As a not-for-profit limited company funded by its members, the Forces Pension Society is governed in a manner that reflects best practice in the sector.
This consists of a president and number of vice presidents who are individuals of stature and influence invited to hold office.
The elected volunteer Board of Directors is drawn mainly, but not exclusively, from retired ranks of all three services. Our Directors are chosen for their individual skills and experience that relate to the Society’s purpose and objectives. The maximum number of directors is fifteen. The Board is always on the lookout for appropriately skilled Non-Executive Directors.
Ultimately the membership decides upon the election, re-election and retirement of all directors through an annual general meeting normally held in June or July.
Our Board meets three times a year and is supported by two sub committees that meet between each Board meeting: a Strategy and Finance (S&F) Committee and an Audit and Risk (A&R) Committee. Our Pay and Remuneration (P&R) Committee meets twice a year. Each sub-committee consists of a chair plus 3, less for P&R which consists of the FPS Chairman, Chairman S&F Committee plus one other Director.
The S&F and A&R committees meet quarterly between Board meetings; the P&R Committee meets annually.
The FPS Chief Executive and Chief Operating Officer (who acts as the secretariat) attend all Governance Committees.
The Board of The Forces Pension Society is always on the lookout for knowledgeable, capable, committed, and experienced Non-Executive Directors, who can contribute to the governance and future development of the Society.
The volunteer Board and its Committees exist to provide oversight, support and challenge to the full time Executive Team, who run the day-to-day business. Non-Executive Directors are in an ‘eyes on, hand off’ role and their focus is on strategy and compliance, rather than operational detail.
If you think you might be a suitable candidate, please read the role description here, which gives a fuller idea of the eligibility, skills and commitment required, and scan the biographies of our current Board Members above.
If having read the role description you are interested in being considered as a candidate, please contact the Chief Operating Officer at firstname.lastname@example.org for an initial conversation.