Issue - meetings

35.1       The Committee considered a report providing an update on various governance workstreams completed and changes effecting the Local Government Pension Scheme (LGPS) and East Sussex Pension Fund (ESPF or the Fund).

35.2       It was clarified that all contracts for external advisers include a requirement for the external adviser to notify the Fund of any conflicts of interest. There is confidence that external advisers are compliant with this requirement, for example, Isio has a strict internal process in place to report any conflicts as soon as they arise. The Committee suggested the requirement to sign off a conflict of interest form on an annual basis would bring external advisers in line with Councillors, Board members and employees.

35.3       The Committee RESOLVED to:

1)    Note the report;

2)    Approve the changes to the conflict of interest policy (Appendix 1) subject to the addition of a requirement that external advisers should submit an annual conflict of interest form; and

3)    Approve the changes in relation to General Data Protection Regulation (GDPR) on the Fund’s Privacy notices (Appendices 3 & 4)