Issue - meetings

Regulatory and Policy Update

Meeting: 02/02/2022 - Warwickshire Local Pension Board (Item 6)

6 Regulatory and Policy Update pdf icon PDF 216 KB


Neil Buxton, Technical Specialist – Pension Fund, introduced the item and advised Members that the cyber security policy had been updated. The new policy had been externally reviewed in a benchmark test and been assessed as being a good policy compared to other Local Authorities. The policy would be reviewed internally and externally to ensure ongoing quality.


Neil Buxton said the Unions were in the process of taking McCloud through a judicial review, due to the costs associated with it stopping many of the planned improvements. This was going through the courts and updates would be provided in due course.


It had been confirmed that the CPI rate would increase by 3.1 per cent, as had been anticipated. Pension pot rates would increase by the same amount.


It was expected there would be an announcement on a single code of practice for pension regulators at some point in the summer.