Local Government Pension Scheme (LGPS)

3. Governance of the pension fund

How we manage the pension fund

  • Information about the management of the pension fund and the portfolio of investments can be found in our Financial reports and accounts.
  • To find out how we invest the fund, how we govern the fund and how we communicate with interested parties, please see our Pension fund policies page.
  • Details of the contribution rates paid by participating employers on behalf of members of the scheme can be found in the list of participating employers.

Pensions Regulator

  • Details of the effectiveness of the internal dispute resolution procedure and management of contributions can be found in the Pensions Regulator section.

Pension Committee

In accordance with the Local Government Pension Scheme Regulations and associated legislation, the Pension Committee is responsible for the management of the investment of the pension fund, receiving advice as appropriate from the Pension Board. The Pension Committee also agrees Policy Statements, as required under the LGPS regulations, and decides on the admission and cessation of bodies to the Pension Fund.

Browse meetings and agendas, and view contact details for the members of the Pensions Committee.

Pension Board

The Public Service Pensions Act 2013 requires the establishment of a Pension Board with the responsibility for “assisting the Scheme Manager” in securing compliance with all relevant pensions law, regulations and directions.

The Pension Board’s role is one of providing assurance in and governance of the scheme administration and helping to ensure that the East Sussex Pension Fund complies with the code of practice issued by the Pension Regulator.

Browse meetings and agendas, and view contact details for the members of the Pensions Board.

ACCESS

A Collaboration of Central, Eastern & Southern Shires

ACCESS was formed in compliance with the Government’s LGPS investment reform criteria. The East Sussex Pension Fund (ESPF) is a leading participant within the ACCESS pool, with 10 other administering authorities underpinning the establishment of the pool.

ACCESS’s collaboration was based on pooling investments via a Collective Investment Vehicle (CIV) that would be administered and maintained by a third party Operator. The eleven participating authorities have a clear set of objectives and principles that will drive the decision-making and allow participating authorities to continue to help shape the design of the Pool.

Objectives
Enable participating authorities to execute their fiduciary responsibilities to Local Government Pension Scheme (LGPS) stakeholders, including scheme members and employers, as economically as possible.
Provide a range of asset types necessary to enable those participating authorities to execute their locally decided investment strategies as far as possible.
Enable participating authorities to achieve the benefits of pooling investments, preserve the best aspects of what is currently done locally, and create the desired level of local decision-making and control.

Additional information about ACCESS/Joint Committee, agenda, notes from previous meetings are available on the Kent CC website

Scheme Advisory Board

The Local Government Pension Scheme Advisory Board is a body set up under Section 7 of the Public Service Pensions Act 2013 and The Local Government Pension Scheme Regulations 110–113.


The purpose of the Board is to both reactive and proactive. It will seek to encourage best practice, increase transparency and coordinate technical and standards issues.


It will consider items passed to it from the Ministry of Housing, Communities & Local Government (“MHCLG”), the Board’s sub-committees and other stakeholders as well as items formulated within the Board. Recommendations may be passed to the MHCLG or other bodies. It is also likely that it will have a liaison role with the Pensions Regulator. Guidance and standards may be formulated for local scheme managers and pension boards.

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