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How the Board works

The Board usually meets 4 times a year.

Sub-committees also meet at regular intervals and report back to the main Board. There are sub-committees covering investment, audit and housing.

The Board delegates many of its powers to the executive with respect to the administration of the pension schemes and in fulfilling its role in providing housing for retired clergy and its other charitable concerns.

Each department reports back to the Board and is subject to the scrutiny of the Board as trustee.

The Board delegates its pension fund investment responsibilities to 3 different companies, each of which is closely monitored and reports back to the Board on a regular basis. The investment advisers are given targets and their performance is monitored regularly. Further details of the Board’s investment policies are contained in the annual 'Report and Accounts' available from the address in the Contacts and Further Information page. (We hope to make future editions available in a downloadable format.)

Investments are held by independent custodians to ensure the security of the Board’s assets.

The Board also appoints professional advisers to provide actuarial, legal, medical and audit services and advice.