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The decisions as the council's minutes record them. A plain-language summary follows once it has been written.
RESOLVED that in accordance with Section 106 [8] Local Government Pension Scheme [LGPS] Regulations 2013 the Board goes into the confidential agenda with the public and press being excluded as some of the information may relate to financial or business affairs of a particular person or organisation.
Apologies were received from: Ian Jones (Scheme Member Representative) John Byrne (Scheme Member Representative)
There were no declarations of interest.
The minutes of the last meeting held on 09 February 2024 were agreed as a correct record.
The Chair highlighted and the Pension Fund Manager confirmed that: · Item 4 - the internal investment performance training/meeting was held on the 17 April and well received. A query was answered that understanding continues to grow in the Committee and training events were well attended. The Pension Fund Manager would circulate the training repository link to Members and officers. · Item 7 – General Code of Practice – it was explained that local decisions by the Council were to be made around the appropriate scheme manager and good governance measures within the code of practice and it was asked if an update could be provided at the next Board meeting. More detail would be covered in agenda Item 9.
The Board noted the draft minutes of the Pensions and Investment Committee of 22 March 2024. It was highlighted that: · The Pension Fund Manager clarified that to date the reporting structure had not changed. · Item 5 – the Committee expressed thanks for the support and suggested changes received from the Board following a risk register deep dive. · Item 5 - assurance was provided to the Committee that resources had been strengthened to accommodate recent demands within the Pensions Administration Team. · Item 13/14/15 - approval of procurement exercises and the Business Plan.
The Pension Fund Manager confirmed the process to fill the position of Board chair had begun.
Decision as recorded
RESOLVED that in accordance with Section 106 [8] Local Government Pension Scheme [LGPS] Regulations 2013 the Board goes into the confidential agenda with the public and press being excluded as some of the information may relate to financial or business affairs of a particular person or organisation.
RESOLVED that in accordance with Section 106 [8] Local Government Pension Scheme [LGPS] Regulations 2013 the Board goes into the confidential agenda with the public and press being excluded as some of the information may relate to financial or business affairs of a particular person or organisation.
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