Issue - meetings

LGPS Update

Meeting: 13/06/2018 - Clwyd Pension Fund Committee (Item 8)

To provide Committee Members with current matters affecting the management of the LGPS.

Additional documents:

Enc. 1 for LGPS Update, item 8 PDF 1 MB

Decision:

The Committee members noted this report and made themselves aware of the various current issues affecting the LGPS, some of which are significant to the operation of the Fund.

Minutes:

The Chairman passed over to this item of the agenda to Mr Middleman to highlight anything particular about the LGPS current issues this quarter.

Mr Middleman noted that the Fund was discussing the implications of the recent introduction of Exit Credits which will be discussed in the Investment and Funding update agenda item. Also noted that the Section 13 2016 valuation comparison report from the GAD was expected at the end of July. The outcome will be reported on the September Committee but it was expected the Fund will have a clean bill of health.

RESOLVED:

The Committee members noted this report and made themselves aware of the various current issues affecting the LGPS, some of which are significant to the operation of the Fund.