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Fergal expose

It's excellent work from Fergal and I like the fact the article highlights the EA's employees. I've recently had FB exchanges with Ray Walton (is he still a member on here?) who has been keen to post multiple links to this issue across FB but seemingly directly targeting the EA Executive Board. That is almost futile in the context of changing how the EA Pension Fund is invested/managed.

That responsibility lies entirely with the "trustees" of the Pension Fund. Being a Local Govt Pension Scheme means that set up was a bit different to the private pension world but has since caught up. Two entities exist to oversee the Pension Fund(s) - the EA Pension Board and (since 2015) the EA Pension Committee.

Each is made up of 50% Company Representatives and 50% Employee Representatives (employees, deferred pensioners and current pensioners). These are the people who can change the way the fund investments and the later group have a massive voice that can start to drive that (if they want).
 
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