Chief Minister
Ministerial Decision Report
PUBLIC EMPLOYEES PENSION FUND (PEPF)
COMMITTEE OF MANAGEMENT- NOMINEES
- Purpose of the Report
Following a recommendation from the Treasury Minister the Chief Minister is asked to appoint the following nominees to the Committee of Management of the Public Employees Pension Fund.
- Background
Regulation 2 of the Public Employees (Pension Scheme) (Administration) (Jersey) Regulations 2015 requires the following: that membership of the Committee of Management must be comprised of –
- A Chairman;
- 5 Employer Representatives;
- 1 Admitted Body Representative
- 4 Member Representatives;
- 2 Pensioner Representatives.
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.
Members of the Committee must be appointed by the Chief Minister on the recommendation of the Minister for the States 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 a member of the Committee, the Minister may extend the member’s initial term of office by re-appointing the member for a second but final term of office not exceeding 5 years.
The nominees listed below are recommended for Committee of Management membership under the legislation for Employer Representatives, Employee Representatives and Pensioner Representatives.
Please note, Employer representative Mr John Everett, appointed on 20/07/18 and Admitted Body representative Mr Edward Sallis appointed on 18/11/16 will remain unchanged. The current Chairman’s term of office ceases on 30 June 2019 and a separate paper will be provided in due course.
- Process
Employer nominees are subject to a formal recruitment process under the Appointment Commission Guidelines as are the Pensioner nominees. Employee nominees are put forward by the Joint Negotiating Group who negotiate pension benefits on behalf of Scheme members and the Admitted Body nominee is advertised within all Admitted Bodies, any of whom may nominate a candidate.
A formal recruitment process was recently undertaken for the Pensioner nominees following the legislation amendments effective January 2016 and Pensioner Representatives are now included in the Committee of Management.
Please see appendix 1 and 2 (attached) for terms of office and background information.
- Recommendation
For the Chief Minister to appoint the nominees identified under appendix 1 and 2 to join the Committee of Management of the Public Employees Pension Fund.
MB/STE
October 2019
Appendix 1
Name | First or Final Term | Period | Commencement date of this term | Term ceases |
Employer Nominees | | | | |
John Everett | First Term | 5 years | 20/07/18 | 19/07/23 |
Scot Laing | Final Term | 3 years | 01/01/19 | 31/12/21 |
Terry Le Sueur | Final Term | 2 years | 01/01/19 | 31/12/20 |
John Mills | Final Term | 4 years | 01/01/19 | 31/12/22 |
Steve Warner | Final Term | 4 years | 01/01/19 | 31/12/22 |
| | | | |
Admitted Body Nominee | | | | |
Edward Sallis | First Term | 5 years | 09/12/16 | 08/12/21 |
| | | | |
Employee Nominees | | | | |
John Fosse | Final Term | 4 years | 01/01/19 | 31/12/22 |
Thomas Querns | Final Term | 4 years | 01/01/19 | 31/12/22 |
Mark Richardson | Final Term | 5 years | 01/01/19 | 31/12/23 |
Barbara Ward | Final Term | 3 years | 01/01/19 | 31/12/21 |
| | | | |
Pensioner Nominees | | | | |
Michael de la Haye | First Term | 5 years | 01/01/19 | 31/12/23 |
Christopher Bambury | First Term | 3 years | 01/01/19 | 31/12/21 |
Appendix 2
EMPLOYER NOMINEE – MR JOHN EVERETT
Mr John Everett has held the position of Deputy Director General at the Jersey Financial Services Commission since November 2015 (before that he was one of the JFSC’s Supervision Directors).
Prior to Jersey, Mr Everett worked at the Financial Services Authority/Financial Conduct Authority in the UK where he focused on investment management and conduct issues, including representing the United Kingdom at European Union and international committees, and negotiating EU directives and regulations for the UK together with HM Treasury.
Mr Everett is an experienced public policy professional with leadership experience of both small and large terms. In the UK he was a Director of the Electoral Reform Society for a number of years and has recently been appointed as an ‘independent’ member of the Jersey Employment Forum.
EMPLOYER NOMINEE – MR SCOT LAING
Mr Scot Laing is the director of private wealth at Rossborough Financial and has 23 years’ experience working in the UK and Channel Islands financial services industries. His main skills are investment portfolio construction and management. He retains a keen interest in global macroeconomics in order to inform his views and make asset allocation decisions. He is a specialist in the private client investment field and has gained a deep understanding of a broad range of traditional and more esoteric asset classes.
He was appointed to the Board of Rossborough Financial in May 2015.
Mr Laing’s educational qualifications include: BA (Hons) Business Law and Finance and is a Chartered Fellow of the Chartered Institute of Securities and Investment and holds the Chartered Wealth Manager designation. In 2010, he was appointed to the Committee of Management of the States of Jersey Public Employees Pension Scheme and is also a voting member of the Investment Sub-Committee.
EMPLOYER NOMINEE – MR TERENCE AUGUSTINE LE SUEUR, O.B.E.
Mr Terence Le Sueur spent 24 years as a (former) States Member. He brings considerable experience to this role from a variety of perspectives. Having previously been Chairman of the States Employment Board, he has an understanding of employer needs in this area.
As President for several years of the (then) Employment and Social Security Committee, and later 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 Pension Scheme Committee of Management.
EMPLOYER NOMINEE – MR JOHN MILLS, C.B.E.
After studying Medieval History at The Queen’s College, Oxford, and undertaking a research degree at Merton College, Mr Mills had an extensive public sector career from the 1970s until a decade ago: in London, Hong Kong, as chief executive of a large English local authority, and in Jersey, where for four years he was chief executive of the former Policy & Resources Department and the Island’s senior civil servant. His senior roles in London included several years as a member of the Prime Minister’s Policy Unit and as a director at DEFRA.
Since 2007 he has held a range of non-executive roles in the statutory sector in Jersey, including as a board member of the Jersey Financial Services Commission and as Deputy Chairman and senior independent director at Ports of Jersey Ltd. Since 2014 he has been the Jersey-based director on the board of the Channel Islands Financial Ombudsman. In 2017 he was appointed as the country’s first Charity Commissioner.
He has been an employer representative on the PEPF Committee of Management since 2009, chairing the Investment sub-Committee since 2013, and on the Teachers’ Superannuation Scheme Management Board since 2011.
EMPLOYER NOMINEE – MR STEVE WARNER, DIP PFS
Mr Warner has over 30 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.
Following the acquisition of Shepherds by Alexander Forbes, Mr Warner was appointed a Director and Head of Financial Services in Jersey before resigning to join Rossborough Financial in 2005, and was appointed Managing Director in May 2008.
He is a qualified Member of the Personal Financial Planning Society and The Chartered Insurance Institute and holds the Advanced Financial Planning Certificate including the specialist G60 Pensions qualification.
He is a founder member of the Jersey Association of Pension Fund Trustees and was also a member of the working party set up to review and advise the States of Jersey on changes to Jersey's pensions legislation and regulations.
In May 2010 he was appointed to the Committee of Management of the States of Jersey Public Employees Contributory Retirement Scheme and is the chair of the Ill Health and Death Benefits subcommittee, he was also recently appointed as the COM’s representative on the committee of the Jersey Pension Association.
EMPLOYER NOMINEE – PROFESSOR EDWARD SALLIS, O.B.E.
Professor Sallis is Chair of the Board of Trustees of Jersey Heritage, which is an Admitted Body of PEPF. He 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 is 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.
EMPLOYEE NOMINEE – 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 after taking a year out travelling worked 5 years for A.E.Smith & Son before moving to the Prison Service where he has worked since 1998 and is currently holding the rank of 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 a member of the Joint Negotiating Group since 2002 and is now the chairman of this group.
EMPLOYEE NOMINEE – MR THOMAS QUERNS
Mr Thomas Querns has been employed by the States of Jersey for 23 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 and became a member of the Committee of Management in 2012. He is chairman of the technicians’ branch of Unite.
EMPLOYEE NOMINEE – 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 Master’s degree from the University of Warwick. He also studied at University College London.
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. 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.
Before taking up his current role providing ministerial support to the Minister for Health and Social Services, Mr Richardson was a Policy Principal at the Social Security Department. He is a member of the Jersey Civil Service Association branch of Prospect and was formerly a member of its executive. He is a member of the Public Employees’ Pension Scheme Joint Negotiating Group and as Chair of the group until early 2015 took a lead role in the negotiations around the new CARE scheme. Mr Richardson was appointed to the Committee of Management in May 2010 and is a member of the Investment Subcommittee.
EMPLOYEE NOMINEE – MISS BARBARA WARD
Miss Ward has been in Jersey since January 1979, gained her nursing qualifications RMN & RGN in the UK and Jersey and attained her MSc from the University of Manchester in 2013. She attained two National Nursing awards: The first in 1998, a prestigious Nursing Times award for Innovation in Nursing and Midwifery and then in 1999 was awarded the Professional Nurse Journal, Joint Mental Health Nurse of the year.
She has been a long-serving States employee of over 39 years, employed in the Health and Social Services Department, originally as a Clinical Nursing professional then moved into two senior positions, firstly as a Modern Matron in 2005 then moving to a Senior Manager until taking voluntary redundancy in 2011. From April 2011 she returned to her nursing roots and joined the nursing bank, working as a Staff Nurse across the HSS department for the Public Health department and Infection Control as part of the flu and immunisation teams and part of the nursing teams in the Care of the Elderly Mentally ill areas at Clinique Pinel.
Miss Ward has been an employee representative on the Employment Forum for 9 years with her term of office closing at the end of 2019, completing a 10 year service in total.
Miss Ward was originally involved with the Nurses' Federated Pension Scheme, prior to that scheme becoming a part of the PEPS and was first appointed to the Committee of Management in 1990. For some 25 years Miss Ward played a lead role for the Royal College of Nursing (RCN), stepping down in November 2014 but remained associated with the RCN Jersey branch as the Pension representative with membership on the Public Employees Pension Fund (PEPF) Joint Negotiating Group since its inception to date.
PENSIONER NOMINEE – MR MICHAEL NELSON DE LA HAYE, O.B.E.
Mr de la Haye was born and educated in Jersey and then studied French and Linguistics at the University of Nottingham before working overseas, in Tunisia and France, for 6 years. He returned to Jersey in 1986 and worked in the then Immigration and Nationality Department as an Immigration Officer from 1986-1991 and as a Chief Immigration Officer from 1991-1994. He moved to the Law Officers’ Department in 1994 where, as Chief Clerk, he had overall responsibility for the administration of the Department on behalf of HM Attorney General.
Mr de la Haye became Assistant Greffier of the States in 1999 and was promoted to the position of Deputy Greffier in 2000. He was appointed as Greffier of the States in 2002, a position he held until December 2015. During his 13 years as Greffier Mr de la Haye oversaw significant changes in States procedures and in the organisation of the States Greffe as the States moved from a committee system to the new ministerial and scrutiny system. He was awarded an OBE by HM The Queen in the June 2014 Birthday Honours for his services to the States.
Since January 2016 Mr de la Haye has been a Commissioner of the Jersey Financial Services Commission although this position will end in December 2018. He is also a member of the committee of the Alliance Française de Jersey and a committee member and former Chairman of the charity the Jersey Friends of Anthony Nolan.
PENSIONER NOMINEE – MR CHRISTOPHER BAMBURY
Mr Bambury qualified as a Public Sector Accountant with Cardiff City Council in 1983, he moved to Jersey in 1984 to work for the States Treasury where he remained for 33 years until his retirement in 2017.
During his time at the Treasury he undertook a range of duties including the financial appraisal of revenue and capital projects, preparation of the States Annual Accounts, audit investigations, cash management and investment, administration of the Island’s currency notes and coinage, Insurance of the States assets and liabilities, and Pensions and Payroll administration. He also undertook further studies, obtaining an MBA with the Open University in 2004 and a Certificate to Teach in the Lifelong Learning Sector in 2013.
His first involvement with the Public Employees Pension Fund began in 1986. His knowledge of the scheme developed and following re-organisation of the department’s structure shortly after the Millennium, he chose to remain fully involved with the PEPF and some years later the Jersey Teacher’s Superannuation Fund (JTSF).
As manager of the administrative function he attended quarterly meeting of the Committee of Management (CoM) and a high percentage of meetings of the various Sub-committees established to assist with the Scheme’s governance. He has first- hand experience of meeting and discussing complex issues with Scheme Actuaries, Investment advisers, Investment Managers, Auditors, Lawyers and other pension specialists.
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