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The Avon Pension Fund Breaches Policy outlines how breaches of pension regulations are identified, assessed, recorded, and reported in line with the Pensions Regulator’s requirements. It sets out the duties of those involved in administering the Local Government Pension Scheme to recognise and report failures that may be materially significant.
The document defines what constitutes a breach, how materiality is evaluated, and how all incidents are logged and resolved, with serious issues escalated to the Regulator. It also clarifies responsibilities for managing employer and administering‑authority breaches, ensuring effective governance, corrective action, and compliance with the Regulator’s evolving expectations, including the forthcoming General Code of Practice.