“Grave concerns of the Pensions Fund Board with the current situation concerning Messrs Capita.”
“I want to thank members of the Pension Board in particular the Chair for the statement above. Barnet UNISON had already raised a large good deal of the concerns detailed in the audit report mentioned at the Pension Board meeting with our employer. We share the grave concerns expressed so concisely by the Chair of the Pensions Board, however we do not share the optimism of the Council that a service improvement plan will be sufficient. Shortly after Capita took over the Pension Service, staff were made redundant as the service was moved to Darlington. The service is not comparable to the in-house service provided by our members. It our view that the Council should begin negotiations for the service to be brought back in-house. Joining a Pension Scheme is one of the most important financial decisions a worker can make, which is why I am inviting UNISON members who are in the Local Government Pension Scheme to join me at the Barnet Council Pension Fund Committee meeting on Monday 26 February 2018, at 7 pm Hendon Town Hall” (John Burgess, Branch Secretary, Barnet UNISON)
Full details of Pensions Fund Committee meeting here
Transcript of audio is below:
“It would be an understatement to say this is the most important item on the agenda this evening.
In this context I must remind us all that the London Borough of Barnet Pension Fund Board acts in support of the Pensions Committee.
It is the Pensions Committee of the London Borough of Barnet which is, I think, composed exclusively of Councillors which is as it were operationally in charge of our the entire pensions operation.
It is the job of the Pension Fund Board to advise the Pension Committee to encourage it and warn it, but of course the Pension Fund Board is a public body open to members of the public, our agenda is public and so it should be.
I would be derelict in my duty as chair of your board if I did not put on the record for our minutes the grave concerns of the Pensions Fund Board with the current situation concerning Messrs Capita.
Now I am pleased to say that I have observer status on the Pension Fund Committee.
The Pension Fund Committee will be meeting later this month.
The reason that I am an observer there at the next meeting is actually, technically, formally speaking, to present the annual report of the Pension Fund Board to the Pension Fund Committee.
But I don’t want anyone to be in any doubt particularly Messrs Capita that I should use that opportunity to relay to the Pension Fund Committee the concerns and anxieties of this board in relation to the Pension Fund Committee, and the boroughs relationship with Messrs Capita.
In that connection, I would like to first move formally from the Chair that the report we have just been discussing, although it is already a public document, none the less that it be communicated formally to the Pension Fund Committee.
Can I take that as approved?
I must then point out a certain chronological scenario and my understanding of the contract between the Borough of Barnet and mentioned Messrs Capita, is that it provides inter alia for a series of remedy notices as an official term to be issued and members of the Pension Fund Board, will know, that one remedy notice the first was issued, I think last year, last August after the Borough was fined by the Pensions Regulator.
So colleagues, I would not be at all surprised, I would not be at all surprised, if, by the next time the Pension Fund Board meets then, there is some intimation of a second remedy notice.
I’m not saying that it is imminent but I wouldn’t be surprised if that was the case.
My understanding is and I am advised that if a third remedy notice is issued this would mean, I am very much looking to my colleague on my immediate left, to correct me if I am wrong, that this would mean that the borough would be at an imminent state of taking back the contract, yes?
Thank you I am grateful for that clarification.
Our job is to advise the Pension Fund Committee, encourage and support and that’s the purpose of the statement I am making.
In that connection, summarising very broadly there are two overriding concerns that this board has, our main concerns communication with members and the quality of the data.
There are other concerns, but those two top ones, and when I present the annual report of this board to the Pension Fund Committee at the end of this month and when presumably now we have agreed I should also present formally the report we have been discussing.
I shall advise, encourage and warn the Pensions Fund Committee to be exceedingly vigilant on these issues, before the next meeting of the next of this Pension Fund Board, of course this will be an item it goes without saying at the next agenda
Ok, anyone else want to speak?
Thank you very much.