Skip to main content Skip to accessibility
This website is not compatible with your web browser. You should install a newer browser. If you live in Jersey and need help upgrading call the States of Jersey web team on 440099.
Government of Jerseygov.je

Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Public Employees Pension Fund (PEPF): Committee of Management Appointments

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made on 23 December 2021

Decision reference: MD-C-2021-0115

Decision Summary Title :

Public Employees Pension Fund (PEPF) Committee of Management appointments

Date of Decision Summary:

16th December 2021

Decision Summary Author:

 

Director of Finance Hub

Decision Summary:

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title :

Nominations to the Public Employees Pension Fund (PEPF) Committee of Management

Date of Written Report:

16th December 2021

Written Report Author:

Director of Finance Hub

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject:

Public Employees Pension Fund (PEPF) Committee of Management appointments

Decision(s):

Following consideration by the States Employment Board (SEB) for the Chief Minister to agree to:

  1. the appointment of Dr James Cooke on the recommendation of the Treasury & Resources Minister
  2. the re-appointment Professor Edward Sallis for a period of 4 years and Mr Chris Bambury for a period of 5 years to the Public Employees Pension Fund Committee of Management.

   

Reason(s) for Decision:

Under Regulation 2(2) of the Public Employees (Pension Scheme) (Administration) (Jersey) Regulations 2015 it states that the Committee is to be made up of 5 employer representatives,

4 member representatives, 2 pensioner representatives, and 1 admitted employer representative.

 

Due to the decision of an employer representative to resign their position on the Committee of Management, there was a requirement to appoint a new member to the Committee. Following a fair and transparent selection process in line with the Appointment Commission guidelines a new member was chosen for appointment to the Committee of Management.

 

Regulation 3(2) of the Public Employees (Pension Scheme) (Administration) (Jersey) Regulations 2015 states “The Chairman and members of the Committee must be appointed by the Chief Minister on the recommendation of the Minister for the Treasury and Exchequer for a period not exceeding 5 years as the Chief Minister specifies at the time of making the appointment. In the case of an existing member of the Committee, the Public Employees (Pension Scheme) (Administration) (Jersey) Regulations 2015 state that the Chief Minister may extend the members initial term of office for a second and final term.

 

 

The recommendation to appoint/reappoint went to the SEB before being put before the Chief Minister for agreement. In 2022, a recruitment plan will be progressed to encourage diversity in applications for new members to the PEPF Committee of Management.

 

Resource Implications:

None

 

Action required:

For the Director of the Finance Hub to be advised of the Chief Minister’s decision

Signature:

 

 

Position:

 

Senator Le Fondre, Chief Minister

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

Public Employees Pension Fund (PEPF): Committee of Management Appointments

CHIEF MINISTERS DECISION REPORT    

 

NOMINATIONS TO THE PUBLIC EMPLOYEES PENSION FUND (PEPF) COMMITTEE OF MANAGEMENT

 

 

  1. Purpose of the Report

 

1.1. To provide an update on the membership of the Public Employees Pension Fund (PEPF) Committee of Management and the recommended appointments/reappointments.

 

1.2. To outline the recruitment plan for 2022 to encourage a diverse range of applications for the honorary roles on the PEPF Committee of Management.

 

  1. Background

 

2.1.      Regulation 2 of the Public Employees (Pension Scheme) (Administration) (Jersey) Regulations 2015 (Administration Regulations) requires the membership of the PEPF Committee of Management to comprise of –

 

  • A Chairman;
  • 5 Employer Representatives;
  • 4 Member Representatives;
  • 2 Pensioner Representatives, and
  • 1 Admitted Body Representative

 

2.2.      A reference to “employer representatives” is taken to include the admitted employer representative, and a reference to “member representatives” is taken to include the pensioner representatives.

 

2.3.      Regulation 3(1) of the Administration Regulations requires that the appointment of the Chairman and members of the Committee to be performed in accordance with the guidelines produced by the Jersey Appointments Commission under Article 24 of the Employment of States of Jersey Employees (Jersey) Law 2005.

 

2.4.      The employer, member, pensioner and admitted body representatives are honorary roles and we are reliant on the goodwill of those willing to volunteer to undertake these governance roles. The regulations restrict representatives a maximum of 2 terms of office.

 

2.5.      One of the current representatives on the Committee, Mr Scott Laing, second term of office ceases at the end of December. A recruitment exercise has been undertaken to appoint a new employer representative.

 

2.6.      There are a further 2 existing representatives with first terms of office ceasing in December 2021 and both have expressed a willingness to continue for a second term as eligible under the regulations.

 

 

 

  1. Recruitment Process

 

3.1.      Following consultation with People Services, it was determined that the recruitment process for a new employer representative would not require direct involvement of the Appointments Commission.  The honorary role was advertised externally on www.gov.je and there were 4 applicants who were invited to interview.

 

3.2.      The panel for the selection process was chaired by Graham Chidlow (Director of Finance Hub), and included Simon Stammers (Manager of the Public Employees Pensions Team) and Janine Ward (Secretary to the Committee of Management). All applicants were considered equally on merit by the panel at each stage of the selection process and following a fair and transparent selection process, Dr James Cooke, was chosen for nomination to the Committee. Details of his background is included at Appendix A.

 

3.3.      The Minister for Treasury & Exchequer has completed a ministerial decision to recommend to the Chief Minister the appointment of Dr James Cook to the PEPF Committee of Management.

 

  1. Reappointment Process

 

4.1.      In the case of an existing member of the Committee, the Public Employees (Pension Scheme) (Administration) (Jersey) Regulations 2015 state that the Chief Minister may extend the members initial term of office for a second and final term.

 

4.2.      Professor Edward Sallis was appointed as the Admitted employer representative under Appointment Commission guidelines in 2016 and his first term of office (5 years) comes to an end in December 2021. Professor Sallis is eligible to undertake a second term of office of 4 years and has expressed a willingness to continue in this honorary role.

 

4.3.      This honorary position was advertised in 2016 and a transparent process followed including an interview with a diverse panel involving Graham Chidlow, Director of Finance Hub, Maureen Byron, Project Director, David Watson, Pension Investment and Administration Manager. Professor Sallis is eligible to undertake a second term of office and has expressed a willingness to continue in this honorary role.  Taking into account his experience, particularly in Education and Jersey Heritage, it is recommended that Professor Sallis be reappointed for a second term of 4 years . Appendix A offers a brief biography of Professor Edward Sallis.

 

4.4.      Mr Chris Bambury was appointed as a pensioner representative in 2018 and his first term of office (3 years) ceases at the end of December 2021. The honorary position was advertised in 2018 and a transparent process followed including an interview with a diverse panel involving Graham Chidlow, Director of Finance Hub, Maureen Byron, Project Director, David Watson, Pension Investment and Administration Manager and his first term of office comes to an end in December 2021. He is eligible to undertake a second term of office and has expressed a willingness to continue in this honorary role.  Taking into account his experience, particularly in pension administration, it is recommended that Mr Chris Bambury be reappointed for a second term. Appendix A offers a brief biography of Mr Chris Bambury.

 

  1. Recruitment Plan

 

5.1.      Appendix B sets out the current membership of the Committee of Management, the length of their board membership and when their current term is to end. There are two member representative vacancies where nominations from the trade unions are being sought. There is a further member representative and an employer representative with second terms coming to an end at the end of 2022.

 

5.2.      In 2022, work will be undertaken with the People Services Resourcing Team to specify what is needed for the honorary roles and to encourage a diverse range of applications. Promotional activity will be undertaken to increase visibility of the roles and make them accessible to a wide range of applicants. In the first half of 2022, a recruitment campaign will begin for the new members to the PEPF Committee of Management to enable a period of handover ahead of forthcoming retirements. The States Employment Board will be kept informed of progress of the recruitment process.

 

  1. Recommendation

 

6.1.      The Chief Minister is asked to;-

 

  • following the recommendation of the Treasury Minister appoint Dr James Cook to the PEPF Committee of Management;

 

  • reappoint Professor Edward Sallis to the PEPF Committee of Management for a second and final term of office of 4 years, ending in December 2025;

 

  • reappoint Mr Chris Bambury to the PEPF Committee of Management for a second and final term of office of 5 years, ending in December 2026.

 

 

 

 

 

 

 

 

 

 

 

 

 

APPENDIX A

 

 

EMPLOYER NOMINEE BACKGROUND

 

Dr James Cooke is employed at Ashburton where he leads the global equity team directly managing three global equity strategies and assists with the multi-asset funds in total of around $1.5bn.

 

Within two weeks of joining Ashburton as the Head of Global Equity Research Dr Cooke was given final decision making responsibility for all three of the firm’s global equity strategies and from September 2019 to closure in May 2021 the sub-scale “Chindia” emerging market equity fund.

 

Dr Cooke’s role includes explaining equity research process, leading the global equity team (including analysts based in South Africa) and being a contributing member of the Global Macro Forum and Joint Investment Committee (with members from Fidelity International), advising on tactical asset allocation decisions for the firm’s multi-asset strategies.

 

Dr Cooke was recently appointed to the Ashburton Jersey Limited Board in 2021 and consequently is increasingly involved in firm governance and compliance.

 

Dr Cooke was previously based in Scotland where he helped to run a fund of over $12bn with Edinburgh Partners, now part of Templeton, Dr Cooke also co-managed a successful but small World Equity Fund at SVM Asset Management and began to help the RS Macdonald Charitable Trust, a position which he continues to hold.

 

Dr Cooke is a member if the Institute of Directors, the Non-Executive Directors Associations and is a CFA Charterholder. 

 

Dr Cooke also holds a PhD in Biochemical Engineering from University College London. He is also an active volunteer for CFA Institute in support of the CFA program.

 

 

EMPLOYER NOMINEE BACKGROUND

 

Professor Sallis was Principal and Chief Executive of Highlands College from 1997 to 2012 and since his retirement he has held a number of consultancy and non-executive positions in Jersey and the UK. 

 

He has been a Commissioner of the Jersey Appointments Commission and a non-executive director of a national charity the Education Support Partnership where he chairs the Audit and Risk Committee.

 

In 2015 he chaired the review of Maths and English qualifications available in technical education for the then Skills Minister, Nick Boles MP and is a member of the Education and Training Foundation’s Expert Panel on Professional Standards in Technical Education. 

 

Professor Sallis has authored a number of books and scholarly publications mainly in the field of educational management and leadership and is Visiting Professor in the Academic Partnerships Faculty of Plymouth University.  He holds a doctorate from the Bristol Business School and the Financial Times Non-Executive Director Diploma. He was appointed OBE in the 2010 New Years Honours List for his services to Education.

 

He has also Chaired the Board of Trustees of Jersey Heritage and been a representative of the PEPF Committee of Management since 2016

 

 

 

PENSIONER NOMINEE BACKGROUND

 

Mr Chris Bambury moved to Jersey in 1984 to work in the then States Treasury where he remained for 33 years until his retirement in 2017. His time at the Treasury included involvement with audit, insurance, investments, the preparation of the States Annual Report and Accounts, the issue of the Island’s currency and the administration of various trust funds and pension schemes.

 

In the later years of his employment he had extensive involvement with pension scheme actuaries, custodians, investment managers and investment advisors and direct involvement with the management boards of the Public Employees Pension Fund and the Jersey Teachers Superannuation Fund, gaining substantial knowledge of their operation.

 

He has been a member of the PEPF Committee of Management since 2019 and is also a member of the Executive Committee of the Jersey Civil Service Association branch of Prospect currently holding the position of Branch Treasurer.

 

He remains committed to the sound administration of pension schemes.

 

 


Membership of the Committee of Management

 

Name

First or Final Term

Proposing Minister/ Association

Commencement date on Board

Commencement date of current term

Length of current term

Date current term ceases

Employer Nominees

 

 

 

 

 

 

John Everett

First Term

Treasury Minister Nomination

2018

20/07/2018

5 years

19/07/2023

Vacancy*

 

 

 

 

 

 

Gailina Liew

First Term

Treasury Minister Nomination

2020

06/11/2020

2 years

06/11/2025

John Mills

Final Term

Treasury Minister Nomination

2010

01/01/2019

4 years

31/12/2022

Charlotte Guillaume

First Term

Treasury Minister Nomination

2020

06/11/2020

4 years

06/11/2025

 

 

 

 

 

 

 

Admitted Body Nominee

 

 

 

 

 

 

Edward Sallis**

First Term

Admitted Body Nomination

2016

09/12/2016

5 years

08/12/2021

 

 

 

 

 

 

 

Employee Nominees

 

 

 

 

 

 

Vacancy***

 

 

 

 

 

 

Thomas Querns

Final Term

Unite

2013

01/01/2019

4 years

31/12/2022

Mark Richardson

Final Term

Jersey Civil Service Association (Prospect)

2010

01/01/2019

5 years

31/12/2023

Vacancy***

 

 

 

 

 

 

 

 

 

 

 

 

 

Pensioner Nominees

 

 

 

 

 

 

Michael de la Haye

First Term

Treasury Minister recommendation

2018

01/01/2019

5 years

31/12/2023

Christopher Bambury**

First Term

Treasury Minister recommendation

2018

01/01/2019

3 years

31/12/2021

 

* appointment for first term to be approved by Chief Minister

** reappointment for a second term to be approved by Chief Minister

*** trade unions seeking nominations

Back to top
rating button