As a result of the Hutton review into public pension schemes, the Government has introduced a number of initiatives to ensure that pension schemes are administered efficiently and effectively.
Since 1 April 2015, the Firefighters’ Pension Scheme has a National Scheme Advisory Board, and Local Pension Boards have also been established.
Dorset & Wiltshire Fire and Rescue Authority has a Local Pension Board, which is made up of Authority Member’s, employer and employee representatives:
- Firefighter, Scott Blandford (employee/retiree representative)
- Cllr Richard Biggs (Fire and Rescue Authority Member/Employer representative)
- Watch Manager, Andrew Corben (employee/retiree representative)
- Cllr Peter Hutton (reserve) (Fire and Rescue Authority Member/Employer representative)
- Cllr Pip Rideout (Fire and Rescue Authority Member/Employer representative)
- Gerard Senior (employee/retiree representative)
- Vacancy (Officer/Employer representative)
- Vacancy (employee/retiree representative)
Head of Financial Services & Treasurer of the Fire and Rescue Authority, Ian Cotter is present at Board meetings to provide professional advice.
When Pension Board members sign up to the role, they commit to have the time, interest and understanding of the pension schemes in order to represent the scheme members and training is also provided.
The role of our Local Pension Board
The role of our Local Pension Board is to ensure that the firefighters’ pensions schemes are properly managed.
It provides scrutiny of decisions made by the Service in order to provide more assurance to taxpayers and scheme members. It is required to assist the Fire and Rescue Authority in reviewing how the Firefighters’ Pension and Compensation Schemes work locally, and allows the Board to look at the systems underpinning the local administration of the scheme, and how decisions are made.
- Managing risks and ensuring there are adequate internal controls;
- Keeping records and ensuring the quality of member data;
- Ensuring the correct contributions are paid to the scheme;
- Managing conflicts of interest;
- Publishing information about the Board;
- Communicating information to members; and
- Resolving disputes and reporting certain breaches of the law.
Click here to view the Terms of Reference of the Local Pension Board.
Minutes of the Local Pension Board
Further general information on the role of Pension Boards is available on the Pension Regulators website: http://www.thepensionsregulator.gov.uk/docs/quick-guide-public-service-pension-boards.pdf