Issue - meetings

Report attached.

The Committee had been reminded that on 6 April 2005 the whistle blowing requirements of the Pensions Act 2004 had come into force. The basic requirement of this law was that nearly all persons who were involved with a pension scheme had a duty to report ‘as soon as reasonably practicable’ to the Pensions Regulator where they had ‘reasonable cause to believe’ that there had been a breach of law ‘relevant to the administration of the scheme’ which was ‘likely to be of material significance to the Regulator’. The Pensions Regulator had issued a Code of Practice (CP1) that set out guidance on how to comply.

The Code has discussed each of these issues, in particular what the regulator saw as materially significant.

For administering authorities and employers, an initial requirement had been to establish procedures to identify any breaches, and then evaluate and if appropriate report to the Regulator. These have been put in place during 2005 and part of this procedure was to undertake an annual review. This report represented the annual review for the year up to 30 September 2016.

Since the requirement had come into force on the 5 April 2005, no possible breaches have been reported to the named officer.

The Committee have noted the report.