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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: I Guy, R Thomas, Councillor S Knoyle and R Broad declared personal interests in the agenda as a whole. Officers: K Cobb, J Dong, C Isaac, and J Parkhouse declared personal interests in the agenda as a whole.
Resolved that the Minutes of the Local Pension Board meeting held on 23 July 2025 be approved and signed as a correct record.
Laura Caudwell and Arkady Gibas of AON provided an education & training session on The Triennial Valuation and responded to questions asked by the Board. The Chair and the Deputy Chief Finance Officer / Deputy Section 151 Officer thanked the AON representatives for the update and training provided.
The Deputy Chief Finance Officer / Deputy S151 Officer presented a ‘for information’ report which presented any breaches which had occurred in the period in accordance with the Reporting Breaches Policy. It was reported that no breaches had occurred during the period.
The Deputy Chief Finance Officer / Deputy Section 151 Officer provided ‘for information’ the draft annual report & statement of accounts for the City & County of Swansea Pension Fund 2024/25. It was outlined that the draft Annual Report & Statement of Accounts 2024/25 was provided at Appendix 1. They had previously been submitted to Audit Wales for the statutory external audit on 15 July 2025. The Final Pension Fund Annual Report & Statement of Accounts 2024/25 post audit and the accompanying Audit Wales report would be presented to the Pension Fund Committee and Local Pension Board meetings scheduled for November 2025.
The Deputy Chief Finance Officer / Deputy S151 Officer provided a ‘for information’ report which, in accordance with the Audit Wales Recommendation from the 2022/23 statutory audit, which informed the Pension Fund Committee and Local Pension Board of the reported exceptional items contained within the internal control assurance reports of appointed third party fund managers / custodians.
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.
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