Issue - meetings

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 June 2025.  The report includes a log of all regulatory and data breaches.

Mukhtar Master, Governance and Communications Manager presented the Governance and Communications Report which had been presented to the Committee on 6 June 2025.  He outlined the largest piece of work which was the General Code of Practice and provided an update on the Fund’s compliance against the 51 modules that consisted of the new Code over the previous year and also planned for 2025/26.  He noted that of the 51 modules, the Fund were only expected to ensure compliance against those relevant to the LGPS and that there were 20 for 2024/25 and 17 for 2025/26.

He also provided an overview of reportable breaches, and advised that there was a slight increase in the number of breaches received for that quarter, mainly due to one employer with multiple contracts failing to submit data or pay contributions on time due to a changeover of inhouse administration.  None of the Q4 breaches were materially significant and as such were not notified to either The Pensions Regulator or the Information Commissioner.

The Board noted the report.

10.55

This report covers the key governance and communication issues for the Fund, including a report on any breaches of regulation in the last quarter.

The Committee is RECOMMENDED to:

i)      Note the Fund’s update on the Pension Regulator’s General Code of Practice. 

ii)    Note the latest quarter’s breaches for the fund.

iii)   Note the communications update.

Anna Lloyd, Governance and Communications Officer presented the report of the Executive Director of Resources and Section 151 Officer which covered the key governance and communication issues for the Fund, including a report on any breaches of regulation in the last quarter.

She provided an update on the Pension Regulator’s General Code of Practice, which reported that there was a requirement to complete all of the 51 modules by March 2025 to be compliant.  It was reported that only one module remained outstanding and the detail of this was included within Appendix 1 to the report.

An increase in Code of Practice breaches was recorded, and further information on the particular employers involved was reported to the Committee who were advised that the Employer Team had worked with these employers to ensure that the issues were resolved, and that data and contributions were submitted as required.

On request of the Committee, Anna Lloyd provided further contextual information to the data breach that had occurred in Q4.

The Committee was RESOLVED to:

i)                Note the Fund’s update on the Pension Regulator’s General Code of Practice.

ii)              Note the latest quarter’s breaches for the fund.

iii)             Note the communications update.