Agenda and minutes

There were no declarations of interest on this occasion.

The Director of Finance and Resources referred to minute number 43 and informed the Board that Kate Salter had attended the Officer Working Group Risk Register meeting held during the summer.

RESOLVED – That the minutes of the meeting held on 15 June 2018 be confirmed and signed by the chairman.

·         Pensions Committee – Minutes of the meeting held on 15 June 2018

·         Pensions Committee – Meeting held on 27 September 2018

RESOLVED – That there were no matters arising.

Oral report of the Chairman of the Pensions Board

The Chairman reported that most Pension Boards from across England were represented at the Local Pensions Board Conference held in London and organised by CIPFA. The Board were informed that the Conference programme included presentation from the Local Government Pension Scheme Advisory Board and the Pensions Regulator and there were also discussions around Pooling. The Chairman indicated that a number of the Pensions Board represented at the Conference were critical of the pensions regulator and the time it took to receive a response to any issues raised with him.

During the Conference, the representatives of several of the Pensions Board from the Funds in LGPS Central agreed that it would be useful for them to meet on a regular basis and, to this end, a meeting, had been arranged for 10 October 2018 in Wolverhampton. As the Chairman was not able to attend the meeting due to a prior commitment, it was agreed that Christina Washington attend.

The Board also discussed the Chairman’s concern regarding Enviroserve and the fact that the Pensions Regulator, who promised a response within two weeks, had failed to do so. The Chairman advised that he was still waiting for this response, three months later. The Board agreed that the Chairman should pursue a response from the Pensions Regulator.

RESOLVED – (a) That the update be noted

(b) That the Chairman write to the Pensions Regulator to request a response to the concerns regarding Enviroserve.

·         18 December 2018

·         15 March 2019

RESOLVED – That the dates of the future meetings be noted.

The Chairman to move:-

‘That the public be excluded from the meeting for the following items of business which involve the likely disclosure of exempt information as defined in the paragraphs of Part 1 of Schedule 12A of the Local Government Act 1972 (as amended) indicated below’.

PART TWO

RESOLVED - That the public be excluded from the meeting for the following items of business which involve the likely disclosure of exempt information as defined in the paragraphs of Part 1 of Schedule 12A (as amended) of Local Government Act 1972 indicated below.

(Exemption paragraph 3)

(Exemption paragraph 3)

(Exemption paragraph 3)

·         Pensions Committee – Minutes of the Meeting held on 15 June 2018

·         Pensions Committee – Meeting on 27 September 2018

(Exemption paragraph 3)

(Exemption paragraph 3)

Presentation by Hymans Robertson

(Exemption paragraph 3)