Agenda item

11:40

The report (PF12) provides an opportunity for the Committee to undertake a formal review of its major policy documents, held in line with the LGPS Regulations. The Committee has previously agreed to review all such documents on an annual basis, as a minimum, at its June meeting.

The Annexes to the report are listed as follows:

·         Annex 1 – The Funding Strategy Statement

·         Annex 2 – The Statement of Investment Principles

·         Annex 3 – Governance Policy and Governance Compliance Statement

·         Annex 4 – Communication Policy and Annex

·         Annex 5 – Early Release of Benefits Policy

·         Annex 6 – Scheme of Delegation

·         Annex 7 – Administration Strategy and two consultation responses

·         Annex 8 – Procedure for Reporting Breaches of Law to the Pension Regulator

The Committee is RECOMMENDED to approve the revised policy documents as set out in Annexes 1-8 to this report, noting the main changes in the documents as discussed, and in particular the feedback in respect of the recent consultation on changes to the Administration Strategy.

The Committee undertook a formal review of its major policy documents, held in line with the Local Government Pension Scheme Regulations. The Committee had previously agreed to review all such documents on an annual basis, as a minimum.

The Committee’s attention was directed to the further responses received to the current consultation on the Fund’s Administration Strategy, as set out on the Addenda.

RESOLVED: to approve the revised policy documents, as set out in Annexes 1 – 8 to the report, noting the changes contained therein; and in particular to note the comments received in respect of the recent consultation on changes to the Administration Strategy (as documented within the report itself and within the Addenda).