What will the Local Pension Board do?
The Local Pension Board will be responsible for assisting Merseyside Pension Fund, who is the Scheme Manager, to: -
Secure compliance with:
- The Local Government Pension Scheme Regulations;
- Any other legislation relating to the governance and administration of the Scheme, and;
- Requirements imposed by The Pensions Regulator in relation to the Scheme, and;
To ensure the effective governance and administration of the Scheme.
The new Board will be an oversight body and will not replace existing governance arrangements in place at Merseyside Pension Fund in respect of the administration of the Local Government Pension Scheme.