Issue - meetings

30.1     The Board considered a report by the Chief Internal Auditor introduced by Danny Simpson, Principal Auditor.

30.2     The following points were highlighted to the Board:

1)    A substantial assurance opinion was provided for governance arrangements with just one low risk finding.

2)    This opinion reflects the ongoing strengthening of governance arrangements over the previous 5 years.

30.3     The Board requested that the target implementation date of the action relating to risk appetite is amended to be sooner than 31 August 2026 considering pension reforms and the need to ensure a strong governance framework.

30.4     The Board RESOLVED to note the Pension Fund Governance Arrangements audit report as set out at Appendix 1 of the report.