Who runs the pension fund

The Isle of Wight Pension Fund is run by Isle of Wight Council.

This means that the Isle of Wight Council is the "administering authority" as defined in the Local Government Pension Scheme Regulations.

Administering authorities have to act in the interests of all employers, members and their dependants within the fund. The role of the administering authority is very similar to that of a trustee.

Pensions Services at Isle of Wight Council look after the day to day running of the fund.

Pensions Manager – Matthew Collier

Pension Committee

In accordance with the Local Government Pension Scheme Regulations and associated legislation, the Pension Committee is responsible for the management and administration of the Fund, including investment decisions. 

Browse meetings and agendas, and view contact details for the members of the Pensions Committee.

ACCESS - A Collaboration of Central, Eastern & Southern Shires

The Government requires LGPS Funds to work together more closely to pool investments to significantly reduce costs, while maintaining investment performance.  In response eleven like-minded LGPS Funds, including the Isle of Wight Fund, are working together under the name of ACCESS (A Collaboration of Central, Eastern and Southern Shires) in order to achieve this aim. The ACCESS pool officially commenced operation
from 1 April 2018.

Additional information about ACCESS can be found here.

Pension Board

In accordance with the Public Service Pensions Act 2013 Isle of Wight Council established a Pension Board, responsible for assisting the Council in its role as the administering authority in securing compliance with all relevant pensions law, regulations, directions and any code of practice issued by the Pensions Regulator.

Browse meetings and agendas, and view contact details for the members of the Pensions Board.

Helpful information