Decision details

The Board considered the report from the Chair which summarised the main points which had come out of appraisal meetings held with the majority of members of the Board. It was noted that the report included one typographical error where reference to the LPFA should read LCC.

Resolved: That the recommendations of the Board, as set out below, be referred to the Head of Fund for attention.

1.  Training

That an attempt be made to customise future training to the particular needs of Board members and that in particular presenters be asked to be thoughtful about the hard copy material used.

2.  Future operation of the Board

a)  That the Terms of Reference of the Board be reviewed and consideration given to the relevance of reports to be presented in the future.

b)  That more use be made of Working Parties to examine certain issues in detail and report back to the Board.

c)  That a Work Schedule for the Board up to January 2018 be created.

d)  That the Board formulate its concerns as comments when considering a report or a policy document before approval by the Pension Fund Committee, or alternatively as recommendations, which will require a response from the County Council under CIPFA guidelines, when considering a report or policy document after approval.

3.  2017 Agenda

a)  That a comprehensive governance structure covering LPP be
implemented as a matter of priority, including the processes which the Pension Fund Committee and County Council are using to monitor and oversee LPP’s activities.

b)  That time be allocated with the 2017 Work Plan to look at:

·  How the Fund can provide better support for employers and members

·  The planned restructuring of the Administration function, and how members of the Board can use their perspectives to feed into that.