Issue - meetings

LGPS Update

Meeting: 12/06/2019 - Clwyd Pension Fund Committee (Item 9)

Purpose: To provide Committee Members with current matters affecting the management of the LGPS.

Additional documents:

Enc. 1 for LGPS Update, item 9 PDF 789 KB

Decision:

(a) All Committee members noted this report and make themselves aware of the various current issues affecting the LGPS, some of which are significant to the operation of the Fund.

Minutes:

The report was noted and the Chairman went straight to questions.

Mr Hibbert questioned the two reports which covered the £95k exit cap. He asked what it will mean for Welsh Government. Mr Middleman confirmed that the intention is that the Welsh Government would implement the Regulations. Mr Middleman explained he will go through where it is implemented in detail in the later report covering the draft consultation response.

RESOLVED:

(a) All Committee members noted this report and make themselves aware of the various current issues affecting the LGPS, some of which are significant to the operation of the Fund.