With the Pensions Regulator having published its code of practice no 14 on governence and administration of public service pension schemes, the spotlight now falls on how newly formed pension boards are how they are managing the new governance requirements.

An early task for board members is to establish how they will undertake their new responsibilities, ranging from risk identification and management to monitoring compliance with scheme regulations. They will also need to dedicate time to the “knowledge and understanding” requirement (and may find the Regulator’s own online public sector toolkit useful for that).

We have recently delivered training to one local police board and advised on constitutional documents.