Following the introduction of the University of Bath Group Pension Plan (UoBGPP) in June 2021, the University has now established a Pension Board to oversee the operation of the UoBGPP and is looking for a member of the plan to join the Board.
Members are not expected to have experience or knowledge of pensions as training is provided, but members will be expected to attend a limited number of meetings, and where appropriate undertake some background reading.
The aim of the Pension Board is to oversee the following aspects of the plan:
- Effective communications to members
- Efficient cost of the services provided by AVIVA
- Effective investment funds for members to select
- Efficient administration of the plan, both by the University and AVIVA as plan administrator
The Pension Board will be supported in its activities by an external advisor, Mercer.
Expectation of Pension Board member
The Plan member is expected to:
- attend each meeting of the Pension Board, likely no more than twice a year
- participate in all relevant training as recommended by the external advisor
- read and engage with all material circulated to Pension Board members, expected to be limited to around 10 email circulations each year
- serve a minimum term of three years, and a maximum of three terms (nine years)
- meet the relevant board criteria.
How to make an expression of interest
If you would like to participate as a member of the Pension Board please write a short statement (max 150 words) outlining why you are putting yourself forward and email it to Simon Fenne and Philameano Walsh by the 26 August 2022.
If more than one Plan member wishes to participate on the Board a vote will be arranged, in which case your statement would be shared with all Plan members, and the candidate with the highest number of votes will serve on the Pension Board.
The individual is no longer employed by the University or leaves the UoBGPP.
Expenses and Time
This is an unpaid role; the University will however reimburse any expenses incurred directly in your role on the Pension Board. The University would expect the time involved with the Pension Board would be undertaken in university work time and that management should allow the appropriate time-off to fulfil this role.
We aspire to ensure that membership of our Boards are truly representative of our community. Expression of Interests are encouraged from all eligible individuals, especially from underrepresented groups. We truly believe that diversity of experience, perspectives, and backgrounds leads to a better environment for our staff. We aim to be an inclusive university, where difference is celebrated, respected, and encouraged.
Pension Board Members
The Director of Human Resources (or nominee) - Chair One Plan member (nominated or volunteer from Plan membership) The Director of Finance (or nominee) Representative from the Equality, Diversity and Inclusion team
Attendees at Pension Board Meeting
A support staff trade union representative
External Advisor Secretary
This is a great opportunity to become involved in the oversight of your pension plan and make an active contribution to it for you and your fellow members. If you would like to participate as a member of the Pension Board or learn more about this opportunity contact Simon Fenne or Philameano Walsh.