Purpose
To be responsible for all matters relating to
the Council’s Pension Fund operated by the London Borough of
Sutton on behalf of all participating employees.
Function
The function of the Pension Committee is:
1.
To decide upon the investment policy and strategy of the Fund and
arrangements for compliance with all other requirements of
government statutes and regulations concerning the Local Government
Pension Scheme.
2.
To approve all policy statements required or prepared under the
LGPS Regulations or any other relevant statute, regulation or
statutory guidance.
3.
To receive and consider regular reports from each pension fund
manager on investment strategy, performance, transactions and other
related matters concerning their element of the Council’s
portfolio.
4.
To consider the performance of fund managers in relation to:
·
the Council’s performance targets for the managers;
·
issues concerning the liabilities and
assets of the Fund.
5.
To appoint managers for the Fund and professional advisers to the
Committee, as required.
6.
To consider actuarial valuation reports from the actuary and agree
recommendations concerning implications on the Pension Fund,
including investment strategy and funding arrangements.
7.
To agree arrangements for the administration of the Pension Fund
including communication with Fund members.
8.
To consider and decide upon any other relevant matter relating to
the Council’s Pension Fund.
