Agenda and minutes

Resolved:

That the minutes of the meeting that took place on 04 February 2021, be approved.

None.

None.

The Chairman noted that Board Member Mrs Rebecca Doctors has resigned.  He therefore thanked Mrs Doctors for her attendance and contributions at meetings.   The Chairman also noted that Officers were in the process of recruiting to the current vacancy.

None.

None.

None.

The Head of Finance for Pensions, Mr Bruce introduced the report. He provided an overview of thefunding position of the pension scheme and rate of contributions paid by employers noting that these are assessed every three years by the Scheme Actuary.

Members of the Local Pension Board had the opportunity to consider the report and ask questions.

Having considered the report, the Local Pension Board:

Resolved:

That the Local Pension Board note the Government Actuary’s Department report on the 2019 triennial valuation.

Mr Mark Fox, Pensions Manager introduced the report.   He highlighted the West Yorkshire Pension Fund pensions administration performance report relating to May 2021, along with an update on the data remediation plan and the production of the 2021 Annual Benefit Statements.  He also outlined the poor performance of Prudential and the steps the Council were taking to monitor and oversee the necessary corrections.

During the consideration of the item Mr Hem Savla suggested that Board members receive an update on the performance of the Prudential due to their poor performance.

Mr Rida requested that Officers check that the contact details for West Yorkshire Pension Fund are included in the pensions section on employment contracts to ensure they are accurate.

Having considered the report, the Local Pension Board:

Resolved:

The Local Pension Board are requested to noted West Yorkshire Pension Fund’s performance levels, along with the actions being taken to correct the Fund data issues and the update on the issuing of 2021 Annual Benefit Statements.

Mr Mark Fox, Pensions Manager introduced the report.  He explained that the paper provided the Local Pension Board with the revised Pensions Administration Strategy following the transfer of administration to West Yorkshire Pension Fund, along with details of the revised Internal Dispute Resolution Procedure (IDRP) and the draft Breaches Policy.

Mrs Leach requested to known if Officers has a conflict of interest as they work so closely with the administrator.   Mr Fox stated that this was not the case, he added that he was not conflicted although his role was closely aligned.   He also said that during review stages regarding complaints different Officers participate in different stages.  This provided assurance to the Board.

Members of the Local Pension Board had the opportunity to consider the report and ask questions.

Having considered the report, the Local Pension Board:

Resolved:

The Local Pension Board noted the report.

The Head of Finance for Pensions, Mr Bruce introduced the report.   He noted that BDO were unfortunately unable to attend the meeting.   He presented the report and requested that Board Members give consideration to the report and the Officer recommendation. 

Members of the Local Pension Board had the opportunity to consider the report and ask questions.

Having considered the report, the Local Pension Board:

Resolved:

That the Local Pension Board noted the audit strategy for the 2020/21

The Head of Finance for Pensions, Mr Bruce introduced the report. He provided an overview of the report. Mr Bruce noted the items and the decisions that the Pension Fund Committee had considered at its last 3 meetings.

The Chairman confirmed that he had briefed the Chairman of the Pension Fund Committee following the Board’s last meeting. 

Having considered the report, the Local Pension Board:

Resolved:

That the Local Pension Board noted the procedures applied by the Pension Fund Committee when reaching decisions at recent meetings and considered any issues associated with those procedures and decisions.

Mr Mark Fox, Pensions Manager introduced the report and gave a full overview of the Risk Register. He highlighted the detail in the report’s appendices and requested that Members give consideration to it.

Having considered the report the Local Pension Board:

Resolved:

That the Local Pension Board noted the risk registers.

Pensions Manager, Mr Keogh introduce the report and stated that the paper outlined the latest review of the fund’s compliance with the code of practice.

Having considered the report the Local Pension Board:

Resolved:

The Local Pension Board is asked to note the outcome of the review

Mr Mark Fox, Pensions Manager introduced the report.  Board Members noted that the paper provided them with the Training Policy for Board members to review and also the Self-Assessment Training Questionnaire for members to complete.

Having considered the report the Local Pension Board:

Resolved:

The Local Pension Board noted the report.

Resolved:

That the Local Pensions Board noted the work programme.

None.