How we run The Fund

Wiltshire Pension Fund Committee

Is the decision-making body responsible for running the Fund which meets around 8 times per year,   for more details about the scope and membership visit the Committees page. 

Local Pension Board

Oversees the management of the Fund to ensure that the Fund is operating in line with all strategies, policies, and legislative requirements, more information can be found on The Local Pension Boards page.

Further to the above, we also run an Employer Strategic Focus Group which is an informal way for the employers to engage with the Fund (via the officers and the employer representatives on the Pension Fund Committee) on strategic issues.  The group has been established to facilitate a 2-way dialogue, and to enable the employer representatives to feedback employers' views to the Committee.

Day-to-day, the Fund is run by the Pensions Team, visit our Get in touch page to read read more about the senior members of the team and their roles. 

In this section of the website, you can also read about the regulatory framework in which we operate, under compliance , find our policies and strategies , which set out how we do things, and find the reports from our triennial actuarial valuations , which set out our funding position, and establish the employers' contribution rates for the next three-year period.

Pension Committee 

The administration of the Fund is the responsibility of Wiltshire Council which is designated as 'Administering Authority' in the LGPS Regulations. The Council has delegated this function to the Wiltshire Pension Fund Committee.

The Committee meets eight times a year for normal business, and will also meet on an ad hoc basis to consider specific matters. Typically, the focus of meetings alternate between Investment & Administration. Investment focused meetings will monitor Brunel Pension Partnership & Investment Manager performance.

Committee Information:

• Members
• Meetings, papers and minutes

Local Pension Board

The Local Pension Board (LPB) oversees the management of Wiltshire Pension Fund.

The Board's role is to assist the Fund in ensuring the efficient and effective governance and administration of the LGPS. This means ensuring that the Fund is compliant with relevant legislation with the aim to safeguard the interest of all Pension Fund members and associated employer organisations.

The LPB sits alongside the Wiltshire Pension Fund committee in an oversight role, to assist by reviewing governance arrangements of the Fund and ensuring policies and procedures are correctly implemented and followed. The Board consists of three scheme member representatives, three employer representatives and one non-voting Independent Chair. 

Local Pension Board Information:

• Members
• Meetings, papers and minutes

Wilshire Council, the administering authority for the Wiltshire Pension Fund, aims to adhere to best practices principles on all matters of good governance.

We comply with the following regulations and authorities

• LGPS Regulations (opens new window)
• the Pensions Regulator (tPR) (opens new window)
• Financial Conduct Authority (FCA) (opens new window)
• legislation.gov.uk: Code of Practice and Data Protection Act 2018 (opens new window)
• National Cyber Security Centre (opens new window)
• Accessibility Regulations 2018 (opens new window)
• tPR Breaches of Law policy (opens new window)
• Action Fraud - reporting pension scams (opens new window)

Every three years the Fund's actuary is required to perform a valuation to review each employer's funding position and determine the required level of employer contribution rates. The next valuation is in 2025, where the actuaries will determine the required employer contribution rates from 1^st April 2026. The contributions rates will ensure that the Fund and its employers have sufficient assets to meet their liabilities. More details can be found on our Triennial valuations page.

Employer contribution rates are formalised within the Rates and Adjustment Certificate, see below for the current and previous versions:

WPF 2022 Valuation Report (PDF, 1 MB)(opens new window)

Revised Rates and Adjustments Certificate for CIPFA (PDF, 339 KB)(opens new window)

WPF 2019 Valuation Report (PDF, 1 MB)(opens new window)