Issue - meetings

Neil Buxton (Technical Specialist - Pension Fund Policy and Governance) introduced the report which provided a summary of regulatory developments within the pension arena alongside details of policies reviewed either as part of an annual review or where there had been a requirement for minor amendments.

Neil Buxton advised of developments that had come to attention following publication of the report. He reported that the government review of exit payments for LGPS members would be progressed as a parliamentary Private Members’ Bill. Progress would be monitored.

Neil Buxton reported that the national Governance Review had been delayed until summer 2022; the Pensions Regulator Single Code of Practice would also be delayed until summer 2022, or possibly later. He advised that the Pensions Regulator may choose to make a recommendation to pension funds on meeting arrangements. It was likely that a focused approach to meetings would be advocated, increasing the number of meetings held from the quarterly arrangement currently in place. 

The Chair stated that, to some extent, this approach was already in place in Warwickshire as part of the regularly held training, development, and discussion sessions.

Resolved:

That the Committee notes the report.