Agenda item

15:00

The report (PF15) provides an opportunity for the Committee to undertake a formal annual review of its major policy documents held in line with the LGPS (Local Government Pension Scheme) Regulations. The Committee has previously agreed to review all such documents on a minimum of an annual basis at their June meeting. The attached policies are as follows:

·         The Funding Strategy Statement – Annex 1

·         The Investment Strategy Statement – Annex 2

·         The Governance Policy and the Governance Compliance Statement – Annex 3

·         The Communications Policy – Annex 4

·         Early Release of Deferred Benefits Policy – Annex 5

·         Scheme of Delegation – Annex 6

·         Administration Strategy – Annex 7

·         Procedure for reporting braches of the law to the Pensions Regulator – Annex 8

·         Administering Authority Discretions – Annex 9

The Committee is RECOMMENDED to approve the revised policy documents as set out in Annexes 1-9 to this report, noting the main changes in the documents as discussed above, and the future changes required in the Governance Policy on the establishment of the Brunel Pension Partnership and the transition of Funds.

The Committee considered a report (PF15) which provided an opportunity for the Committee to undertake a formal annual review of its major policy documents held, in line with the LGPS (Local Government Pension Scheme) Regulations.

RESOLVED: (additions in bold italics)

(a)  to approve all the revised policy documents as set out in Annexes 1-9 to the report, whilst noting the main changes in the documents and the future changes required in the Governance Policy on the establishment of the Brunel Pension Partnership and the transition of Funds; and

(b) (moved by Cllr Nick Carter, duly seconded and carried nem con)that in the case of the Investment Strategy (Annex 2) to request the Officers to come back to a future meeting with a report on the extent to which human rights are considered in the Strategy.