6 Pensions Administration Activity and Performance Update PDF 289 KB
Additional documents:
Minutes:
Vicky Jenks, Pensions Admin Delivery Lead, presented this report which provided an update on key developments affecting Fire pensions administration and the performance of the Pensions Administration Service, including breaches, Internal Disputes, McCloud/Sargeant and immediate detriment cases and outsourcing of the Firefighter Pensions Administration Service and Pensioner Payroll.
The Chair sought clarity on the actions that the successful bidder for the outsourcing of the firefighter pensions administration (West Yorkshire Pension Fund) would be taken with regard to the remedy position and the requirements of scheme managers. Vicky Jenks advised that bidders had been required to address this question in their tender responses but there were still many unknowns with regard to the legislation that was coming through. The Chair sought further clarification that scheme members would be updated and Vicky Jenks advised that members would be contacted to update them on the transfer and advise who the new provider was.
Responding to a question from the Chair regarding breaches, Vicky Jenks advised that there was a breaches log that could be shared. She noted that Annual Benefit Statements had been issued but a very limited number had not gone out on time due to outstanding information and some thought was being given as to whether The Pensions Regulator needed to be informed.
The Board noted the report.