Issue - meetings
Pension Fund Annual Governance Report and 2019/20 Statement of Accounts
Meeting: 06/11/2020 - Audit Committee (Item 24)
Report by the Chief Finance Officer
Additional documents:
- AC 061120 Item 6 - Appendix 1 2019.20 GT East Sussex PF Audit Findings Report, item 24
PDF 897 KB
- AC 061120 Item 6 - Appendix 2 PF Annual Report 2019-20 with schroders response, item 24
PDF 3 MB
Minutes:
24.1 The Committee considered a report by the Chief Finance Officer which presented the external auditor’s (Grant Thornton) report to those charged with governance and the Pension Fund Annual Report before it is presented to the Pension Board and Pension Committee.
24.2 The Committee discussed the management actions and response, and the new Pension Team structure. It was confirmed there were three teams under a new permanent Head of Pensions: governance & compliance, employer engagement and investment & accounting, and that recruitment to fill all levels of the structure was under way. The new structure had been agreed as a result of the Good Governance Review and to increase internal expertise in managing the Fund, to reduce reliance on external advisors.
24.3 The Committee RESOLVED to (1) note the Grant Thornton report; and
(2) note the management actions detailed on page 13 of the Report to those charged with governance.