Fund Governance Manager needed in Trowbridge, £50,788 to £52,805 per annum – Reference: 1547832
1. The purpose of the Fund is to meet all future pension liabilities of its scheme members, whilst at the same time seeking to minimise the contributions that need to be paid into the Fund by the employer bodies. The level of employer contributions is assessed every three years through an actuarial valuation of the Fund.
2. The correct administration is critical to ensure the Fund operates within various, complex regulatory requirements and avoids fines by the Pension Regulator along with the associated reputational risk.
3. The management of the Fund’s assets and liabilities is attributable to its solvency and determines the level of contributions to be paid by employer’s organisations, a significant cost for them (circa. £40m per annum for Wiltshire alone) and for many smaller employers this has a direct impact on their financial viability.
4. The Wiltshire Pension Fund ensures all pension benefits are paid correctly, on a timely basis and in line with the scheme regulations. It manages the relationships with the Fund’s 170 scheme employers, overseeing the admission and cessation of these organisations.
5. It monitors and reviews the investment strategy of the Fund and brings forward proposals for improvement as appropriate to ensure the assets and costs of the Wiltshire Pension Fund are accounted for and reported correctly and legally. Investment manager services are procured on behalf of the Fund via the Brunel Pension Partnership, of which the Fund participates together with 9 other LGPS Funds.
This is a full time role on a Permanent basis.