Issue - meetings

The 2001 Myners Report (later confirmed by the CIPFA/Myners Principles) recommended that local authority pension funds approve an annual business plan in respect of the objectives required for the ensuing year. Business planning is regarded as an important tool, assisting in the identification of how service delivery can be maximised within resource constraints. This report sets out the outturn of the annual business plan for 2014/15.

Declarations of interest:

None.

Key points raised during the discussion:

1.    The Strategic Finance Manager (Pension Fund and Treasury) introduced the report and raised the issue of member training.  The Chairman stated that a questionnaire will be sent to all members of the Board and the results would be brought to the September meeting (Action Review ref: A8/15).

Actions/Further information to be provided:

Officers to send questionnaire to all members of the Board.

Resolved:

That the achievements and progress made with regard to the Business Plan objectives in respect of the 2014/15 financial year be NOTED.

Next steps:

·         Progress reports will be discussed at future Board meetings if necessary.

·         Outturn report of the 2015/16 financial year to be presented at the first meeting of the Surrey Pension Fund Board in 2016/17.