Agenda item

That the update be received.

Alwyn Hughes, Pensions Finance Manager, introduced a report to provide a quarterly update on governance related issues.  He reported on the main considerations, as detailed in the report, concerning the Business Plan 2016/17, the National Scheme Advisory Board, Local Pension Board,  governance related policy/strategy implementation and monitoring, and delegated responsibilities. 

The Pensions Finance Manager advised that a calendar of future events for the Committee, which included training and conference dates, was appended to the report.  Karen McWilliam drew attention to the Annual LGPS Trustees’ Conference which she recommended members to consider attending.  The Pension Fund Manager explained that a special meeting of the Committee would be held on 5 July 2016 to consider the ‘Pooling of   investments’, the draft Funding Strategy Statement and actuarial valuation as per item 14. 

Helen Burnham referred to the routine annual audit of Pension Administration undertaken during the final quarter of 2015/16.  She advised that one medium priority action and four low priority actions were identified and reported on the remedial tasks agreed as detailed in appendix 6 of the report.

During discussion Debbie Fielder, Pensions Finance Manager, provided clarification in response to the query raised by Councillor Haydn Bateman on the figures concerning ‘Transfers Out’ in the Business Plan 2016/17 to 2018/19 which was attached as appendix 1 to the report.

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RESOLVED: 

That the update be received.