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Isle of Wight in limbo as Pension Committee rejects pooling decision

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The £810m Isle of Wight Pension Fund has been left in limbo after its Pension Committee voted against its initial pooling decision, preventing the fund from selecting a preferred pooling partner ahead of the government’s September deadline.

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The fund is facing continued uncertainty over its new host pool after the Committee’s September meeting failed to agree on a way forward. According

Mandy Kaur-Sadler, the recently appointed independent person to the West Midlands Pension Fund and Worcestershire Pension Fund, shares her expectations for the new statutory oversight role.

(Mandy Kaur-Sadler, the independent person to the West Midlands Pension Fund and Worcestershire Pension Fund)