Agenda

Venue: Virtual

Contact: Sue Whitehead  Tel: 07393 001213; Email:  sue.whitehead@oxfordshire.gov.uk

Link: video link to the meeting

Items
No. Item

1.

Welcome by Chairman

2.

Apologies for Absence

3.

Declarations of Interest - see guidance note opposite

4.

Petitions and Public Address

5.

Minutes pdf icon PDF 223 KB

To approve the minutes of the meeting held on  17 July 2020 (LPB5) and to receive information arising from them.

6.

Unconfirmed Minutes of the Pension Fund Committee meeting - 11 September 2020 pdf icon PDF 283 KB

7.

Review of the Annual Business Plan pdf icon PDF 525 KB

The Board are invited to review the latest position against the Annual Business Plan for 2020/21 as considered by the Pension Fund Committee at their meeting on 11 September 2020.

 

8.

Risk Register pdf icon PDF 211 KB

This is the latest risk register as considered by the Pension Fund Committee on 11 September 2020.  The Board are invited to review the report and offer any further views back to the Committee.

Additional documents:

9.

Administration Report pdf icon PDF 455 KB

The Board are invited to review the latest Administration Report as presented to the Pension Fund Committee on 11 September 2020, including the latest performance statistics for the Service, and to offer any comments to the Pension Fund Committee.

 

Additional documents:

10.

Governance Review pdf icon PDF 98 KB

The Board are invited to review the report on the Governance Review as presented to the Pension Fund Committee on 11 September 2020, which included the results of the National Knowledge Assessment (NKA).  The Board are invited to offer any comments to the Pension Fund Committee about the Governance arrangements in general.  They are also invited to consider their own NKA results, and what further actions they wish to take as a Board to improve their own role in the governance arrangements for the Fund.

Additional documents:

11.

Item at the Request of Alistair Bastin

The Pension Board is asked to consider the following:

 

This Pension Board recognises the ongoing commitment of time, energy and study from its members, in order to gain and maintain the knowledge and understanding required to fulfil the Board’s role effectively. This is clearly evidenced in the results of the recent National Knowledge Assessment.

 

This Pension Board also notes that regulation 106(8) of the LGPS Regulations 2013 states that a local pension board shall have the power to do anything which is calculated to facilitate, or is conducive or incidental to, the discharge of any of its functions.

 

Accordingly, the Board resolves to pay each member of the Board (scheme member representative and employer representative) who has completed the Local Government Association’s three-day Fundamentals course, organised by the Local Government Pensions Committee  a stipend of £4,000.00 per annum, backdated to 1 April 2020, and with an annual uplift in accordance with the annual pay settlement for local government staff.

12.

Items to Include in Report to the Pension Fund Committee

Following the request from the chairman of the Pension Fund Committee, there is now a standing item on the Committee agenda for this Board to report back to the Committee.  The Board are invited to confirm the issues they wish to include in their latest report to the Committee.

 

13.

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.