44 LGPS Pooling Reform
Report by: Mark Smith, Head of Pensions
The Board are invited to note this report as presented to the Pension Fund Committee on 6 June 2025.
Additional documents:
Minutes:
The Board received a report from the Executive Director of Resources and Section 151 Officer which covered the recently proposed reforms to pooling proposed by central government as presented to the Pension Fund Committee on 6 June 2025.
The Board discussed the various options presented by the Fund Officers to explore options that would seek to achieve the best outcome for both scheme members and employers in private session.
The Board noted the report.
34 LGPS Pooling Reform
12.10
This report will cover the recently proposed reforms to pooling proposed by central government.
The Committee is RECOMMENDED to:
i) Note the receipt of the invitation received jointly from the Minister of State for Housing, Communities and Local Government and the Minister for Pensions on 9 April 2025 see Appendix 1; and
ii) Endorse the approach taken by Fund officers in developing the options available, to enable a decision to be reached in September 2025 Pension Fund Committee.
Additional documents:
Minutes:
The Committee received a report from the Executive Director of Resources and Section 151 Officer which covered the recently proposed reforms to pooling proposed by central government.
The Committee discussed the various options presented by the Fund Officers to explore options that would seek to achieve the best outcome for both scheme members and employers in private session.
The Committee RESOLVED to:
i) Note the receipt of the invitation received jointly from the Minister of State for Housing, Communities and Local Government and the Minister for Pensions on 9 April 2025 see Appendix 1; and
ii) Endorse the approach taken by Fund officers in developing the options available, to enable a decision to be reached in September 2025 Pension Fund Committee.