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About the Fund
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What about my AVCs?
Requesting a retirement pack?
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How my pension increases
Benefits for my family
What if I die before I start receiving my pension?
What happens if I die after I start receiving my pension?
What about my AVCs?
Who can receive benefits from the Fund?
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How do I transfer out
What is an approved scheme?
Transferring overseas?
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About the Fund
Trustee Committees
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Home
About the Fund
How the Fund is managed
Trustee Committees
The Trustee's advisers
The Employee Pensions Team
The Valuation process
Updating my details
How to update my contact details
What if I think something is incorrect?
What if my circumstances change?
How is my information kept safe
My Pension
Receiving my pension at NRA
Receiving my pension earlier than my NRA
Delaying receiving my pension until after my NRA
My choices at retirement
What about my AVCs?
Requesting a retirement pack?
Limits and taxation
How my pension increases
Benefits for my family
What if I die before I start receiving my pension?
What happens if I die after I start receiving my pension?
What about my AVCs?
Who can receive benefits from the Fund?
Transferring out
How do I transfer out
What is an approved scheme?
Transferring overseas?
Getting the right advice
Requesting a quote
Avoiding pension scams
Click here to log in to your
Member Portal
Trustee Committees
There are three Committees, made up of smaller groups of Trustee Directors. These Committees are:
Investment & Funding Committee (IFC) Meets quarterly to:
Monitor and implement investment decisions that reflect the strategic investment objectives of the Fund
Monitor the performance of the investment managers
Monitor the funding position of the Fund
Monitor the performance of the Fund against the flight plan and considers the actions required in accordance with the agreed de-risking protocol
Negotiates with the Society on the triennial valuation, and any associated deficit recovery plan and the exposure of the Fund to the covenant
Monitor all investment & funding risks recommending any necessary controls
Operations Committee (OC) Meets quarterly to:
Monitor administration performance and compliance against, and the appropriateness of, the service standards
Benchmark the performance of the Administrator
Oversee the implementation of all member communications
Monitor the annual budget.
Monitor all operational risks recommending any necessary controls
Monitor and consider Permanent Ill-Health
Early Retirement (PIER) processes
Governance Committee Meets twice a year to:
Monitor and review the Trustee Governance structure and the Terms of Reference for all the Committees
Monitor the Strategic Plan and the Trustee business plan
Review the Trustee Knowledge and Understanding
Review and agree the yearly audit plan and draft annual report and accounts
Monitor and review of all delegations under the Fund's delegations register
Have oversight of the Trustee risk process and undertake an annual review of the risk framework
Monitor and review all Trustee policies, agreements and protocol