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School Teachers' Superannuation Fund.

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 (09/02/2009) regarding: School Teachers' Superannuation Fund.

Decision Reference:  MD-TR-2009-0022 

Decision Summary Title:

School Teachers’ Superannuation Fund

Date of Decision Summary:

6th February, 2009

Decision Summary Author:

Maria Washington

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

States of Jersey Teachers’ Superannuation Fund – Equity Benchmark changes

Date of Written Report:

6th February, 2009

Written Report Author:

Maria Washington

Corporate Financial Services

Written Report :

Public or Exempt?

Public

Subject:

Ministerial approval required to change equity split for the School Teachers Superannuation Fund

Decision(s):

The Minister approved changes to the equity benchmarks for Bailie Gifford as requested by the Teachers’ Superannuation Fund’s Management Board.

Reason(s) for Decision: The Minister for Treasury and Resources is required, under the terms of a States Order to agree investment strategy for each investment manager of the Teachers’ Superannuation Fund.

Resource Implications: None.

Action required: Teachers’ Superannuation Fund Management Board to be notified of the Minister’s decision.

Signature: 
 
 

Position: Senator PFC Ozouf, Minister for Treasury and Resources 

                 

Date Signed: 9th February 2009

Date of Decision: 9th February 2009

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