Vicky Jenks (Pensions Administration Delivery Lead) introduced this report which provided a summary of recently reviewed Pension Fund policies and gave an update on regulatory developments in the pensions arena. She advised that the Fund had reviewed its Bribery and Fraud Policy, it was not considered that any amendments were currently required. The Fund was in the process of reviewing its Internal Dispute Resolution Procedure as part of the planned review cycle. No material changes were anticipated. She advised that it had been resolved to postpone the proposed review of governance processes until after the Scheme Advisory Board (SAB) has released the findings of its Good Governance Review. However, preparatory work had been undertaken.
In response to Councillor Hammersley, Vicky Jenks advised that the Bribery and Fraud policy would continue to be monitored.
That the Staff and Pensions Committee notes the updates contained within the Report.