Issue - meetings

REGISTER OF BREACHES OF LAW

Meeting: 26/07/2018 - West Yorkshire Pension Fund Joint Advisory Group (Item 17)

17 REGISTER OF BREACHES OF LAW pdf icon PDF 92 KB

The Director, West Yorkshire Pension Fund, will present a report

(Document “L”) which informs Members that, in accordance with the Public Service Pensions Act 2013 all Public Service Pension Schemes now come under the remit of the Pensions Regulator.

 

Section 70 of the Pensions Act 2004 (the Act) impose a requirement to report a matter to the Pensions Regulator as soon as it is reasonably practicable where that person has reason to believe that:

 

(a)  A legal duty relating to the administration of the scheme has not been or is not being complied with, and

(b)  The failure to comply is likely to be of material significance to the Pensions Regulator in the exercise of any of its functions.

 

A register of any breaches of the Pensions Code of Practice is maintained in accordance with the WYPF Breaches Procedure.  The Register of Breaches 2017/18 and 2018/19 are appended to Document  “L”.

 

Recommended –

 

That Document “L” and the entries on the Breaches Register appended to Document “L” be noted.

 

(Rodney Barton – 01274 432317)

Additional documents:

Decision:

Resolved –

 

That Document “L” and the entries on the Breaches Register appended to Document “L” be noted.

 

ACTION: Director, West Yorkshire Pension Fund

 

(Rodney Barton – 01274 432317)

Minutes:

The Director, West Yorkshire Pension Fund, presented a report

(Document “L”) which informed Members that, in accordance with the Public Service Pensions Act 2013 all Public Service Pension Schemes now came under the remit of the Pensions Regulator.

 

Section 70 of the Pensions Act 2004 (the Act) imposed a requirement to report a matter to the Pensions Regulator as soon as it was reasonably practicable where that person had reason to believe that:

 

(a)  A legal duty relating to the administration of the scheme has not been or is not being complied with, and

(b)  The failure to comply is likely to be of material significance to the Pensions Regulator in the exercise of any of its functions.

 

A register of any breaches of the Pensions Code of Practice was maintained in accordance with the WYPF Breaches Procedure.  The Register of Breaches 2017/18 and 2018/19 were appended to Document “L”.

 

Resolved –

 

That Document “L” and the entries on the Breaches Register appended to Document “L” be noted.

 

ACTION: Director, West Yorkshire Pension Fund