2.1.2 To achieve these objectives – 2.1.3 Members of the Pension Committee require an understanding of: Their responsibilities as delegated to them by Northamptonshire County Council as an administering authority of an LGPS fund; The fundamental requirements relating to pension fund investments; The operation and administration of the Northamptonshire Pension Fund; Controlling and monitoring the funding level; and Effective decisions in the management of the Northamptonshire Pension Fund. Local Pension Board members must be conversant with – The relevant LGPS Regulations and any other regulations governing the LGPS; Any document recording policy about the administration of the Northamptonshire Pension Fund; and have knowledge and understanding of: The law relating to pensions; and Such other matters as may be prescribed. To assist in achieving these objectives, the Northamptonshire Pension Fund will aim for full compliance with the CIPFA Knowledge and Skills Framework and Code of Practice to meet the skill set within that Framework. Attention will also be given to the guidance issued by the Scheme Advisory Board, the Pensions Regulator and guidance issued by the Secretary of State. So far as is possible, targeted training will also be provided that is timely and directly relevant to the Pension and the Local Pension Committee’s Board’s activities as set out in the Fund Business Plan. For example, funding training will be given immediately preceding the meeting that discusses the Funding Strategy Statement. 2.1.6 In addition to the Pension Committee and Local Pension Board members, all those with decision making responsibility in relation to LGPS will: have their knowledge measured and assessed; receive appropriate training to fill any knowledge gaps identified; and seek to maintain their knowledge. 2.2 How the strategy meets Northamptonshire Pension Fund Objectives 2.2.1 The strategy meets the following objectives of the Northamptonshire Pension Fund as set out in the Business Plan and Medium Term Strategy -
2.1.2 To achieve these objectives – 2.1.3 Members of the Pension Committee require an understanding of: Their responsibilities as delegated to them by Northamptonshire County Council as an administering authority of an LGPS fund; The fundamental requirements relating to pension fund investments; The operation and administration of the Northamptonshire Pension Fund; Controlling and monitoring the funding level; and Effective decisions in the management of the Northamptonshire Pension Fund. Local Pension Board members must be conversant with – The relevant LGPS Regulations and any other regulations governing the LGPS; Any document recording policy about the administration of the Northamptonshire Pension Fund; and have knowledge and understanding of: The law relating to pensions; and Such other matters as may be prescribed. To assist in achieving these objectives, the Northamptonshire Pension Fund will aim for full compliance with the CIPFA Knowledge and Skills Framework and Code of Practice to meet the skill set within that Framework. Attention will also be given to the guidance issued by the Scheme Advisory Board, the Pensions Regulator and guidance issued by the Secretary of State. So far as is possible, targeted training will also be provided that is timely and directly relevant to the Pension Committee’s and the Local Pension Board’s activities as set out in the Fund Business Plan. For example, funding training will be given immediately preceding the meeting that discusses the Funding Strategy Statement. 2.1.6 In addition to the Pension Committee and Local Pension Board members, all those with decision making responsibility in relation to LGPS will: have their knowledge measured and assessed; receive appropriate training to fill any knowledge gaps identified; and seek to maintain their knowledge. 2.2 How the strategy meets Northamptonshire Pension Fund Objectives 2.2.1 The strategy meets the following objectives of the Northamptonshire Pension Fund as set out in the Business Plan and Medium Term Strategy -