Agenda and minutes

Contact: Paul Frost - 0208 359 2205  Email: Paul.Frost@Barnet.gov.uk

Link: Click here for the meeting

Items
No. Item

1.

Minutes of last meeting pdf icon PDF 398 KB

    Minutes:

    Resolved: That the minutes of the meeting that took place on 24 June 2021, be approved

     

2.

Disclosable Pecuniary interests and Non Pecuniary interests

    Minutes:

    None received. 

     

    The chairman noted that if required members consider updating their declarations of interest form via the Council’s Governance Service.

     

3.

Absence of Members

    Minutes:

    An apology for absence was received form substitute member Alice Leach.

     

4.

Public Question and Comments (if any)

    Minutes:

    None.

5.

Report of the Monitoring Officer (if any)

    Minutes:

    None.

6.

Administration Performance Report

    Minutes:

    Mr Mark Fox, Pensions Manager introduced the report.  He gave an overview on West Yorkshire Pension Fund pensions administration performance report for August 2021, along with an update on the data improvement plan, production of the 2021 Annual Benefit Statements, administration issues and a Finance update.

     

    The Charmian welcomed and introduced Lisa Darvill and Yunus Gajra from West Yorkshire Pension Fund. They provided a verbal update on the work that had been completed to date.

     

    Members of the Board had the opportunity to ask questions.

     

    Mr Woodcock said in relation to 1.9 of the report that the backlog of cases may come from documents not being received or lost by the previous administrator.   It was noted that online submissions are now being used which the Board noted should resolve the matter.    Mr Woodcock noted that it was unachievable for all the data issues to be resolved in the year.   Mr Gajra verbally made a correction to the report and therefore said that he hoped the majority would be resolved.   Mr Woodcock requested that this be minuted.

     

     

    Having considered the report, the Local Pension Board:

     

     

    Resolved:

    The Local Pension Board noted the West Yorkshire Pension Fund’s performance levels, along with the actions being taken to correct the Fund’s data issues and historical leavers, along with the update on the 2021 Annual Benefit Statements and subsequent reporting to The Pensions Regulator.

     

     

    The Chairman thanked Lisa Darvill and Yunus Gajra for their work and their contribution to the meeting.

     

7.

Administration Performance Report pdf icon PDF 434 KB

    Additional documents:

    Minutes:

    Mr Mark Fox, Pensions Manager introduced the report.  He gave an overview on West Yorkshire Pension Fund pensions administration performance report for August 2021, along with an update on the data improvement plan, production of the 2021 Annual Benefit Statements, administration issues and a Finance update.

     

    The Charmian welcomed and introduced Lisa Darvil and Yunus Gajra from West Yorkshire Pension Fund. They provided a verbal update on the work that had been completed to date.

     

    Members of the Board had the opportunity to ask questions.

     

    Mr Woodcock said in relation to 1.9 of the report that the back lock of cases may come from documents not being received or lost by the previous administrator.   It was noted that online submissions are now being used which the Board noted should resolve the matter.     Mr Woodcock noted that it was unachievable for all cases to be resolved in the year.   Mr Gajar verbally made a correction to the report and therefore said that he hoped the majority would be resolved.   Mr Woodcock requested that this be minuted.

     

     

    Having considered the report, the Local Pension Board:

     

    Resolved:

    The Local Pension Board noted  the West Yorkshire Pension Fund’s performance levels, along with the actions being taken to correct the Funds data issues and historical leavers, along with the update on the 2021 Annual Benefit Statements and subsequent reporting to The Pensions Regulator.

     

     

    The Chairman thanked Lisa Darvil and Yunus Gajra for their work and their contribution to the meeting.

     

8.

Pensions Administration Risk Register pdf icon PDF 559 KB

    Additional documents:

    Minutes:

    Mr Mark Fox, Pensions Manager introduced the report.   He highlighted the contents and requested Board Members give consideration to the report.

     

     

    Having considered the report, the Local Pension Board:

     

     

    Resolved:

     

    That the Local Pension Board noted the report.

     

9.

Annual Performance Report pdf icon PDF 542 KB

10.

Consultation on Contribution Policies 28 September 2021 pdf icon PDF 356 KB

11.

LPB Committee Decisions pdf icon PDF 424 KB

    Minutes:

    The Head of Finance for Pensions, Mr Bruce introduced the report.    Mr Bruce noted the items that had been received by the Pension Fund Committee and the decisions that had been made.

     

     

    Having considered the report, the Local Pension Board:

     

    Resolved:

    That the Local Pension Board noted the report.

     

12.

Committee Work programme pdf icon PDF 220 KB

    Minutes:

    Resolved:

    That the Local Pension Board noted the work programme. 

     

13.

Any other item(s) the Chairman decides are urgent

    Minutes:

    None.