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Jersey Teachers' Superannuation Fund: Approval of Custodian

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A decision made (27.07.2009) to approve the renewal of the contract of the custodian for the Jersey Teachers' Superannuation Fund.

Decision Reference:  MD-TR-2009-0126

Decision Summary Title:

Approval of Custodian for the Jersey Teachers’ Superannuation Fund

Date of Decision Summary:

21 July 2009

Decision Summary Author:

Chris Bambury

Head of Pensions

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Jersey Teachers’ Superannuation Fund Renewal of Custody Contract with Northern Trust

Date of Written Report:

21 July 2009

Written Report Author:

Chris Bambury

Head of Pensions

Written Report :

Public or Exempt?

Public

Subject:

Jersey Teachers’ Superannuation Fund renewal of custodian contract with Northern Trust

Decision(s):

The Minister decided to approve the renewal of the contract with Northern Trust as custodian of the assets of the Jersey Teachers’ Superannuation Fund.

Reason(s) for Decision:

Article 10 of the Teachers’ Superannuation (Administration) (Amendment) (Jersey) Order 2007 provides for The Teachers’ Management Board to appoint a custodian subject to the consent of the Minister for Treasury and Resources.

Resource Implications:

There are no financial or manpower implications.

Action required:

The Treasurer of The States to inform the Secretary of the Jersey Teachers’ Superannuation Fund of the Minister’s decision.

Signature: 
 
 

Position: Senator P F C Ozouf, Minister for Treasury and Resources 

                 

Date Signed:

Date of Decision:

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