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Report to: |
Governance Committee
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Date of meeting:
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23 January 2024 |
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By: |
Chief Finance Officer
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Title: |
East Sussex Pension Fund – Pension Board appointment
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Purpose: |
To appoint a representative to the Pension Board, in line with the constitutional requirement |
RECOMMENDATIONS
The Governance Committee is recommended to:
Agree the appointment of Nigel Manvell as an Employer Representative on the East Sussex Pension Board (for the period 23 January 2024 to 22 January 2028).
1. Background
1.1 The Local Pension Board of the East Sussex Pension Fund was set up to meet the requirements of the Public Service Pension Act 2013, requiring Funds in the Local Government Pension Scheme to have a Pension Board whose duties are to provide advice to the Administering Authority. The Pension Board is not a decision-making body. Under the East Sussex County Council Constitution appointments to the Pension Board are reserved to the Governance Committee.
1.2 The Pension Board consists of 3 employer representatives, 3 member representatives and an independent chair. There is currently a single vacancy for an employer representative.
2. Appointment of the Employer Representative
2.1 Brighton and Hove City Council informed the Pension Fund that the Employer Representative previously nominated for the position is unable to continue in the role and has put forward Nigel Manvell as their nominated replacement.
2.2 Nigel is Brighton and Hove City Council’s Chief Finance Officer and as such has the knowledge, insight and senior officer experience to support the work of the Pension Board. As an officer appointment, this adds a level of stability to the Pension Board, which has experienced a significant level of turnover due to the Councillors changing as a result of the electoral cycle.
3 Length of appointment
3.1 Pension Board members can be appointed for a term of up to 4 years, with the possibility of providing an extension of up to 2 years. In the event of a full term being offered, Nigel would be the only Pension Board member due for re-appointment in 2028. As such, Officers believe it would be beneficial for a full term of 4 years to be agreed by the Governance Committee.
4. Conclusion
4.1 The Governance Committee is recommended to agree the appointment of Nigel Manvell as an Employer Representative on the Pension Board for a term of 4 years (being 23 January 2024 to 22 January 2028).
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IAN GUTSELL |
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Chief Finance Officer |
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Contact Officer: |
Sian Kunert, Head of Pensions |
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Email: |
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