Administration Strategy

The key objectives of this strategy are to ensure that:

The Fund and Employers are aware of and understand their respective roles and responsibilities under the LGPS Regulations and in the delivery of administrative functions
The Fund operates in accordance with LGPS regulations and is aligned with The Pension Regulator in demonstrating compliance and scheme governance.
Communication processes are in place to enable both the Fund and Employers to proactively and responsively engage with each other and other partners.
Accurate records are maintained for the purpose of calculating pensions entitlements and Employer liabilities, ensuring all information and data is communicated accurately, timely and in a secure and compliant manner
The Fund and scheme employers have appropriate skills and that guidance/training is in place to deliver a high quality service and effectively contribute to the changing pensions agenda
Standards are set and monitored for the delivery of specified activities in accordance with Regulations.

A copy of Gwynedd Pension Fund's Administration Strategy can be fouund in the attachments section below.