This section of the website provides information and supporting documentation for all members of the Environment Agency Pension Fund, stakeholders, Pension Committee and Pension Board.
The Public Service Pensions Act 2013 requires the establishment of a Pension Board from 1 April 2015. The Board will assist the Pension Fund in further developing its governance, and in assuring compliance with regulation, and the requirements of the regulator.
The Act requires equal representation on the Pension Board between employers and members. The EAPF has an existing Pensions Committee that has this equal representation, and this Committee will continue to run parallel to the new Pension Board.
The Pensions Committee principal aim is to consider pension matters and safeguard the interests of all pension fund members.
The Committee has 14 members:
The Pension Board has 10 members:
Membership of the Pension Board will be the members of the Pensions Committee less the 2 Executive Directors members of the Environment Agency and 2 Active Scheme Members, so the Pension Board will normally be 10 remaining Pensions Committee Members.
The Pension Fund Management Team supports the Pensions Committee and Pension Board by supervising the day to day operation of the EAPF. Further information on the management of the Fund can be found in our Governance Compliance Statement
The Fund follows industry best practice in assessing and establishing policies to identify and mitigate risk and makes use of external advisers where this is appropriate.
For information relating to the ongoing stewardship of the Fund, please see the Investment Section of the website.