Issue - meetings

29.1     The Committee considered a report introduced by Sian Kunert who drew the Committee’s attention to the following risks:

1)   Risk A3 – Production of Statutory member returns, has been reduced due to the improvements in ABS completion rates for 2023/24.

2)   Risk A7 has been renamed as Implementation of Oracle to reflect the status of the Enterprise resource planning (ERP) system implementation. The risk is around the financial accounting and producing financial statements and the ability for ESCC to provide information through i-Connect as a new payroll software provider.

3)   Risk G1 – Key Person Risk has increased in likelihood due to recent team departures and the difficulty recruiting the newly created Deputy of Pensions following a review of the departmental team structure. This role is being actively recruited for, there is an interim officer in place and applications for the permanent role are being received.

4)   Following a query by the Committee, Officers advised they will liaise with the Information Security team to check that third party suppliers have immutable backups so that any malware cannot spread and that all supplier agreements are reviewed as appropriate.

29.2     The Committee RESOLVED to note the Pension Fund Risk Register.