The role of the
Pension Board is defined in Sections 5(1) and (2) of the Public
Service Pensions Act 2013, and is to assist the Isle of Wight
Council Administering Authority as Scheme Manager:
To secure compliance with the Local Government Pension Scheme
(LGPS) regulations and any other legislation relating to the
governance and administration of the LGPS.
To secure compliance with requirements imposed in relation to the
LGPS by the Pensions Regulator.
In such matters as the LGPS regulations may specify.
To secure the effective and efficient governance and administration
of the LGPS for the Isle of Wight Council Pension Fund.
Terms of Reference for this Board can be found in the