Agenda

To approve the minutes of the meeting held on 18 October 2024 and to receive information arising from them.

To receive the unconfirmed minutes of the Pension Fund Committee held on 13 December 2024.

Report by: Mark Smith, Head of Pensions

The Board are invited to review the position against the Annual Business Plan for 2024/25 as considered by the Pension Fund Committee at their meeting on 13 December 2024 and to offer any comments to the Committee.

Report by, Mukhtar Master, Head of Governance and Communications

This is the latest risk register as considered by the Pension Fund Committee on 13 December 2024.  The Board are invited to review the report and offer any further views back to the Committee.

Report of: 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 13 December 2024.  The report includes a log of all regulatory and data breaches.

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 13 December 2024, including the latest performance statistics for the service. 

Report of: Vicki Green, Pension Services Manager

This report will present the following reviewed policies for Committee approval:

LGPS:

-        Voluntary Scheme Pays Policy

-        Admission and Terminations Policy

-        Administering Authority Discretion Policy

Report by: Mark Smith, Head of Pensions

This report provides a copy of the Fund’s response to the recent call for evidence for noting.

Report by: Greg Ley, Pension Fund Investment Manager

This item provides the opportunity to raise any issues concerning Corporate Governance and Responsible Investment which need to be brought to the attention of the Committee.

The Committee is RECOMMENDED that the public be excluded for the duration of item 14 in the Agenda since it is likely that if they were present during those items there would be disclosure of exempt information as defined in Part I of Schedule 12A to the Local Government Act 1972 (as amended) and specified in relation to the respective items in the Agenda and since it is considered that, in all the circumstances of each case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

ANY REPORTS RELATING TO THE EXEMPT ITEMS HAVE NOT BEEN MADE PUBLIC AND SHOULD BE REGARDED AS STRICTLY PRIVATE TO

MEMBERS AND OFFICERS ENTITLED TO RECEIVE THEM.

Report by: Mark Smith, Head of Pensions

This report will outline the development of the workforce strategy detailing the plan for next steps on implementation.

The Board are invited to confirm the issues they wish to include in their latest report to the Committee.

Members are invited to identify any issues they wish to add to the agenda of the next meeting of this Board.