The Pension Board is responsible for assisting the Secretary of State for Defence, as Scheme Manager, in ensuring compliance with the scheme regulations and other legislation relating to the governance and administration of the scheme and any statutory pension scheme that is connected with it.
Purpose of the Pension Board
In addition to the statutory responsibilities the Pension Board has 4 primary functions;
Responsibility for the effective and efficient governance of the Armed Forces Pension Schemes. To ensure that those in receipt of a pension receive accurate, timely benefits under the scheme rules and excellent customer service thereby ensuring that schemes are administered correctly and appropriately, and in accordance with regulations.
To oversee and input into communications with the scheme membership and other stakeholders and report back on any stakeholder views on business as usual or other additional communications.
To monitor all Pension Scheme material issues to ensure consistency of application and a seamless service for members.
To develop positive, co-operative working relationships with all of the stakeholders and provide a forum to receive feedback from them on issues with the scheme.
Pension Board Members
The Pension Board has an equal number of employer and employee members. Members represent the interests of all of the Schemes’ beneficiaries and stakeholders. There are 15 members (including the Chair) as follows:
Chair – Non Executive Director
Director Service Personnel Policy (D SP Pol) - 2* Civil Servant
Head of Remuneration (Hd REM) - 1* military, currently an Air Commodore
Director Resources Head (D Res Hd ) - 1* civil servant
Reserve Forces & Cadets Assistant Head Capability (RFC AHd Cap) - currently vacant
RN Pay Colonel - RN Capt
Army Pay Colonel - Col
RAF Pay Colonel - Gp Capt
Forces Pension Society (FPS)
Royal British Legion (RBL)
Single rep from the Forces’ Families Federations
Reservist Members’ Representative; a volunteer from the Chain of Command
Members’ Rep from the RN; a volunteer from the Chain of Command
Members’ Rep from the British Army; a volunteer from the Chain of Command
Members’ Rep from the RAF; a volunteer from the Chain of Command