Agenda item

6.1           The Committee considered an update report on the Governance of the East Sussex Pension Fund, introduced by Michael Burton who drew the Committee’s attention to the following:

1)    The LGA McCloud guidance was issued this week and will be reviewed by officers.

2)    The Economic Activity of Public Bodies (Overseas Matters) Bill was not concluded in the Parliamentary  wash up pre-election  and would need to be restarted by the new government if this is to be taken forward. This will be kept under review and if it is progressed then training will be organised accordingly.

3)    The Fund received a letter from the Minister for Local Government dated 15 May 2024 requesting submission. The Fund should be providing a response to the Civil Service and the Minister for Pensions will review once appointed.

4) Tim Oliver has left his role at Brighton University and  has stepped down from the Pension Board. A report will be taken to the Governance Committee meeting of 25 June 2024 with a recommendation for a new member.

6.2         The Committee RESOLVED to:

1)          Approve the revised Training Policy (Appendix 2)

2)          Approve the Governance and Compliance Statement (Appendix 5)

3)          Approve the amended Exit Credit Policy (Appendix 6)