The Admission of Sports and Leisure Management Ltd to the London Borough of Havering Pension Fund
Minutes:
The Committee was advised that Sports and Leisure Management Ltd (SLM) would be entering in to a new ‘closed agreement’ as an admitted body in the Havering Pension Fund.
The continued admission of Sports and Leisure Management Ltd in the London Borough of Havering Pension Fund as an admitted body enabling 51 members of SLM staff currently covered by the existing closed Admission Agreement and enable 2 members of Council staff transferring to SLM under TUPE arrangements to continue membership of the Local Government Pension Scheme (LGPS), was noted, subject to:
1. All parties signing up to a new Admission Agreement, and
2. An indemnity or Insurance bond in an approved form with an authorised insurer or relevant institution, being put in place to protect the pension fund.