Common use of Generic Clause in Contracts

Generic. Key Task Timing Independent review of LGPS governance to ensure compliance with The Pension Regulator’s Code of Practice 14 At least once every 3 years Annual review of performance against agreement for shared service activities, discuss/agree key performance indicators, cost sharing arrangements and budgets for the forthcoming year Annual meeting with s151 officers Monitor MIFID II compliance and update annual assessment of professional investor status for each council’s TM and pension functions Formal review at least once a year Complete annual staff survey Satisfaction good or better Monitor average sickness per FTE 5 days absence or less per FTE each year Ensure Council finance staff are seconded to shared service teams (especially CIPFA trainees) At least 1 secondment each year Draft and present committee and pension board reports as required. Ensure all reports are presented in an appropriate format and on time. Quarterly meetings Attend all committee and board meetings and training events relevant to treasury and pensions functions All events Informal briefing sessions to take place between Tri-borough Director and committee chairs/portfolio holders At least twice a year Director to meet with or teleconference all 3 s151 officers regularly. Meetings to be minuted and informed by follow-up action plans. At least monthly Prepare monthly “dashboard” reports and discuss with s151 officers Within 2 weeks of each month end Arrange interim cover for long term sick and other absences All absences over 20 days Ensure all shared service staff hold, or are working towards, recognised CCAB or TM qualifications Ongoing Ensure all staff attend regular update training and participate in local TM and pensions networks Ongoing Participate in appropriate benchmarking activities for TM and pension functions and report on outcomes and benefits achieved Ongoing, with annual report to members Staff from Tri-borough team to work at RBKC and LBHF offices At least one day per week Appendix 2 - Quality targets and performance indicators: Quality Standards