Issue - meetings
LGPS Update
Meeting: 21/05/2015 - Clwyd Pension Fund Committee (Item 8)
PDF 55 KBTo provide Committee Members with current
issues affecting the management of the LGPS
Additional documents:
Decision:
That the report be noted.
Minutes:
Mr. Paul Middleman (Fund Actuary – Mercers), introduced a report to inform the Committee of the national and local issues facing the management and operation of the LGPS. He provided background information and advised that a “current issues “document was appended to the report which provided detail around the Regulations and other matters referred to in the report.
Mr. Middleman reported on the key considerations for the Fund. He referred to the impact the new Government would have on the pension landscape following the General Election, a cut to the standard Lifetime Allowance, work on deficit management, methodology for calculating club transfer values, the TPRs Code of Practice, and AVC arrangements.
RESOLVED:
That the report be noted.