Local Pension Board

The role of the Pension Board is defined in Sections 5(1) and (2) of the Public Service Pensions Act 2013, and is to assist the Isle of Wight Council Administering Authority as Scheme Manager:

·       To secure compliance with the Local Government Pension Scheme (LGPS) regulations and any other legislation relating to the governance and administration of the LGPS.

·       To secure compliance with requirements imposed in relation to the LGPS by the Pensions Regulator.

·       In such matters as the LGPS regulations may specify.

·       To secure the effective and efficient governance and administration of the LGPS for the Isle of Wight Council Pension Fund.   The Terms of Reference for this Board can be found in the council’s Constitution.