The Pension Fund Committee is responsible for overseeing Barnet's Pension Fund, ensuring it is managed in line with statutory requirements and best practices. It approves and reviews key documents such as the Statement of Investment Principles, Funding Strategy Statement, and Governance Policy Statement, typically at least every three years. The committee also approves the Pension Fund's annual accounts and annual report. It plays a crucial role in appointing and monitoring the performance of independent investment advisors, fund managers, actuaries, custodians, and performance management companies, challenging their performance against established benchmarks.