Issue - meetings

24.1     The Committee considered a report introduced by Michael Burton who drew the Committee’s attention to the following points:

1)    The Communications group has been dissolved by the Pension Board and the Pension Board recommended the McCloud working group to be absorbed into the Administration working group.

2)    There are two government consultations which will conclude in October; a consultation to abolish the Lifetime Allowance (LTAs) and a consultation on Investment Pooling.  A draft of the pooling consultation response will be taken to Pension Committee and officers will circulate this draft to Board members and arrange a meeting after the Committee meeting for Board comments and questions on the draft response.

3)    Changes to the Pension Board were outlined and a paper will go to the 28 September Governance Committee meeting to approve Pension Board vice chair nominations and appoint to the remaining member representative vacancy.

24.2     The Pension Committee RESOLVED to:

1)            note the nomination of a member representative vice chair and an employer representative vice chair for the Pension Board;

2)            note the decision to dissolve the Communications working group;

3)           agree the discontinuation of the McCloud working group and absorb this into the Administration working group.