Report to:	Pension Board
Date of meeting:	11 September 2025
By:	Chief Internal Auditor
Title:	Internal Audit Report
Purpose:	This report advises the Board of the outcome of the Pension Fund Governance Arrangements audit.

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RECOMMENDATION:

The Pension Board is recommended to note the Pension Fund Governance Arrangements audit report (Appendix 1).

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1.         Background

1.1       The review of Pension Fund Governance Arrangements was completed as part of the Internal Audit Strategy for Pensions 2025/26 and provides assurance on the overall effectiveness of the system’s controls.  This is the first audit completed for 2025/26.

1.2       As a result of our work on Pension Fund Governance Arrangements, we were able to provide an opinion of Substantial Assurance over the controls in place.  

1.3       The Internal Audit Report on Pension Fund Governance Arrangements can be found at Appendix 1. 

2.         Conclusions and Recommendation

2.1       The Pension Board is recommended to note the Internal Audit report.

RUSSELL BANKS

Orbis Chief Internal Auditor

Contact Officer:          Nigel Chilcott, Audit Manager

Tel No.:                       07557 541803

Contact Officer:          Danny Simpson, Principal Auditor     

Tel No.:                       07701 394826

BACKGROUND DOCUMENTS:

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