Decision details

(Exempt information as defined in Paragraph 3 of Part 1 of Schedule 12A to the Local Government Act, 1972. It was considered that in all the circumstances of the case the public interest in maintaining the exemption outweighed the public interest in disclosing the information).

The Committee considered a report setting out progress on the Local Pensions Partnership, which had gone live on 8 April 2016. The report made specific reference to the following:

-  Financial Conduct Authority (FCA) approval;

-  Asset transition;

-  Wider pooling;

-  Treasury management

It was noted that, with regards to wider pooling, the deadline for submission of a detailed submission to the Department for Communities and Local Government (DCLG) was 15 July and that discussions with other potential partners continued.

Resolved: - That:

(i)  The report, now presented, be noted;

(ii)  The submission to the DCLG due by 15 July 2016 be circulated to members of the Committee at the earliest opportunity;

(iii)  A briefing session on the implications of the pooling process be held in due course.