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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.
Resolved that Councillor M B Lewis be elected Chair of the Pension Fund Committee for the 2026/27 Municipal year. (Councillor M B Lewis (Chair) presided)
Resolved that Councillor S Pritchard be elected Vice-Chair of the Pension Fund Committee for the 2026/27 Municipal year.
In accordance with the Code of Conduct adopted by the City & County of Swansea, the following interests were disclosed: Councillors: 1) M B Lewis, P N Bentu, P Downing, P Rogers & S Pritchard declared personal interests in the agenda as a whole. Officers: 2) G Borsden, K Cobb, L John, M King & S Palmer declared personal interests in the agenda as a whole.
Resolved that the Minutes of the Pension Fund Committee meeting held on 18 March 2026 be signed and approved as a correct record, subject to Cllr P Rogers name being added to the list of declarations in Minute 51.
Resolved that Councillor W Thomas be appointed as a non-voting Co-Opted Member of the Pension Fund Committee for the 2026/27 Municipal Year.
Part of an issue followed across 3 meetings
Michelle King, Interim Head of Pensions and Deputy S151 Officer, introduced the City and County of Swansea Pension Fund – Audit Plan 2025, which outlined the financial activities of the Pension Fund. It was noted that there was a statutory responsibility to ensure that the accounts were available for public inspection. The accounts would be available between 22 September and 19 October 2026, during which time members of the public could attend the Guildhall or visit the website to review the accounts and annual report and submit comments. Gillian Gillett, Audit Wales, presented the report, outlining the key areas of focus and the approach that Audit Wales would adopt during 2026 to discharge its statutory responsibilities as external auditor. This included fulfilling its obligations under the Code of Audit Practice to examine and certify whether the Pension Fund’s accounting statements were ‘true and fair’. The Committee sought clarification from Audit Wales regarding the planning materiality, and it was confirmed that this was set at 1% of gross assets based on the 2024–25 audited financial statements. The Chair thanked the Audit Wales representative for presenting the report. Resolved that: 1) Audit Plan 2026 be approved. 2) Audit Fees for 2025/2026 be approved.
Michelle King, Interim Head of Pensions & Deputy S151 Officer, presented the City & County of Swansea Pension Fund Business Plan 2026/27 which sought to approve the Pension Fund’s Budget for 2026/27 set out in the Business Plan 2026/27. It was noted that the report had been presented to and approved by the Pension Fund Committee on 18 March 2026; however, the budget included related to 2025/2026 rather than 2026/2027. The report acknowledged this error and sought approval accordingly. Resolved that the City and County of Swansea Pension Fund Business Plan 2026/27 be approved
Michelle King, Interim Head of Finance / Deputy S151 Officer submitted a ‘for information’ report which outlined breaches which had occurred in the period in accordance with the Reporting Breaches Policy.
Michelle King, Interim Head of Finance / Deputy S151 Officer presented a ‘for information’ report on the Fit for the Future Update report which updated Members on the government response to the technical consultation on the Fit for the Future regulations and the changes being brought about by the new regulations. It was noted that two pieces of legislation were due to come into effect on 30 June 2026. The report highlighted the associated changes, including the requirement to approve a Senior LGPS member. It was also noted that appointments could not be made until the Terms of Reference had been updated. Committee members raised questions in relation to: • Training opportunities for members • The asset pool and transition timetable
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.
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.