Issue - meetings
LGPS Update
Meeting: 05/09/2018 - Clwyd Pension Fund Committee (Item 22)
PDF 92 KBTo provide Committee Members with current
matters affecting the management of the LGPS.
Additional documents:
Decision:
The Committee members noted the 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:
Ms Gemmell gave a brief update regarding the current issues affecting the Local Government Pension Scheme. Ms Gemmell mentioned that The Pensions Regulator will be visiting 10 Funds to assess the data quality and seek improvements. No warnings will be given and Fund’s need to be on the lookout for a communication from TPR. She also confirmed that HMRC will not tax any Exit Credits paid by funds when an employer leaves the Fund in surplus. It was noted that the Section 13 report from GAD is expected during September 2018 and that the Fund had a clean bill of health.
RESOLVED:
The Committee members noted the report and made themselves aware of the various current issues affecting the LGPS; some of which are significant to the operation of the Fund.