Agenda

Introducing new Local Pension Board member, Sarah Thonemann.

10.05am

To approve the minutes of the meeting held on 23 January 2026 and to receive information arising from them.

10.40am

10.45am

Report by: Mark Smith, Head of Pensions

The Board are invited to review the position against the Annual Business Plan for 2025/26 and the Annual Business Plan for 2026/27 as considered by the Pension Fund Committee at their meeting on 6 March 2026 and to offer any comments to the Committee.

10.30am

Report by: Mukhtar Master, Governance and Communications Manager

This is the latest risk register as considered by the Pension Fund Committee on 6 March 2026.  The Board are invited to review the report and offer any further views back to the Committee.

10.40am

Report by: Mukhtar Master, Governance and Communications Manager

The Board are invited to review the Governance and Communications Report as presented to the Committee at their meeting on 6 March 2026. The report includes a log of all regulatory and data breaches.

10.50am

Report by: Mukhtar Master, Governance and Communications Manager

The Board are invited to review and approve changes to the Local Pension Board constitution.

The Local Pension Board is RECOMMENDED to approve the revised Local Pension Board Constitution.

10.55am

Report of: Vicki Green, Pension Services Manager

The Board are invited to review the latest Administration Report as presented to the Pension Fund Committee on 6 March 2026, including the latest performance statistics for the service and an update on staffing.

11.10am

Greg Ley, Financial Manager – Pension Fund Investment

A verbal update on the ISS consultation.

11.15am

Report of: Josh Brewer, Responsible Investment Manager

This report provides this Board with the results of the investment survey to members. 

11.25am

The Board are invited to confirm the issues they wish to include in their latest report to the Committee.

11.25am

Members are invited to identify any issues they wish to add to the agenda of the next meeting of this Board. 

The Committee is RECOMMENDED that the public be excluded for the duration of items 16, 17, and 18 in the Agenda since it is likely that if they were present during those items there would be disclosure of exempt information as defined in Part I of Schedule 12A to the Local Government Act 1972 (as amended) and specified in relation to the respective items in the Agenda and since it is considered that, in all the circumstances of each case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

THE REPORTS RELATING TO THE EXEMPT ITEMS HAVE NOT BEEN MADE PUBLIC AND SHOULD BE REGARDED AS STRICTLY PRIVATE TO MEMBERS AND OFFICERS ENTITLED TO RECEIVE THEM.

11.30am

Report of: Mark Smith, Head of Pensions

This report provides an update to this Board on the progress of the workforce planning project.

11.40am

Report of: Mark Smith, Head of Pensions

This report provides this Board with an update on the progress of the 2025 valuation.

11.50am

This report is following the request from Board for information relating to the Fund tax position as part of the ongoing transition to From Brunel Pensions Partnership to LGPS Central as required by Government.

The Board is RECOMMENDED to note the update.