Tameside MBC delegates the day to day running of GMPF to a committee called the Pension Fund Management Panel. The panel set up three working groups that consider areas of Greater Manchester Pension Fund’s work in more detail and make recommendations. An Advisory Panel supports the Management Panel and Director of Pensions.
Management Panel
Cllr Eleanor Wills
Tameside
- Chair of the Pension Fund and Executive Leader of Administering Authority (Tameside)
- Chair of Policy and Development Working Group
Cllr Jack Naylor
Tameside
- Vice Chair (1st Deputy) of the Pension Fund
- Chair of Investment Monitoring and ESG Working Group
- Administration and Employer Funding Viability Working Group
- Policy and Development Working Group
Cllr Mike Smith
Tameside
- Deputy Chair (2nd Deputy) of the Pension Fund
- Chair of Administration and Employer Funding Viability Working Group
- Investment Monitoring and ESG Working Group
Cllr Liam Billington
Tameside
- Administration, Employer Funding and Viability Working Group
Cllr Laura Boyle
Tameside
- Investment Monitoring and ESG Working Group
Cllr Warren Bray
Tameside
- Administration and Employer Funding Viability Working Group
Cllr Jackie Lane
Tameside
- Investment Monitoring and ESG Working Group
Cllr Charlotte Martin
Tameside
- Administration and Employer Funding Viability Working Group
Cllr David Mills
Tameside
- Administration and Employer Funding Viability Working Group
Cllr Susan Quinn
Tameside
- Investment Monitoring and ESG Working Group
Cllr Vincent Ricci
Tameside
- Administration, Employer Funding and Viability Working Group
Cllr John Taylor
Tameside
- Investment Monitoring and ESG Working Group
Cllr Denise Ward
Tameside
- Administration and Employer Funding Viability Working Group
Cllr Sean Thorpe
Bury
- Administration and Employer Funding Viability Working Group
Cllr Rabnawaz Akbar
Manchester
- Policy and Development Working Group
Cllr Abdul Jabbar
Oldham
- Investment Monitoring and ESG Working Group
Cllr Carol Wardle
Rochdale
- Policy and Development Working Group
Cllr Jack Youd
Salford
- Investment Monitoring and ESG Working Group
Cllr Jilly Julian
Stockport
- Investment Monitoring and ESG Working Group
Cllr Joanne Harding
Trafford
- Administration and Employer Funding Viability Working Group
Cllr Nazia Rehman
Wigan
- Administration and Employer Funding Viability Working Group
Petula Herbert
Ministry of Justice
- Policy and Development Working Group
Advisory Panel
Employer representatives
Councillor E Wills – Tameside (Chair)
TBC - Bolton
Councillor S Thorpe - Bury
Councillor R Akbar - Manchester
Councillor A Jabbar – Oldham
Councillor C Wardle - Rochdale
Councillor J Youd - Salford
Councillor J Julian - Stockport
Councillor J Harding - Trafford
Councillor N Rehman – Wigan
Employee representatives
Ken Drury
UNITE
- Investment Monitoring and ESG Working Group
Frank Llewellyn
UNITE
- Administration and Employer Funding Viability Working Group
John Thompson
UNITE
- Policy and Development Working Group
Gale Blackburn
UNISON
- Administration and Employer Funding Viability Working Group
Scott Caplan
UNISON
- Investment Monitoring and ESG Working Group
Alan Flatley
GMB
- Investment Monitoring and ESG Working Group
- Administration and Employer Funding Viability Working Group
Observers
Councillor John Taylor - Stockport
External advisors
Two external advisors assist the Advisory Panel regarding investment related issues. The advisors are:
P Moizer - Professor and Dean of Business School, University of Leeds
M Powers - Retired Investment Manager
Terms of Reference
The terms of reference for the Management Panel outline its responsibilities, as set out below.
Management Panel responsibilities
The Panel’s specific functions and responsibilities include, but are not limited to, the following:
- Setting the overall strategic direction for the Fund’s activities and establishing priority objectives for the Director of Pensions.
- Approving an annual business plan and monitoring performance against key objectives.
- Setting the terms of reference for the Fund’s Advisory Panel and Working Groups and appointing members to each.
- Appointing independent advisors to advise the Management Panel and independent observers to participate in the Advisory Panel.
- Receiving reports from the Working Groups, Local Pensions Board and Director of Pensions and making decisions taking into account their recommendations.
- Providing guidance to the Director of Pensions and other officers in exercising their delegated powers.
- Approving the allocation of resources and an operational budget for the Fund each year and receiving reports on spending.
- Reviewing and approving all statutory policies of GMPF.
- Ensuring there is an effective system of financial control in place and regular scrutiny of the Fund’s audit plans, the reports prepared by Tameside MBC’s Internal Audit team and those prepared by the External Auditors.
- Ensuring an effective risk management strategy is in place and there is adherence to the Fund’s Risk Management Policy and regular scrutiny of the whole fund risk register.
- Determining the Fund’s investment strategy, responsible investment policy and its core investment beliefs and arranging the management of the Fund’s investments.
- Providing direction to the Northern LGPS and undertaking any functions necessary in relation to it.Monitoring investment activity and performance and taking independent and specialist advice on matters to be determined.
- Determining the Fund’s administration and governance arrangements, overseeing administration activities, performance, and the payment of benefits.
- Assessing employer funding arrangements and approving the funding strategy statement, as well as overseeing the triennial actuarial valuation process.
- Approving the annual report and accounts.
- Monitoring developments within the LGPS and the wider pensions landscape and assessing the impact of these developments on the Fund, together with subsequently setting or amending any related polices or governance arrangements.
- Considering views expressed to the Management Panel by the Local Pension Board, scheme employers, scheme member or pensioner representatives.
- Making representations to the Government about any planned changes to the Local Government Pension Scheme or related legislation, and approving responses to consultations as and when required.
- Approving the training plans for all elected members and officers with delegated responsibilities for the management and administration of the Scheme.
- Promoting equality, diversity, and inclusion, and encouraging all views to be expressed and considered.
- Any other area within the statement of purpose as the Management Panel deems appropriate.