Decarbonising Pensions

3. Questions to the Senedd Commission – in the Senedd on 8 June 2022.

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Photo of Jack Sargeant Jack Sargeant Labour

(Translated)

1. What steps has the Commission taken to disinvest staff pensions from fossil fuels? OQ58125

Photo of Heledd Fychan Heledd Fychan Plaid Cymru

(Translated)

3. What steps is the Commission taking to ensure that the pensions of staff and Member support staff are decarbonised? OQ58133

Photo of Elin Jones Elin Jones Plaid Cymru 3:23, 8 June 2022

(Translated)

The support staff pension scheme is run by Aviva. The Commission is not involved in deciding how the assets are invested. Decisions on the investments of support staff pensions rests with Aviva’s specialist investment advisers, who engage with companies on environmental, social and governance issues. Support staff can also select the funds in which to invest.

The civil service pension scheme, which is available to Commission staff, is an unfunded scheme and therefore has no assets to invest. Benefits are paid from tax revenues rather than from assets set aside to pay them.

Photo of Jack Sargeant Jack Sargeant Labour 3:24, 8 June 2022

Diolch yn fawr iawn, Llywydd. Members will be aware of my campaign to disinvest public sector pension funds from fossil fuels, and I'm grateful to Members who supported the motion, which means Wales will lead the way in this arena. I too would like to thank Heledd Fychan for raising the matter of our own support staff's pensions during the debate I tabled a few weeks ago.

Now, Llywydd, I've spoken to a few support staff who are very keen to have their voices heard to disinvest their fund from fossil fuels, both those in the Senedd building themselves and including those in our regional and constituency offices. I've heard what you've said in your response to my initial question, that it's not the Commission's job to do so, but how can the Commission support our own support staff to make sure their voices are heard by their pension fund investors? Diolch.

Photo of Elin Jones Elin Jones Plaid Cymru 3:25, 8 June 2022

Thank you for that supplementary, and it's my understanding that the support staff scheme does have a governance group that has lead staff of the Commission available to advise, and, therefore, it's the most appropriate way for either constituency staff or staff based supporting Members here in the Senedd building to approach that governance group to raise any issues that they have on how their assets are invested.

Photo of Heledd Fychan Heledd Fychan Plaid Cymru 3:26, 8 June 2022

(Translated)

Thank you, Llywydd. My question is very similar. Clearly, Jack Sargeant and myself are pursuing the same point. I think the concern that we have is that there is no formal support, and I was wondering whether there was a role for the Commission to assist these staff members. Certainly from the experience of a member of staff in my team, he has had to campaign alone and has found that he's had to work on this alone and that information isn't transparently available to staff. It's also difficult for us as Members when it comes to recruitment to provide that information to staff. So, just to echo Jack Sargeant's point, is there anything that the Commission could be doing to emphasise that this does need to be looked at and to support staff, rather than it being up to every individual to pursue this?

Photo of Elin Jones Elin Jones Plaid Cymru

(Translated)

Thank you for that question, which is asking about the transparency of the information for support staff members. I will ensure that we look again at the availability of that information in terms of where to look for support and advice on pensions for Members' staff. As I mentioned, there is a governance group on the pension scheme for Members' support staff, and there are specific members of Commission staff available to provide advice on any issues relating to this for support staff. The finance director of the Commission and the head of pensions are two of those. I have that information at present and I will ensure that, after we complete these questions today, that information is clear and available to all the support staff of the Members.

Photo of Mike Hedges Mike Hedges Labour 3:28, 8 June 2022

In the Members' pension scheme, decisions are made by the pension trustees following professional advice. The current representatives on the pension trustee board are Nick Ramsay and myself, representing Members, and, obviously, I'd be happy to answer questions on the Members' scheme from any Members who wish to raise them. The Commission have two representatives on the Members' pension scheme, but currently not one of those posts is held by a Commissioner. Would the Commissioners consider putting one of their members onto the pension scheme or would the Presiding Officer—and when I wrote this, I didn't know you were going to be answering it, so I can ask you directly—would the Presiding Officer like, on an annual basis, for me to answer questions on the Members' pension scheme at what are, effectively, Commission questions?

Photo of Elin Jones Elin Jones Plaid Cymru

If I've understood you correctly, you're volunteering yourself to answer questions on the pensions aspect for Members—

Photo of Elin Jones Elin Jones Plaid Cymru

—I'd love for you to be answering questions on pensions rather than myself, and I think you would be far more informed, obviously, and expert on these matters than I am. I'm more than happy to look at that as a way forward that would lead, I suspect, to more meaningful answers on pensions than the ones you may have heard already this afternoon.