Fund publishes its Breaches Policy
Merseyside Pension Fund has prepared this document in setting out its policy and procedures on identifying, managing and where necessary reporting breaches of the law as covered in paragraphs 241 to 275 of the Pensions Regulator’s Code of Practice No. 14 (Governance and administration of public service pension schemes) – “the Code of Practice”.
This policy sets out the responsibility of elected members, officers of the Fund and the local pension board in identifying, managing and where necessary reporting breaches of the law as they apply to the management and administration of the Fund.
This policy will be reviewed by the Fund at least annually. The Fund will monitor all breaches and will ensure that adequate resources are allocated to managing and administering this process.