The Public Services Pensions Act 2013 requires the Council to establish a Pension Board with effect from 1 April 2015. The Pension Board will not be a decision-making body in relation to the management of the LBBD Pension Fund but instead will oversee the work of the Council’s Pensions Panel, which has overall responsibility for the Fund’s management powers and responsibilities.
The Assembly will be asked to approve the establishment of the new Pension Board, including its terms of reference.
Decision type: Non-key
Decision status: Approved
Notice of proposed decision first published: 16/01/2015
Decision due: 24 Feb 2015 by Assembly
Lead member: Finance Portfolio
Lead director: Chief Finance Officer
Department: Finance & Investment
Contact: Jonathan Bunt, Strategic Director, Finance & Investment Email: jonathan.bunt@lbbd.gov.uk Tel: 020 8724 8427.