Issue - meetings

(a)       That the Committee notes that Officers will consider the findings of the review and identify how and when improvements should be made; and

(b)       That the Committee notes that Officers will carry out a self-assessment against the compliance checklist on an annual basis which will be reported back to the Committee and Pension Board.   

Mrs McWilliam, Independent Advisor - Aon Hewitt, introduced a report to advise on compliance with the Pension Regulator’s (TPR) Code of Practice (COP) number 14, for the governance and administration of public service pension schemes which came into force in April 2015.  She reported that Aon Hewitt had undertaken an initial review of the management of Clwyd Pension Fund against the requirements and the results had been positive.  Aon Hewitt had determined that the Fund was largely compliant with the COP and had identified a number of areas where relatively small changes in processes or documentation practice would create greater compliance.  

Mark Owen asked if an annual review was required and if so, could this be undertaken by the Authority using internal resources. Mrs. McWilliam recommended that an annual review was carried out and explained that this could be done ‘in-house’ with Officers and staff.

In response to a query by Councillor Haydn Bateman regarding an item of non-compliance in relation to the procedure for recording and reporting beaches of the law, Mrs. McWilliam explained that the process for recording breaches was work in progress at the time of the review but this was now in place.  

RESOLVED:

(a)       That the Committee notes that Officers will consider the findings of the review and identify how and when improvements should be made; and

(b)       That the Committee notes that Officers will carry out a self-assessment against the compliance checklist on an annual basis which will be reported back to the Committee and Pension Board.