JUDICIAL PENSION BOARD - INDEPENDENT MEMBERS AND ACTUARIAL MEMBER

Closed
Body: Judicial Pension Board
Appointing Department: Ministry of Justice
Sectors: Judicial, Prison & Policing, Regulation
Location: The role is based in London
Skills required: Regulation
Number of Vacancies: 3
Remuneration: Remuneration: £325 per day
Time Requirements: Time commitment: 15 days a year

Campaign Timeline

  • Competition Launched

    30/09/2021

  • Closed for Applications

    21/10/2021 at 09:00

  • Panel Sift

    November 2021 (to be confirmed)

  • Final Interview Date

    December 2021 (to be confirmed)

  • Announcement

    January 2022

 

Assessment Panel

Vacancy Description

The role of the JPB Member

The main responsibilities of board members are:

  • Sit on both the Pension Board, which will act as the scheme management board, and the Scheme Advisory Board, which will make recommendations on the desirability of any potential changes to the schemes. Both of these boards include judicial representation and representatives from the Department.
  • Provide direction and expertise in the area of pensions, and scheme administration.

The JPB has established an Administration Committee and a Dispute Resolution Committee to support the JPB in meeting its responsibilities to administer the JPS.  Independent JPB members will be required to sit on one or both of these Sub Committees.

The JPB typically meets quarterly, as does the Administration Committee.  The Scheme Advisory Board meets at the request of the Lord Chancellor.  The Dispute Resolution Committee meets as required to consider member cases.

Person Specification

 Essential criteria

Candidates will be able to demonstrate the following:

  • Ability to demonstrate effective communication skills and the ability to engender excellent working relationships as part of a board;
  • Ability to analyse, interpret and arrive at timely solutions that withstand critical scrutiny and, in so doing, demonstrate high-level skills of influence and persuasion;
  • Familiarity with pension legislation and regulations, and a proven record of managing the governance of ongoing pension schemes; and
  • Have an in-depth current knowledge of the pensions industry and working with third-party administrators.

 

Desirable criteria

  • A working familiarity with financial management, internal controls and best practice;
  • An understanding of the challenges facing public sector pension schemes would be an advantage;
  • Some experience of working with judges or lawyers.

 

Actuarial Member

The candidate must have actuarial experience and be FIA or FFA qualified and be able to demonstrate the above criteria.

 

Additional Information

Other important appointment information

There must be no employment restrictions, or limit on your permitted stay in the UK.

Tenure: Public appointments are offered on a fixed term basis. We do this to ensure that the leadership of our public bodies is regularly refreshed and that the JPB can benefit from new perspectives and ideas.

The appointment will run for three years with the possibility of reappointment for a further term subject to satisfactory appraisal and at the discretion of Ministers.

In line with the Governance Code for Public Appointments, there is a strong presumption that no individual should serve more than two terms or serve in any one post for more than ten years.

Remuneration, Allowances and Abatement:

Remuneration: Members receive a non-pensionable remuneration of £325 per day for a commitment of 15 days a year.

Remuneration is subject to deductions of tax and National Insurance contributions at source.  Reasonable standard travel expenses will be payable.

The role is not pensionable and your remuneration may be abated if you receive a public service pension – any queries you may have about how this may affect you will need to be taken up by you with your pension provider.

Performance Appraisal: You will be assessed annually on performance by the Chair of the JPB.

Attachments
Declarations-of-interest-PAT- 160027
Reference-request-form-PAT160027
Judicial Pension Board Candidate Pack - Independents and Actuarial 290921
Return to Search