Issue - meetings

The item was introduced by Chris Norton (Strategy and Commissioning Manager - Treasury, Pension, Audit and Risk), who said membership of the Fund and the number of employers continued to grow. This had led to the management of the Fund becoming increasingly complex, although this had been the case for some time. The core objective remained to pay pensions accurately and on time, and to have the funds available to do this. A lot of work was taking place regarding workforce planning, as there were difficulties in recruiting and retaining staff. Sustainability had been added as a new category in the list of actions.

It was confirmed that as of March 2023 the value of the Fund was £2.65billion.