Local Pension Board Survey
Regulation 4a of The Firefighters’ Pension Scheme (Amendment) (Governance) Regulations 2015 required Fire and Rescue Authorities (FRAs) to establish local pension boards by 1st April 2015 to assist them in the effective administration and governance of the scheme.
Given the passage of time since the establishment of local pension boards, the Scheme Advisory Board considers that it would be appropriate and timely to test the effectiveness and operational efficiency of the new governance arrangements with particular emphasis on the role and function of local pension boards and interaction with their scheme manager.
The web based survey at: http://fpsboard.org/survey.php
is intended to enable the Scheme Advisory Board to identify any areas of the legislation or related guidance affecting local pension boards that may need to be reviewed to ensure that the statutory requirements of the 2015 Regulations and code of practice issued by the Pensions Regulator are being met. Where appropriate, the Board may make recommendations to the Home Office for any regulatory changes that are considered necessary.
All relevant stakeholders are invited to participate in the survey and, to ensure impartiality, the link to the survey has been sent separately to FRA scheme managers, practitioners, and their local pension board who are welcome to complete the same survey independently. However, this is not to exclude any scheme manager and their local pension board from collaborating on their respective responses where this is agreed locally. In cases where either a combined board or joint local pension board has been agreed by the Secretary of State, the survey should be completed by the Chair of the combined board or joint board with the agreement of the majority of board members.
The link to the survey has also been circulated to other interested bodies, including relevant government departments, and FRAs are invited to publicise the survey locally on their websites.
The survey will run for a minimum period of six weeks, and a further email will be sent in due course to confirm the closing date.
It is appreciated that FRAs and their local pension board are also in the process of completing the Pension Regulator’s Governance and Administration survey 2017. The Regulator will not be disclosing individual data to third parties whereas, unless you confirm otherwise, the Scheme Advisory Board will be able to make greater use of individual responses to their survey in assessing whether any changes to regulations or guidance need to be made, or where further training may be developed.
Please note: the Local Pension Board Survey has now closed and we are analysing the responses.