Meeting documents

To consider this report.

The Committee considered a report that advised Members the Pension Fund is required to maintain a significant number of policies and statements in accordance with LGPS regulations. In line with good governance the new Committee was being offered the chance to amend and approve the following documents, each attached to the report as a numbered annex:

•           Funding Strategy Statement (annex 1)

•           Investment Strategy Statement (annex 2)

•           Financial Reporting Council Stewardship Code Statement (annex 3)

•           Governance Compliance Statement (annex 4)

•           Pensions Committee Scheme of Delegation (annex 5)

•           Pensions Committee Training Policy (annex 6)

•           Communication Policy Statement (annex 7)

•           Pension Administration Strategy (annex 8)

The Funds and Investments Manager provided an overview of each document and explained that all the policies and statements had been the subject of a consultation exercise at the point of their introduction or last significant alteration. It was also noted that the Funding Strategy Statement and Investment Strategy Statement had just been the subject of a consultation with Fund employers.

Members also heard that the Committee could request that each document be considered at any future meeting if so desired. Following a brief discussion the Committee agreed to adopt the policies and statements as attached to the report.