Decision details

 RESOLVED that the minutes of the meeting held on 29 November 2017 be approved as a correct record.

Matters Arising

In relation to minute item 10 (Interaction with Pension Regulator) it was noted that training for Board Members had taken place on 10 January 2018.  The Head of Governance reported that the training session had been focussed on the initial four elements of the CIPFA Local Pension Boards Technical Knowledge and Skills Framework – pensions legislation, pensions governance, pensions administration, and pensions accounting and auditing standards).  A further session would be commissioned to cover the remaining four elements – pension services procurement and relationship management, investment performance and risk management, financial markets and product knowledge, and actuarial methods, standards and practices.  In addition, Board Members had been sent details of the Competency Self-Assessment Matrix set out in the CIPFA Framework and it was noted that the Head of Treasury would contact Board Members during March to complete this matrix.  Findings would then be used to identify skills gaps and inform individual training plans for Board Members.