Issue - meetings

The Board are invited to review the latest position against the Annual Business Plan for 2019/20 (LPG7) as considered by the Pension Fund Committee at their meeting on 6 September 2019.

The Committee is RECOMMENDED to note the progress against the key service priorities included within the 2019/20 Business Plan.

The Board reviewed (LPB7) the latest position against the Annual Business Plan for 2019/20 as considered by the pension Fund Committee at their meeting on 6 September 2019.

Presenting the report Sally Fox reminded members about the Brunel Investment Day on 19 November.

Responding to Councillor Johnston the Chairman confirmed that Laura Chappell was now acting Chief Executive at Brunel but that an appointment process for a full time CEO was underway.

Sally Fox confirmed that potentially there was full access to viewing benefit statements on line but it was difficult to say how many were accessing or could access that.  Currently about 30% were registered but it was hoped that after Christmas it would be possible to give a better indication of numbers. She confirmed that there would be consultation on a Fund Allocation Strategy.

RESOLVED: to note progress against key service priorities included within the 2019/20 Business plan.

10:40

This report reviews the progress against the key objectives set in the business plan for the Pension Fund for the current financial year.

The Committee is RECOMMENDED to note the progress against the key service priorities included within the 2019/20 Business Plan.

Recommendations agreed.

The Committee had before them a report (PF8) which set out progress against the key objectives set out in the business plan for the Pension Fund for the current financial year.

Mr Collins reported that both funds should transition by the end of 2019, and that after Christmas Brunel would take over most of the Council’s money.  Accordingly, Brunel was holding an ‘Engagement Day’ in November for members, details of which would be emailed round to members shortly.  Mr Collins requested that the Committee email him with any requests of what paperwork members would find useful in advance of the workshop.

Mr Collins further reported that people were now logging in on line, which meant that they could provide more useful services to its members such as pension projections.

In response to members’ questions in relation to paragraph 13 of the report, Mr Collins explained that Dawn Turner had stepped down as Chief Executive to allow for someone with more Investment experience to take the company forward as it moved into business as usual and that the new post would be within the existing management budget.

RESOLVED:to note the progress against the key service priorities included within the 2019/20 Business Plan.