Local Government Reorganisation fund structure update
12:45
This report updates committee on the approach to identifying the appropriate Fund structure post LGR.
The Committee is recommended to:
a)
Review the independent report from Barnett
Waddingham and note the details contained within report in annex 1; and
b)
Agree the approach that Fund officers should
explore further option 1, alignment with a new unitary authority and option 5 a
new Single Purpose Pensions Authority as outlined in the report.
c)
Agree that Fund officers continue engagement
with stakeholders and Government ahead of any formal designation decision by
the Secretary of State.
Additional documents:
Minutes:
Mark Smith, Head of Pensions and Jeff Houston from Barnett Waddingham presented the report. The report provided updates on the approach to identifying the appropriate Fund structure post LGR.
The Committee discussed the item in private.
Actions: Officers to continue engagement with stakeholders and Government ahead of any formal designation decision by the Secretary of State.
A member workshop to be arranged during the summer to consider governance options in more detail.
A fuller report to be brought to the September 2026 Committee meeting.
The Committee RESOLVED to:
a)
Review the independent report from
Barnett Waddingham and
note the details contained within report in annex
1; and
b)
Agree the approach that Fund officers
should explore further
option 1, alignment with a new unitary authority
and option 5 a new Single Purpose Pensions Authority as outlined in the report.
c)
Agree that Fund officers continue
engagement with stakeholders and Government ahead of any formal designation
decision by the Secretary of State.