Agenda item

(a)       The Committee considered the update and provided comments

(b)       The Committee approved the proposed changes to the Conflicts of Interest Policy.

Mr Latham led this item of the agenda and said that the Fund were unsuccessful in appointing candidates to fill the advertised posts. He is working with HR to identify a solution.  Mr Everett commented that all is being done but it takes time to identify candidates of suitable quality.  It was also noted that succession planning was being discussed right across the Council so it is not just a pension fund issue.

Mrs McWilliam discussed the Aon Administering Authority Survey on organisational and pay structures within the LGPS. It was completed by 31 Administering Authorities.  She added that it is a difficult survey to carry out objectively as all the administrating authorities work in different ways (i.e. the Clwyd Fund have substantial Private Market  investments whereas other LGPS funds may not). Mrs McWilliam said that generally the majority that responded claimed that they were struggling and looking at resources/structure.  Also around 20% pay a Market Supplement/Premium which is consistent with previous discussions on recruitment policy.

Mr Latham noted that there is a responsible investment seminar to be held in Cardiff for members of the WPP and for the members of the Committee to let Mrs Fielder know if they can attend.

Mr Latham also asked members of the Committee for approval on changes to the Conflicts of Interest policy in Appendix 9.

RESOLVED:

(a)       The Committee considered the update and provided comments

(b)       The Committee approved the proposed changes to the Conflicts of Interest Policy.