Agenda item

(a)       Committee noted the business plan and agreed actions.

(b)       Committee approved the recommendation to move G4 (Key Man Risk) to 2017/18.

(c)        Committee approved the change to Officers’ Delegations incorporating changes to Funding Risk Management decisions

Mr Hughes (Pensions Finance Manager) gave an update on key points in the report relating to the Business Plan for 2016/17. 

            Mr Hibbert asked why the actuarial fees had been underestimated. Mr Latham said it had been underestimated in relation to areas such as the Flightpath restructure and equity protection work. 

            Mr Hibbert asked if his training log could be updated in relation to his attendance at the Annual TUC event – A Decent Retirement.  Mr Hughes was confirmed this could be added to his training log if he provide the details.

            Mr Latham noted that a large number of new employers have joined the Pension Fund which had added to workloads. 

RESOLVED:

1.         Committee noted the business plan and agreed actions.

2.         Committee approved the recommendation to move G4 (Key Man Risk) to 2017/18.

3.         Committee approved the change to Officers’ Delegations incorporating changes to Funding Risk Management decisions