Loading
There is no summary of this meeting yet. One is written once the council publishes the minutes. The agenda and papers are below.
In accordance with the Code of Conduct adopted by the City & County of Swansea, the following interests were disclosed: 1) Councillors P Downing, M B Lewis, S Pritchard & W G Thomas declared personal interests in the agenda as a whole. Officers: 2) K Cobb, J Dong, H Evans, I Guy & C Issac declared personal interests in the agenda as a whole.
Resolved that the Minutes of the Pension Fund Committee meeting held on 10 September 2025 be signed and approved as a correct record.
Gillian Gillett & Leanne Malough from Audit Wales presented the Audit Wales, Audit of Accounts Report - City & County of Swansea Pension Fund 2024-2025. They stated that the Auditor would be issuing an Unqualified Audit. They thanked the Officers and Councillors of the Authority for their support and assistance during the audit process. The Deputy Chief Finance Officer / Deputy S151 Officer thanked Audit Wales for their work and support. Resolved that the report be noted.
The Deputy Chief Finance Officer / Deputy S151 Officer submitted a ‘for information’ report which outlined breaches which had occurred in the period in accordance with the Reporting Breaches Policy. Councillors proposed that the historical breaches from the report be no longer presented to the Committee and the future report be limited to showing only the breaches that occurred in the preceding 12-months. Resolved that future reports only show the breaches that have occurred in the preceding 12-months.
The Deputy Chief Finance Officer / Deputy Section 151 Officer submitted a report that sought approval of the annual report & statement of accounts for the City & County of Swansea Pension Fund 2024-2025. Resolved that the City & County of Swansea Pension Fund Annual Report and Statement of Accounts 2024-2025 be approved.
The Deputy Chief Finance Officer / Deputy Section 151 Officer submitted a report that recommended changes to the current staffing levels with the aim of addressing scheme administration challenges and Regulatory changes to ensure that the structure was fit for purpose to meet the objectives of the Pension Fund. Resolved that the resourcing and budgetary additions identified in Paragraph 32 of the report be approved and that authority be delegated to the Deputy Section 151 Officer to implement the decision accordingly.
The Deputy Chief Finance Officer / Deputy Section 151 Officer submitted a report that sought approval of the draft Funding Strategy Statement pending consultation responses from Employers. Resolved that the draft Funding Strategy Statement be approved pending consultation responses from Employers.
The Committee was requested to exclude the public from the meeting during consideration of the item(s) of business identified in the recommendation(s) to the report on the grounds that it / they involved the likely disclosure of exempt information as set out in the exclusion paragraph of Schedule 12A of the Local Government Act 1972, as amended by the Local Government (Access to Information) (Variation) (Wales) Order 2007 relevant to the item(s) of business set out in the report. The Committee considered the Public Interest Test in deciding whether to exclude the public from the meeting for the items of business where the Public Interest Test was relevant as set out in the report. Resolved that the public be excluded for the following items of business. (Closed Session)
Councillors must say when they have a personal link to something being discussed, such as a job, a property or a family member. A prejudicial interest is one strong enough that the councillor usually leaves the room and takes no part.
Declarations are read from the minutes once they are published.
Lists the council's current councillors only. Co-opted members, officers and former councillors aren't shown.