Issue - meetings

Clwyd Pension Fund Update

Meeting: 16/04/2013 - Flintshire County Council (Item 159)

Decision:

That the update be noted.

Minutes:

The Head of Finance introduced an update on the following issues relating to the Clwyd Pension Fund:-

Local Government Pension Scheme (LGPS) 2014
Welsh Pension Fund collaboration
Financial Update
New Investment update
Other information

The Head of Finance advised that consultation on the future of the Councillors Pension Scheme had now been published but applied to England only. The matter of whether Members Allowances were pensionable was a devolved matter for Welsh Government. She referred to the work undertaken by the Society of Welsh Treasurer’s (Pensions Sub Group) which was considering the opportunities for collaborative working amongst the eight pension funds in Wales. Consultation had taken place during March on a report “Working Together” which set out the work undertaken to date. She advised that there was no proposal for the merger of funds at this stage, but of enhanced collaboration and that this would be explored in the full business case.

RESOLVED:

That the update be noted.