Agenda

Pension Board - Thursday, 25th July, 2024 2.00 pm

Contact: Democratic Services  Email: Democratic.Services@croydon.gov.uk

Items
No. Item

1.

Apologies for Absence

To receive any apologies for absence from any members of the Board.

 

2.

Minutes of the Previous Meeting pdf icon PDF 101 KB

To approve the minutes of the meeting held on Thursday 11 April 2024 as an accurate record.

 

3.

Disclosure of Interests

Disclosure of Interests Members and co-opted Members of the Council are reminded that, in accordance with the Members’ Code of Conduct and the statutory provisions of the Localism Act 2011, they are required to consider in advance of each meeting whether they have a disclosable pecuniary interest (DPI), some other registrable interest (ORI) or a non-registrable interest (NRI) in relation to any matter on the agenda. If advice is needed, Members should contact the Monitoring Officer in good time before the meeting. If any Member or co-opted Member of the Council identifies a DPI or ORI which they have not already registered on the Council’s register of interests or which requires updating, they must urgently complete the disclosure form which can be obtained from Democratic Services at any time, copies of which will be available at the meeting for return to the Monitoring Officer. Members and co-opted Members are required in general to disclose any relevant DPIs, ORIs or NRIs at the meeting. - Where the matter relates to a DPI they may not participate in any discussion or vote on the matter and must not stay in the room unless granted a dispensation. - Where the matter directly relates to the financial interest or wellbeing of an ORI they may not vote on the matter unless granted a dispensation. - Where a Member or co-opted Member has an NRI which directly relates to or affects their or a relevant person’s financial interest or wellbeing, whether they can participate in any discussion or vote on the matter or stay in the room depends on the detailed rules in paragraphs 7 to 9 of Appendix B of the Members’ Code of Conduct. The Chair will invite Members to make their disclosure of interests orally at the meeting and they will also be recorded in the minutes.

4.

Urgent Business (if any)

To receive notice of any business not on the agenda which in the opinion of the Chair, by reason of special circumstances, be considered as a matter of urgency.

 

5.

Croydon Pensions Administration Team Key Performance Indicators for the Period March 2024 to May 2024 pdf icon PDF 103 KB

The report sets out the Key Performance Indictors, measured against the legal requirements and the Fund’s own targets for the administration of the Local Government Pension Scheme for the three-month period up to the end of May 2024.

 

Additional documents:

6.

Pension Board Annual Report 2023/24 pdf icon PDF 76 KB

This report presents the Pension Board Annual Report for 2023/24 as Appendix A, which sets out the work of the Pension Board and their observations of the performance of the Fund over the past year and their plans for the future.

 

Additional documents:

7.

Governance Best Practice Compliance Statement pdf icon PDF 79 KB

This report asks the Board to review and comment on the draft Governance Best Practice Compliance Statement attached as Appendix A, before it is presented to the Pension Committee for agreement.

 

Additional documents:

8.

The Collective Investment Vehicle for London Local Authorities Pension Funds: Compliance with Pooling Requirements, Review of Savings and Governance Structure pdf icon PDF 125 KB

This report advises the Board of the extent to which the Fund is complying with the pooling requirements of Guidance issued by the, then, Department for Communities & Local Government (DCLG) in 2015, subsequent statements from Government, the savings made through pooling in 2023/24 and the governance structure of the London Collective Investment Vehicle (London CIV).

 

Additional documents:

9.

The Local Government Pension Scheme Advisory Board - England and Wales Annual Report 2023 pdf icon PDF 154 KB

10.

Review of Breaches of the Law pdf icon PDF 97 KB

This report presents the current Breaches of the Law log (in Appendix A) for the Pension Fund and highlights any changes made since the last review carried out at the Pension Board meeting held on 11 April 2024.

 

Additional documents:

11.

Review of Risk Register pdf icon PDF 84 KB

This report presents the current Risk Register (in Appendix A) for the Pension Fund and highlights any changes made since the last review carried out at the Pension Board meeting held on 11 April 2024.

 

Additional documents:

12.

Pension Board Training Update pdf icon PDF 115 KB

This report details a list of training opportunities offered to or provided for Board members and highlights upcoming future events and sessions.

 

13.

Documents Published on the Fund Website pdf icon PDF 132 KB

This report presents the current list of documents published on the Fund website as at 30 April 2024 included in the attached Schedule A in accordance with Aon’s recommendation in their governance reviews.

 

14.

Local Government Pension Scheme Advisory Board / The Pensions Regulator Update pdf icon PDF 239 KB

This report advises the Board of the matters currently being considered by the Local Government Pension Scheme Advisory Board and The Pensions Regulator which are relevant to the Fund. Any implications for the Fund have been noted and are being addressed in consultation with Fund advisers.

 

15.

Exclusion of the Press and Public

The following motion is to be moved and seconded where it is proposed to exclude the press and public from the remainder of a meeting:

 

“That, under Section 100A(4) of the Local Government Act, 1972, the press and public be excluded from the meeting for the following items of business on the grounds that it involves the likely disclosure of exempt information falling within those paragraphs indicated in Part 1 of Schedule 12A of the Local Government Act 1972, as amended.”

 

Part B