Pensions Fund Annual Report 2011-12 , item 18. PDF 4 MB

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F u n d m a n a g e m e n t Attendance The table below sets out the attendance at quarterly Pensions Committee and Pensions Panel meetings in 2011/2012. Pensions Committee Committee 24/06/2011 28/10/2011 16/12/2011 23/03/2012 member Phillip Atkins Ray Barron Brian Beale Pat Corfield DRAFT Mike Maryon Michael Lawrence Stephen Sweeney Christina Jebb Geoffrey Locke Alan Knight Will Enes-Borlace n/a n/a Dawn Critchley n/a n/a n/a David Loades n/a n/a Eric Shaw n/a n/a n/a Steve Elsey n/a n/a n/a Alison Elsmore n/a n/a n/a n/a = not a member of the committee at the time of meeting. Pensions Panel memberDRAFT Panel member 24/05/2011 12/09/2011 29/11/2011 21/02/2012 AtkinsDRAFT JebbDRAFT Phillip Atkins Christina Jebb Mike Maryon Michael Lawrence Stephen Sweeney DRAFT PanelDRAFT Pensions 6
F u n d m a n a g e m e n t Administration The Director of Finance and Resources and his staff are responsible for the administration and accounting functions that relate to the investments of the fund. All transactions carried out by the funds investment managers are recorded and examined. The Director of Finance and Resources and his staff are also responsible for all administration related to recording each member’s years of service, working out benefits and paying pensions. The Director of Law and Democracy is responsible for providing legal advice. Advice The Pensions Committee and Pensions Panel take advice from the Director of Finance and Resources and external consultants appointed by the Pensions Panel, including a main investment consultant and two independent consultants. We review their performance annually. Training Recently the Pensions Committee approved an updated training plan for members and officers adopting the Chartered Institute of Public Finance and Accountancy (CIPFA) Knowledge and Skills Framework. The training will look to address six areas of knowledge. Legislative and governance. Accounting and auditing. Financial services, procurement, and relationship management. Investment performance and risk management. Financial markets and products knowledge. Actuarial methods, standards and practices. During the year Pensions Committee members received training on the impact of academies on the pension fund and updates on the reform of the LGPS. The Pensions Panel received training on hedge funds and on investing in alternative assets. Communication During 2011/2012 a review of the funds communication strategy took place and an updated document was approved by the Pensions Committee. The document is kept under review annually but has specifically been updated during 2011/2012 to meet the increased communications required by the reform of the LGPS. A copy of the updated communications strategy is available at www.staffspf.org.uk. Full details on the how the fund communicates with its members are available on page 24. DRAFT 7
Page 1 and 2: Staffordshire Pension Fund Annual r
Page 3 and 4: Contents 2 3 9 18 27 53 55 Chairman
Page 5 and 6: F u n d m a n a g e m e n t Governa
Page 7: 7 F u n d m a n a g e m e n t Pensi
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Page 21 and 22: F u n d m e m b e r s h i p Benefit
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Page 29 and 30: Financial statements Staffordshire
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Page 35 and 36: notesDRAFT DRAFT Assumptions The as
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Page 55 and 56: G l o s s a r y Glossary of terms A
Page 57 and 58: C o n t a c t s If you have any que

Pensions Fund Annual Report 2011-12 , item 18. PDF 4 MB

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