Issue - meetings

Regulatory & Policy Update Report

Meeting: 04/03/2024 - Staff and Pensions Committee (Item 3)

3 Pension Fund Regulatory and Policy Update Report pdf icon PDF 76 KB

Additional documents:

Minutes:

The Chair highlighted that Martin Griffiths (Technical Specialist – Pension Fund Policy and Governance) would leave the Council before the date of the next meeting. On behalf of the Committee, he thanked Martin for his dedication and hard work and gave his best wishes.

 

Martin Griffiths introduced the report which provided an update on the findings of the Annual Review of Pension Fund Policies as well as details of regulatory developments in the pensions arena.

 

Councillor Millar stated that it was positive that a Business Continuity Plan was in place to ensure smooth running of the Fund following the recent departures of experienced officers. It was also promising that cyber security was being treated as a priority.

 

Councillor Kettle moved that the recommendation be accepted and was seconded by Councillor Hammersley. This was supported unanimously by the Committee.

 

Resolved:

 

That the Committee notes the updates contained within the Report.