Tameside MBC became the Fund’s administering authority in 1987, and established a management structure which is still the backbone of the operation today.
Pension Fund Management Panel
The Management Panel carries out a similar role to the trustees of a pension scheme. They are the key decision makers for:
Investment management
- Monitoring investment activity and performance
- Overseeing administrative activities
- Guidance to officers in exercising delegated powers
Pension Fund Advisory Panel
The Pension Fund Advisory Panel works closely with the Management Panel, and advises them in all areas. Each local authority is represented on the Advisory Panel, and there are six employee representatives nominated by the North West TUC.
External advisors
Three external advisors assist the Advisory Panel, in particular regarding investment related issues. A key element is helping them to question the portfolio managers on their activities. The advisors are:
RS Bowie BSc, FFA, Partner, Hymans Robertson
J Hemingway, BA(Econ) - Investment Manager
P Moizer MA (Oxon), MA(Econ), PhD, FCA, Professor, University of Leeds.
Working groups
The Fund also has four working groups which consider particular areas of its activities and make recommendations to the Management Panel. These working groups cover:
- Ethics & Audit
- Local Initiatives & Venture Capital
- Information Services
- Property
Management Panel
Councillor SR OLdham CBE, CEng, MIMechE - Tameside (Chair)
Councillor M Wareing MBE - Tameside (Deputy Chair)
Councillor S Ballagher - Tameside
Councillor GP Cooney - Tameside
Councillor D Dickinson - Tameside
Councillor C Grantham - Tameside
Councillor PJ Joinson - Tameside
Councillor J Middleton - Tameside
Councillor K Quinn - Tameside
Councillor M Whitley - Tameside
Councillor P Wilkinson - Tameside
Councillor J Byrne - Bolton
Councillor A Khan - Manchester
Councillor WB Pennington - Salford
Councillor JN Pantall BSc - Stockport
Councillor JB Baldwin – Wigan
Advisory Panel
Councillor SR Oldham - Tameside (Chair)
Councillor J Byrne - Bolton
Councillor G Sharkey - Bury
Councillor A Khan - Manchester
Councillor R Ahmad - Oldham
Councillor A J Brett - Rochdale
Councillor WB Pennington - Salford
Councillor JN Pantall BSc - Stockport
Councillor P Mitchell - Trafford
Councillor JB Baldwin - Wigan
Employee representatives
F McCann - GMBATU
A Mulryan - AMICUS
F Llewellyn - TGWU
J Thompson - UCATT
M Baines - UNISON
N Linsky – UNISON
Officers to the Fund
The Director of Pensions is the administrator of the Fund, and acts as the link for members, advisers and investment managers between meetings.
The Chief Executive and Borough Solicitor provide legal and secretarial services to the Management and Advisory Panels. The Borough Solicitor is responsible for the preparation of the Fund’s Statement of Accounts.
JE Orchard, LLB, Chief Executive, Tameside MBC
P Morris CPFA, Director of Pensions, Tameside MBC
SJ Stewart, Acting Solicitor to the Fund
D Postlethwaite BA, CPFA, Borough Treasurer, Tameside MBC
Consulting Actuary
The Fund’s Consulting Actuary is Hymans Robertson.
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