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Issue - meetings

Pension Administration/Communications Update

Meeting: 04/09/2019 - Clwyd Pension Fund Committee - currently one vacancy for Denbighsire County Council (Item 25)

25 Pension Administration/Communications Update pdf icon PDF 253 KB

To update Committee Members on administration and communication matters for the Clwyd Pension Fund and approve some changes to timescales in the Business Plan.

Additional documents:

Decision:

(a)          That the Committee considered the update and provided any comments. In particular, the Committee noted the statistics highlighting the excellent progress with data cleansing (including the submission of valuation data) and the iConnect implementation; and

 

(b)          That the Committee approved the change in timescales to the business plan as outlined in paragraph 1.01.

 

Minutes:

Mrs Williams drew attention to The Pension Regulator Data Quality report 2019 results. The Common Data score decreased from 92.7% last year to 92.1%. This slight decrease was a result of 3,867 more members in scope for testing this year. The Scheme Specific Data score had increased from 68.2% to 81.7%.  However, based on the new factors the Scheme Specific score that will be reported to the TPR is 92.7% and the Common Data score is 96.8%.

 

Mrs Williams also noted that an action on the business plan is to complete the member tracing exercise which is in progress.

 

Mr Everett emphasised that there needs to be a continued push by all stakeholders for members to use the Member Self Service.  This will assist greatly in freeing up resource on the administration team.

 

RESOLVED:

 

(a)          That the Committee considered the update and provided any comments. In particular, the Committee noted the statistics highlighting the excellent progress with data cleansing (including the submission of valuation data) and the iConnect implementation; and

 

(b)          That the Committee approved the change in timescales to the business plan as outlined in paragraph 1.01.


 

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