Issue - meetings

The Committee had before it a report by the Chief Officer – Finance which provided various updates and recommendations (if applicable) to changes to the North East Scotland Pension Fund.

The report provided an update on the Pension Fund Annual Benefit Statements; the National LGPS Framework for Additional Voluntary Contribution (AVC) services; the Pension Administration Strategy (PAS); the newly appointed Chair and Vice Chair of the Pension Board; the withdrawal from the Fund of the Scottish Fire and Rescue Service; two employer exits from the Fund; and further information on Pension dashboards.

The report advised that the following documents had also been updated as follows:-

·       Governance Compliance Statement (update to Pensions Committee number from 13 to 9, minor amendments to reflect changes to operations e.g. employer bulletin, admin forum frequency etc.)

·       Employer Engagement (minor grammatical amendments, update admin forum frequency to bi-ennial)

·       Conflicts of Interest (amended references from Code of Practice 14 to General Code and other minor grammatical corrections)

·       Appointment and Management of Advisers and Service Providers (**NEW**, collates and formalises procurement process from initial considerations, appointment and subsequent contract management to meet tPR General Code requirements – see Appendix III of the report)

· 

Appended to the report were updated copies of the risk register; the Pensions Administration report; the policy document and the Pension Board Annual Report.

The report recommended:-

that the Committee –

(a)      approve the updates to the Fund policy documents as set out in 6.2 of the main report; and

(b)      note the remainder of the report for reassurance.

The Committee resolved:-

to approve the recommendations.