Agenda item

The Committee considered a report of the Corporate Director of Resources which briefed Members on development matters which were Local Government Pension Scheme (LGPS) specific and non-LGPS matters which were of interest (for copy see file of Minutes).

The Head of Pensions explained as regards updates including: Guaranteed Minimum Pension (GMP) consultation; the Levelling Up White Paper; Good Governance within the LGPS; Taskforce on Climate-related

Financial Disclosures (TCFD); consultation on minimum pension age; boycotts, divestments and sanctions; and ‘stronger nudge’, advice as regards direct contributions when being taken or transferred.

Councillor J Atkinson asked as regards the minimum pension age and when it would come into effect from.  The Head of Pensions noted it was expected to change in 2028, with members joining today having a minimum pension age of 57 from 2028.

Resolved:

That the report be noted.