Decision Maker: Pensions Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The Committee considered and discussed the Pension Fund’s risk register. Members acknowledged the importance of considering the register at every meeting to allow them to review and monitor each risk and approve changes as necessary.
It was noted that a more thorough review of the risk register had been suggested, with the Committee working with the Pension Board to review all the risks currently on the register and consider risks not currently covered and this had been added to the workplan for the end of 2019.
There was a brief discussion about PF2 and it was explained that an actuarial valuation was currently being undertaken and it was thought this might see a change from the last valuation when the Fund was 77% funded to a new valuation of around 90%.
The report was accepted.
Publication date: 24/06/2019
Date of decision: 07/06/2019
Decided at meeting: 07/06/2019 - Pensions Committee