Issue - meetings

10.1     The Board considered the latest version of the Pension Fund Risk Register.

10.2     The Chair observed that the risk of ACCESS Chairs not agreeing on key decisions around asset pools, governance, etc., was always going to be a risk as the Chairs will not always agree with each other. The point is that the mitigations in the risk register are robust enough to ensure that the ESPF does not lose out should there be a considerable disagreement amongst ACCESS members. He added that effective decision making by the Chairs should involve them challenging the proposed decisions they are asked to make, which will inevitably lead to disagreement.

10.3     Councillor Kevin Allen (KA) observed that ACCESS was appearing more regularly in agenda reports but not in its own right. He said that it was important that the Board developed a strong understanding of the issues involved, especially given that ACCESS is due to be in place by 1 April 2018.

10.4     The Board RESOLVED to:

1) note the report;

2) request that the September training day include a session on ACCESS; and

3) request a standing item on the Pension Board agenda about the progress of the ACCESS pool and any emerging risks.

32.1     The Committee considered a report by the Chief Operating Officer containing the Pension Fund Risk Register.

32.2     The Committee RESOLVED to approve the Pension Fund Risk Register.