41 REGISTER OF BREACHES OF LAW PDF 83 KB
The Director, West Yorkshire Pension Fund, will present a report
(Document “AB”) which informs Members that, in accordance with the
Public Service Pensions Act 2013, from April 2015 all Public Service
Pension Schemes come under the remit of the Pensions Regulator.
Section 70 of the Pensions Act 2004 (the Act) imposes 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 Law is, therefore, maintained in accordance with the Pensions Regulators requirements and WYPF Breaches Procedure.
Recommended –
That the entries on the Register of Breaches of Law be noted.
(Caroline Blackburn – 01274 434523)
Additional documents:
Decision:
Resolved –
That the entries on the Register of Breaches of Law be noted.
ACTION: Director, West Yorkshire Pension Fund
Minutes:
The Director, West Yorkshire Pension Fund, presented a report
(Document “AB”) which informed Members that, in accordance with the
Public Service Pensions Act 2013, from April 2015 all Public Service
Pension Schemes come 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 Law was, therefore, maintained in accordance with the Pensions Regulators’ requirements and WYPF Breaches Procedure. It was acknowledged that the register was being discussed at the meeting to be held at the conclusion of the current meeting and it was agreed that the updated version could be considered in more detail at that time.
Resolved –
That the entries on the Register of Breaches of Law be noted.
ACTION: Director, West Yorkshire Pension Fund