As chair of pensions committee, i am pleased to present merseyside pension fund s annual report forthe year ended 31 march 2017. Section 3 local pension board annual report 7 pension boards overview of wypf pension board in accordance with section 5 of the public service pensions act 20 the act and under 106 of the local government pension scheme regulations 20, west yorkshire pension fund pension oard was established on 1st april 2015. The chief constable of merseyside police annual financial. The health of retirement funds in south africa soars ahead of its neighbours, which face great obstacles, such as underdeveloped. To distribute the burden to taxpayers over the threeyear period to 20162017, a contribution from the service modernisation fund has been made in 20142015 to a value of. Merseyside pension fund s annual report for the year ended 31 march 2017. Lgps scheme advisory board fund annual reports 2015. Pension fund annual report 201516 royal borough of. These statements were audited by grant thornton, llp and include an unmodified opinion for the years ending dec. Following county council election in may 2017, there were four new members appointed to the pension fund committee, including a new chair. Pension fund s annual report provides a comprehensive organizational financial report for the previous year, as well as other important highlights and milestones. Lgps scheme advisory board fund annual reports 2019. However, the challenges of running a pension fund in the current environment continue and are driven by 3 main factors.
I commented then that we had successfully established the board in accordance with the regulations, but were still. The aim of the report is to highlight the important issues affecting the fund over the last twelve months, as well as providing general information regarding the pension. The inhouse support teams aim to provide a quality service to meet the needs of the fund s stakeholders. West yorkshire pension fund 14 section 3 local pension board annual report annual report of the west yorkshire pension fund pension board 20182019 introduction i am pleased to present the report of the local pension board of west yorkshire pension fund wypf for the year 20182019. Signed for and on behalf of the trustees of the abc group pension scheme on 16 september 2015. Annual report 2017 pdf financial statements 2017 pdf interim reports 2017. Royal borough of kensington and chelsea pension fund annual report 2015 16 4 introduction the pension fund is part of the national local government pension scheme lgps and is administered locally by the royal borough of kensington and chelsea council. The police and crime commissioner for merseyside annual. In its capacity as scheme manager the council is authorised to manage the pension funds assets and liabilities and carry. I am pleased to introduce the annual report for the financial year 2015 16. A printed copy of this newsletter, will be posted to pensioners home addresses shortly. The police and crime commissioner for merseyside annual financial report 2015 16. Pool with merseyside pension fund and west yorkshire.
Care each of the above police pension schemes provide their own specific key features and pension benefits. Results annual report 2016 government pension fund global the return in 2016 was characterised by falling international interest rates in the first half, and strong equity markets in the second half. The aim of the report is to highlight the important issues affecting the fund over the last twelve months, as well as providing general information regarding the pension scheme. However, since the local government accounts and audit regulations 2015 brought. In april 2015, gmpf and the london pensions fund authority. Term of office method of appointment cambridgeshire county council 6 4 years from county council elections. Investments pension fund s investment objective is to achieve a maximum total rate of return for assets at a risk level consistent with prudent management. Welcome to the annual report and accounts for the orkney islands council pension fund for the year ended 31 march 2015. In order to view the pdf documents, you will need to download the adobe acrobat reader.
Gives public assurance that the council has proper arrangements in place to manage its affairs. The bridges sib fund is the lead i nvestor in its successor programme unlocking potential, also delivered by career connect and cocommissioned by dwp innovation fund alongside the five local authorities across merseyside all schedule employers in merseyside pension fund. The protocol for the local board can be found on the funds website, mssuk. However, since the local government accounts and audit regulations 2015 brought forward the deadline, from 2018, to 31st july, from 2018 onwards, many. Pension fund annual report 201516 london borough of. Submitted by administrator on september 29, 2015 12. Merseyside pension funds annual report for the year ended 31 march 2017. Background governance of pension funds pension funds and. Highland council pension fund 2015 16 unaudited annual report and annual accounts 2015 16 4 many of the fund s activities are managed inhouse and are accountable to the pensions committee and board, fund employers, and scheme members. London pensions fund authority pension fund annual report. Kier services provide a pension website for serving and former police officers. In preparing and publishing the pension fund annual report, the.
Responsible investing annual report 201617 avon pension fund. The local government pension scheme amendment scotland regulations 2014 require the council, as administering authority for the fund, to produce a separate statement of accounts for the pension fund and incorporate it into. The resultant position in relation to general fund balances is shown below. The current deficit in the lgps will be managed through future employee and employer contributions. Further changes to the annual allowance were made for higher earners from 6 april 2016, which resulted in special transitional rules for the 201516 tax year. Along with all the other lgps funds, the devon fund was required to put in place a pension board by 1 april 2015. The law governing the operation of the prison officers pension fund of new jersey provides for annual actuarial valuations of the fund. Annual report and accounts for the pension fund 20142015. Government actuarys department local government penson. The annual responsible investment report summarises the activities undertaken. The pension fund panel the pension fund panel the panel is responsible for overseeing the management of the royal borough of kingston upon thames pension fund, including investments, actuarial work, administration and fund. The year began with the biggest change in local government pensions for a generation. Economic activity in anguilla was estimated to have expanded by 2.
Uk public pension funds establish private equity vehicle. The board secretariat will upload lgps pension fund annual reports for 2016 on this page as it is. Merseyside pension fund provides pensions for local authority employees in the merseyside region. In 201516 the local pension board was introduced in accordance with the. Local authority pension fund forum local authority pension fund forum annual report 2015 designed by west midlands pension fund 1115 lapff annual report 2015. A glossary of terms has also been prepared and is included at the end of the statement of accounts to assist readers in understanding the technical accounting terminology. This report highlights the key issues affecting the results of merseyside fire and rescue authority the authority and the preparation of the authoritys financial statements for the year ended 31 march 2016. A year ago, i wrote my first report as the independent chair of the lancashire county pension funds local pension board lpb. Pension fund retirement savings programs remained in a strong financial position in 2016. Even with this modest contraction, pension fund s pension and. Ongoing concerns over global trade wars and a rush to selloff it stocks have contributed to significant volatility in global. The audit findings for merseyside fire and rescue authority. The valuation shows the financial condition of the fund as of.
An important product launch was the development of ftse epras nareit green indexes, a climate riskadjusted extension to the ftse epra nareit global real estate index series, the worlds leading series of listed real estate benchmarks. We take into consideration the safety of principal and income, the. Approval of accounts i confirm that these accounts were. Cumbria local government pension scheme and accounts 201516. Merseyside, greater manchester pension fund and west yorkshire pension fund have formed the northern pool in line with the uk governments policy for the local government pension scheme lgps. Helens council statement of accounts 20142015 25 june. What this report covers background and remit approach to scrutiny. The annual audit letter for merseyside fire and rescue. The actuarial position of the scheme is dealt with in the statement by the actuary contained within. Merseyside pension fund castle chambers, 43 castle st, l2 9sh liverpool rated 1.
Merseyside pension fund will no longer post a payslip to pensioners home addresses each april. The financial year 201516 began with the us economy recovering from the. We also read the narrative report and annual governance statement to check they. The board secretariat will upload lgps pension fund annual reports for 2018 on this page as it. London pensions fund authority pension fund annual report 201718. Like all public sector organisations, the fund must streamline its costs to ensure that services to members are costeffective. The publications are in adobe pdf format only more information about pdf form at. As with other local government pension schemes, elected members from the liverpool city region set the funds investment strategy and framework. Annual report city of westminster pension fund 201516. Anguilla is a member territory of the eastern caribbean central bank. Note that clause 57 of the lgps regulations sets the deadline for publication of the pension fund annual report. Merseyside pension funds annual report for the year ended.
The gmpf local pensions board was established early in 2015 and became operational from april 2015. Merseyside said it would probably contribute around. This site is a hub of pension information which will hopefully serve you well during your career and in your retirement. Welcome to the 201819 annual report of the greater manchester pension fund gmpf. The fund recognises that transparency and disclosure of its responsible investing policy and activities is an important element of being a responsible investor. Sefalana annual report 2015 overview executive reports annual financial statements company profiles sefalana annual report 2015 executive. Annual reports entrusted with the responsibility of carrying out the mandate on the pension funds adjudicator and the deputy adjudicators annual reports. The file size of the document is displayed next to the link. In 201516 a local pensions board was introduced in accordance with. Scottish borders council pension fund annual report and accounts for the year to 31 march 2016 5 governance and decision making following the significant changes required in the governance arrangements which came into force on 1 april 2015 the pension fund board was established. United nations joint staff pension fund annual report. Pension scheme example financial statements guide 2015.
During 2016 calendar year the board has met in march 2016 and in november. Kevas interim report 1 january to 30 september 2017 pdf. Cumbria local government pension scheme annual report and accounts 201516 cumbria. Merseyside pension fund welcome to the local government. The police officer pension scheme is underwritten by the home office who provide an annual topup grant to fund the difference between pension payments and income from employee and employer contributions. The board annual report is included within this annual report. The increase in the value of the pension fund is due to investment gains and an excess of employer and employee contributions over benefits payable. Moreover, the funds narrow focus on one property type enables mpf to diversify its sources of return and spread its risk within its property allocation. The pension fund membership increased during the financial year by 345 to 6,567. In order to view or print documents in pdf format, you will need adobe reader. Wirral council is the administering authority of the merseyside pension fund under the local government pension scheme regulations 20 and is the scheme manager as defined by section 4 of the public service pension act 20. It is a contributory defined benefit pension scheme governed by the.
The time covered during this report has been one of the most turbulent in the world of pensions in recent memory. The results of the july 1, 2015 valuation are submitted in this report, which also includes a comparison with the preceding years valuation. As chair of pensions committee, i am pleased to present merseyside pension fund s annual report for the year ended 31 march 2019. The board secretariat will upload lgps pension fund annual reports for 2019 on this page as it is made aware of their publication. As chair of pensions committee, i am pleased to present merseyside pension funds annual report for the year ended 31 march 2019.
This is the fifth year that the fund has published its responsible investment annual report. Included in the annual report are the combined financial statements of pension fund of the christian church disciples of christ, inc. Fund annual reports 2016 lgps scheme advisory board. The wypf pension board was established as a result of the. Lancashire local pension board annual report 201617.
I am pleased as the chairman of the pension fund committee to present the annual report of the pension fund committee for the year ended 31 march 2016. Fund annual reports 2018 lgps scheme advisory board. Mission the mission of the opfa is to resolve complaints in terms of the act. Schindler pension fund annual report and financial. Financial statements record the transactions of the scheme during the year ended. A transparent report of all of our audited financials. Pension scheme example financial statements guide 2015 2.
Merseyside mercer this report is addressed to the administering authority of the merseyside pension fund the administering authority and is provided to meet the requirements of regulation 62 of the local government scheme. This annual report has been produced in accordance with regulation. Audit findings for the merseyside fire and rescue authority for the year ending 31 march 2016 cllr leslie byrom chair of the policy and resources committee merseyside fire and rescue authority fire service hq bridle road bootle merseyside guidance note red text is generic and should be updated specifically for your client. The biggest news is that bernie corbett has stepped down after more than 15 years as our general secretary. Hertfordshire pension fund annual report and statement of accounts annual report and statement of accounts 201819 annual report and statement of accounts 201718 annual report and statement of accounts 201617 annual report and statement of accounts 2015 16 annual report and statement of accounts 201415. Npep, a limited partnership, was incorporated on 22 may. The prison officers pension fund of new jersey annual. Insurance companies, pension funds and nominee companies 195 883 299 87. Chair of the local authority pension fund forum lapff annual report 2016. The annual audit letter for merseyside fire and rescue authority. The fund has published its annual newsletter for lgps pensioners, the honeypot. West yorkshire pension fund section 3 local pension board annual report west yorkshire pension fund pension board annual report foreword west yorkshire pension funds local pension board was established in april 2015 as required by section 5 of the pension act 20. Mpf was a member of the investing for growth initiative, a collaboration of a number of local authority pension fund.
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