Pensions policies

The Local Government Pension Scheme Regulations (2013) requires our pension fund to publish the following policy statements.

Administering authority discretionary policy

Our administering authority discretionary policy outlines the fund’s position on a number of LGPS discretions.

BPF Administering Authority Discretionary Policy PDF, 234KB, 13 pages

Communication policy statement

This outlines the fund's position on:

• the provision of information and publicity about the Scheme to members, employers and representatives of members participating in the Fund.
• the promotion of the Scheme to prospective members and their employing authorities.
• the format, frequency and method of distributing such information or publicity
• our communication with Fund staff

This communication policy statement is reviewed every three years in line with the triennial valuation and a revised version will be re-published following any material change.

BPF Communication Policy Statement PDF, 246KB, 6 pages

Data improvement plan

This plan aims to address data quality issues for both common and scheme specific data, as identified in the Annual Data Quality Report. It sets out the steps we will take in order to address the errors identified and the processes that will be undertaken to correct these errors.

BPF Data Improvement Plan PDF, 195KB, 4 pages

Governance compliance statement

These cover whether the administering authority delegates its functions in relation to the pension fund to a committee, a sub-committee or an officer of the Council; and where this is the case, details of: 

• the frequency of any committee's meetings
• the terms of reference, structure and operational procedures in relation to the use of delegated powers

They also cover whether the committee includes representatives of employers or scheme members; and if so, whether they have voting rights. 

The compliance statement sets out our arrangements for discharging our responsibilities for pension fund matters. 

BPF Governance Compliance Statement PDF, 204KB, 7 pages

Pension administration strategy

This outlines the administering authority's position on the:

• procedures for liaison between administering authority and participating employers
• required levels of performance for both the administering authority and participating employers and action to be taken where targets are not met

BPF Pension Administration Strategy and Charging Schedule PDF, 263KB, 17 pages

Reporting breaches of law policy

This document sets out the procedures to be followed by certain persons involved with our pension fund, in relation to reporting breaches of the law to the pensions regulator. 

BPF Reporting Breaches of Law Policy PDF, 324KB, 13 pages