Everyone who has a role in the fund including members of the pensions and investments committee, members of Derbyshire pension board and fund officers, has a duty to report breaches of law when they have reasonable cause to believe that a breach has occurred as follows:
- a legal duty relevant to the administration of the scheme has not been, or is not being, complied with, and
- the failure to comply is likely to be of material significance to the Pensions Regulator
Breaches can occur in relation to a wide variety of the tasks normally associated with the administrative function of a scheme such as keeping records, internal controls, calculating benefits and making investment or investment-related decisions.
In line with guidance issued by The Pensions Regulator, we have a policy and procedure for ensuring those responsible for reporting and whistle blowing can identify, assess and report (or record if not reported) a breach of law relating to the fund.
The fund’s reporting breaches policy is attached to this page.
Links to useful documents