Mr Smith, Technical Adviser Pensions for the LCPF, presented a report which updated the Board on the following pension regulatory matters.
· Scheme Advisory Board cost management consultation.
· Employee Contribution Bands 2019/20.
· Fair Deal – Strengthening pension protection consultation.
· Consultation on implementation of late retirement factors.
· Exit credits
· Exit payment reforms consultation.
Resolved: That the regulatory updates set out in the report and given at the meeting are noted.