A report was presented regarding the proposed Work Plan for 2017/18.
In considering the report the Board suggested that specific reference should be made under 'Governance' to internal/external audit reports. It was also agreed that the references to the biannual review of the scheme risk register and the annual review of LPP should be expanded to provide more detail of areas to be covered.
It was also agreed that the scrutiny of annual documents and processes, including communications to employers and members, formal reports and internal/external reports would be the basis of regular reports to the Board.
It was noted that a similar Work Plan would be developed for the Pension Fund Committee.
Resolved:
1. That, subject to the amendments regarding internal/external audit and the scrutiny of documents/process as specified above, the Work Plan for 2017/18 is approved.
2. That work continue to develop the Work Plan for 2017/18, particularly in the light of any recommendations which arise from the PWC review of governance arrangements for the Fund.