Issue - meetings

The Committee had before it a report by the Director of Resources which provided an update on the Scottish Fire and Rescue Service, a Scheduled Body within the North East Scotland Pension Fund (NESPF), as they sought to consolidate their assets and liabilities within a single Local Government Pension Scheme (LGPS) Fund.

The report recommended:-

that the Committee –

(a)      note that NESPF officers, utilising delegated powers, have tendered for the provision of consolidated Administration and Associated Services for the Scottish Fire and Rescue Service;

(b)      note that, should the tender prove successful, NESPF officers will have full access to consolidated financial data, which will enable them to assess any potential financial risks and that where these potential financial risks are acceptable to the Chief Officer – Finance, the NESPF wishes to proceed with the provision of the consolidated Administration and Associated Service for the Scottish Fire And Rescue Service; and

(c)      delegate authority to the Chief Officer – Finance, following consultation with the Convenor of the Pensions Committee, to approve the provision of the consolidated Administration and Associated Service.

The Committee resolved:-

to approve the recommendations.