Agenda

Local Pension Board - Friday, 25 April 2025 10.30 am

Venue: Virtual

Contact: Committee Services Tel: Email: committeesdemocraticservices@oxfordshire.gov.uk

Items
No.	Item
1.	Welcome by Chairman
2.	Apologies for Absence
3.	Declarations of Interest - see guidance note below
4.	Minutes of the Meeting of 24 January 2025 PDF 241 KB To approve the minutes of the meeting held on 24 January 2025 and to receive information arising from them.
5.	Unconfirmed Minutes of the Pension Fund Committee on 7 March 2025 PDF 315 KB To receive the unconfirmed minutes of the Pension Fund Committee held on 7 March 2025.
6.	Review of the Annual Business Plan PDF 428 KB View the background to item 6. Report by: Mark Smith, Head of Pensions The Board are invited to review the position against the Annual Business Plan for 2024/25 and the Annual Business Plan for 2025/26 as considered by the Pension Fund Committee at their meeting on 7 March 2025 and to offer any comments to the Committee. Additional documents: PFC20250307R07 - Annex 1 - Business Plan 2025-26 March 2025, 07/03/2025 Pension Fund Committee , item 6. PDF 305 KB PFC20250307R07 - Annex 2 - Oxfordshire Pension Fund Training Plan 2025-26, 07/03/2025 Pension Fund Committee , item 6. PDF 492 KB
7.	Risk Register PDF 206 KB View the background to item 7. Report by, Mukhtar Master, Head of Governance and Communications This is the latest risk register as considered by the Pension Fund Committee on 7 March 2025. The Board are invited to review the report and offer any further views back to the Committee. Additional documents: PFC20250307R08 - Risk Register APPENDIX 1, 07/03/2025 Pension Fund Committee , item 7. PDF 176 KB
8.	Governance and Communications Report PDF 233 KB View the background to item 8. Report by, Mukhtar Master, Head of Governance and Communications The Board are invited to review the Governance and Communications Report as presented to the Committee at their meeting on 7 March 2025. The report includes a log of all regulatory and data breaches. Additional documents: PFC20250307R09 - Governance & Communication Report APPENDIX 1, 07/03/2025 Pension Fund Committee , item 8. PDF 28 KB PFC20250307R09 - Governance & Communication Report APPENDIX 2, 07/03/2025 Pension Fund Committee , item 8. PDF 667 KB
9.	Administration Report PDF 241 KB View the background to item 9. 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 7 March 2025, including the latest performance statistics for the service. Additional documents: PFC20250307R10 - Annex 1 Benefit Administration Statistics, 07/03/2025 Pension Fund Committee , item 9. PDF 83 KB PFC20250307R10 - Annex 2 E-mail Statistics, 07/03/2025 Pension Fund Committee , item 9. PDF 361 KB PFC20250307R10 - Annex 3 Telephone Stats, 07/03/2025 Pension Fund Committee , item 9. PDF 223 KB PFC20250307R10 - Annex 4 MSS Registration, 07/03/2025 Pension Fund Committee , item 9. PDF 351 KB PFC20250307R10 - Annex 5 Pension Dashboard Project Plan Dec 24, 07/03/2025 Pension Fund Committee , item 9. PDF 122 KB PFC20250307R10 - Annex 6 McCloud Statistics, 07/03/2025 Pension Fund Committee , item 9. PDF 505 KB
10.	Strategic Asset Allocation (incl. active vs passive) Report PDF 212 KB Report by: Greg Ley, Pension Fund Investment Manager This report covers the Fund’s current Strategic Asset Allocation, timescales for its review and information on active verses passive investment management. The Board is RECOMMENDED to note the report.
11.	Items to Include in the Report to the Pension Fund Committee The Board are invited to confirm the issues they wish to include in their latest report to the Committee.
12.	Items to be Included in the Agenda for the next Board Meeting Members are invited to identify any issues they wish to add to the agenda of the next meeting of this Board.