Agenda item

Consideration was given to a report of the Corporate Director, Resources that informed Members of the draft LGPS Regulations which require the introduction of local ‘Pension Boards’ (for copy see file of Minutes).

Hilary Appleton, Strategic Finance Manager - Corporate Finance informed Members that the Pension Fund must establish a board by 1 April 2015.  Work is underway to establish the terms of reference based on the draft Regulations and a further report would be brought back to Committee in December when it is anticipated that the final Regulations will have been issued.

Resolved:

That the contents of the report are noted.