Who runs the pension fund

The Shetland Islands Council Pension Fund is administered by Shetland Islands Council.

This means that Shetland Islands Council is the "administering authority" as defined by the Local Government Pension Scheme Regulations.

Shetland Islands Council has established a Pensions Committee and a Pensions Board.  The Pensions Committee makes decisions and takes responsibility for management of the fund.  The Pensions Board ensures that the scheme is being effectively governed and managed.

Administering authorities have to act in the interests of all employers, members and their dependants within the fund. The role of the administering authority is very similar to that of a trustee.

Responsible Officer of Shetland Islands Council Pension Fund

Jamie Manson, Executive Manager Finance

Pension and Investment Administration

Mary Smith, Expenditure Team Leader and her team provide pension administration services

Colin Bain, Treasury Accountant and his team provide investment services

 

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