commenting on
internal audit recommendations consideration of external auditor
reports.
Any complaint or allegation of breach of due
process brought to the attention of the Pension Advisory Board
shall be dealt with in accordance with the Code of Practice as
published by the Pensions Regulator.
Additional information
• Pension Fund information and documentation
(opens in new window)
• Terms of reference (opens in new
window)
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