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STATES OF JERSEY
PUBLIC EMPLOYEES CONTRIBUTORY RETIREMENT SCHEME:
COMMITTEE OF MANAGEMENT – APPOINTMENT OF MEMBERS
Lodged au Greffe on 24th September 2012 by the Chief Minister
STATES GREFFE
2012 Price code: B P.87
PROPOSITION
THE STATES are asked to decide whether they are of opinion
to approve, in accordance with Regulation 3(2) of the Public Employees (Contributory Retirement Scheme) (General) (Jersey) Regulations 1989, the appointment of the Committee of Management, for a period of 3 years commencing 1st January 2013 as follows –
Employer Representatives
Mr. Scot Laing
Mr. Stuart Lusby
Mr. Terence Augustine Le Sueur , O.B.E. Mr. John Frederick Mills, C.B.E.
Mr. Sachin Meeku Patidar
Mr. Steven Warner
Employee Representatives
Mr. Gary Birbeck Mr. John Fosse
Mr. Mark Johnson Mr. Thomas Querns Mr. Mark Richardson Ms. Barbara Ward
CHIEF MINISTER
REPORT
The Public Employees (Contributory Retirement Scheme) (General) (Jersey) Regulations 1989 provide that a Committee of Management will be established which shall have and exercise all such powers, authorities and discretion as are vested in it by the Regulations governing the scheme.
Under the Regulations, the membership comprises 6 employer representatives and 6 member representatives, or such greater equal number as may be determined from time to time by agreement between the Chief Minister and the representative associations. The proposed membership is for 6 on each side.
Three of the employer representatives are chosen by the Chief Minister and these are –
- Mr. S. Laing
- Mr. J.F. Mills, C.B.E.
- Mr. S. Lusby.
The remaining 3 employer representatives are chosen by the Minister for Treasury and Resources, and these are –
- Mr. S.M. Patidar
- Mr. S. Warner
- Mr. T.A. Le Sueur , O.B.E.
The member representative nominations have been submitted by the Public Employees Pension Scheme Joint Negotiating Group.
Financial and manpower implications
There are no financial or manpower implications for the States arising from this proposition.
APPENDIX
PART 1 – EMPLOYER NOMINEES
Mr. Scot Laing
Mr. Laing has 17 years' experience in the financial services industry, having graduated (B.A. (Hons.) Business Law and Finance) from Strathclyde University in Glasgow. He started his career in the UK working with a small actuarial firm, and then the financial planning division of a big four' accountancy firm, where he was exposed to working with pension fund trustees to formulate investment strategies. After 4 years in the UK he moved to Jersey, working mainly in private banking, where he was the investment gatekeeper' and Head of the Investment Committee for a local trust company. He also spent 3 years seconded to Qatar, working with investment professionals within the Sovereign Wealth Fund and local pensions authority to formulate investment plans.
In the last 2 years, he has been primarily engaged with local trust companies across Jersey, Guernsey and the Isle of Man, developing investment business through conducting regular market update presentations and improving trustee awareness of investment issues and the potential solutions.
He is a member of Chartered Securities M.C.S.I., and holds the Investment Management Certificate, Financial Planning Certificate and the Advanced Taxation of Trusts qualification. He also holds the Private Clients Investment, Advice and Management Certificate, level 6 qualification.
Mr. Terence Augustine Le Sueur , O.B.E.
Mr. Le Sueur will be known to Members as a former States Member with particular experience in the field of pensions generally. He brings considerable experience to this role from a variety of perspectives. Having previously been a member of the States Employment Board, and latterly its chairman, he has an understanding of employer needs in this area.
As President for several years of the Employment and Social Security Committee, and more latterly with the Treasury function, Mr. Le Sueur has had many years' practical experience in the analysis of actuarial advice and valuations relating to pension schemes, and is well up-to-date with current thinking in these matters. He was also involved as a political representative on various fund investment sub-committees. Previously, Mr. Le Sueur spent many years as a practising Chartered Accountant before retiring in 2000.
Mr. Le Sueur has the requisite experience, skills and background to act in the capacity of representative of the Employer's side of the Public Employees Contributory Retirement Scheme Committee of Management.
Mr. Stuart Lusby
Mr. Lusby is a double qualified Accountant with almost 30 years' post-qualification experience in a broad variety of financial, support services and management roles, and possesses a Masters degree in Business Administration. He joined Jersey Hospice Care as Finance Officer last year after enjoying a successful 25 year career in senior roles with the States Treasury and Public Services Department. In the last 6 years of his States career he was responsible for the delivery of the pensions' administration service to the Scheme's Committee of Management. He has several years' direct experience of the Scheme, possesses a good understanding of the issues and challenges facing it, and has established relationships with many of the key stakeholders. He became an employer representative in late 2011 and is currently the Chairman of the PECRS Audit Sub-Committee.
Mr. John Frederick Mills, C.B.E.
Mr. Mills' 33 year public service career, until his retirement in 2007, included appointments as Director of Rural Policy at the Department for Environment, Food and Rural Affairs, as Chief Executive, Policy and Resources, States of Jersey, and as Chief Executive of Cornwall County Council. Earlier in his career, his roles in the UK Home Civil Service included Director of Consumer Affairs at the Office of Fair Trading and a 3 year spell as a member of the Prime Minister's Policy Unit, serving both Mrs. Thatcher and John Major. He also spent 5 years in the 1980s on secondment to the Government of Hong Kong.
In 2009, Mr. Mills was appointed as a Commissioner of the Jersey Financial Services Commission, and in 2010 as a member of the Harbours and Airport Shadow Board. He is an Income Tax Commissioner of Appeal and a member of the States Members Remuneration Review Body. He is also a member of the Board of the Port of London Authority.
He studied at the University of Oxford, where he took first class honours in Modern History in 1971, subsequently being elected as Domus Senior Scholar at Merton College.
Mr. Sachin Meeku Patidar
Mr. Patidar is the Managing Director of Spearpoint Retirement Services Limited, part of the Spearpoint Group. He has been involved in supporting private and corporate clients in the Channel Islands across various pension structures and underlying investment services. Mr. Patidar is also the Chairman of the Institute of Financial Planning in the Channel Islands. Mr. Patidar has been a member of the PECRS CoM since 2007 to date.
Mr. Steven Warner
Dip PFS ASI – Rossborough Financial Managing Director and M.L.R.O. Mr. Warner has 25 years' experience working in both the UK and Channel Islands financial services industries. Having completed his initial training working with a number of independent financial services organisations in the UK, he joined a firm of accountants where he helped develop their investment and tax planning services before moving to National Westminster Bank Financial Planning Services.
He moved to Jersey in 1994 to join Shepherd Insurance Brokers where he specialised in corporate financial services, including employee benefits and occupational pension schemes, and was appointed a Director of the Company in 1998. He was instrumental in Shepherds being the first Independent Financial Adviser to secure JFSC authorisation to act as Pension Drawdown Manager and is recognised by the Regulator and Comptroller of Income Tax as a leading practitioner in this specialist area.
Following the acquisition of Shepherds by Alexander Forbes, Mr. Warner was appointed as a Director and Head of Financial Services in Jersey before resigning to join Rossborough Financial Services Limited in 2005.
He is a Member of the Personal Financial Planning Society and holds the Advanced Financial Planning Certificate, including the specialist G60 Pensions qualification. He was a founder member of the Jersey Association of Pension Fund Trustees and also a member of the working party set up to review and advise the States on changes to Jersey's pensions legislation and regulations.
PART 2 – EMPLOYEE NOMINEES
Mr. Gary Birbeck
A Solutions Architect employed by Jersey Telecom since 1978, Mr. Birbeck is the pension representative for the General, Municipal, Boilermakers and Allied Trade Union (GMB). He is the Secretary of the Public Employees Pension Scheme Joint Negotiating Group (JNG) and has been a member of the PECRS Committee of Management since 2003 to date.
Mr. John Fosse
Born in Jersey and educated locally at St. Martin and Grainville Schools. Mr. Fosse spent 5 years in the finance industry and then 5 years working for a local firm A.E. Smith & Son before moving to the Prison Service, where he has worked for the past 14 years, currently holding the rank of a Unit Manager. One of the founders of the "Prison! Me! No Way!" Jersey charity, he was previously the Vice-Chair of the Jersey Prison Officers' Association and has been on the Joint Negotiating Group for the past 9 years.
Mr. Mark Johnson
Employed by the Fire and Rescue Service for some 27 years, Mr. Johnson is currently responsible for all Corporate and Support functions. A former member of the Jersey Fire and Rescue Service Association, for the last 12 years a member of the Public Employees Pension Scheme Joint Negotiating Group (JNG), Mr. Johnson was first appointed to the Committee of Management in 2009.
Mr. Thomas Querns
Mr. Thomas Querns has been employed by the States of Jersey for 20 years. Prior to this, he served an indentured apprenticeship in structural steel at Thomson Cochran Boilermakers. He moved to Jersey in 1983 and has worked as a Maintenance Technician, and more recently as a Fitter/Operator in the Thermal Treatment Plants.
He has been a member of the Joint Negotiating Group (JNG) since 2008. He is chairman of the Technicians' branch of Unite.
Mr. Mark Richardson
Mr. Richardson was born in Jersey and educated at Plat Douet School, Victoria College Prep and Victoria College. He has a BA degree from the University of Reading and a Masters degree from the University of Warwick. He also studied at University College London.
A Policy Principal in the Social Security Department, Mr. Richardson returned to Jersey in 2007 after working in the UK for 18 years. He worked in London for Incomes Data Services (IDS) – an independent research organisation providing
information and analysis on pay, HR policy and practice, employment law and pensions. When he left IDS to return to Jersey he was editor of IDS HR Studies.
At IDS he was an employee trustee of the pension scheme, and following the acquisition of the company by the Thomson Corporation (now Thomson Reuters) he was a member-nominated director of the Thomson Pension Trust. Mr. Richardson is on the executive of the Jersey Civil Service Association branch of Prospect and is a member of the Public Employees Pension Scheme (PECRS) Joint Negotiating Group.
Mr. Richardson was appointed to the Committee of Management in May 2010 and is a member of the Investment Sub-Committee. He is also a member of the Technical Working Group that is developing a range of possible options for PECRS into the future.
Ms. Barbara Ward
Ms. Ward has been in Jersey since January 1979, gained her nursing qualifications in the UK and Jersey and attained her MSc. from the University of Manchester. She was previously a long-serving States employee of over 32 years, employed in the Health and Social Services Department, originally as a nursing professional then as a civil servant until 2011. Ms. Ward was originally involved with the Nurses' Federated Pension Scheme, prior to that Scheme becoming a part of the PECRS, and was first appointed to the Committee of Management in 1990. Ms. Ward remains associated with the Jersey Civil Service Association branch of Prospect and is a member of the Public Employees Pension Scheme (PECRS) Joint Negotiating Group.