Issue - meetings

The Board is asked to note its action tracker.

Witnesses: Neil Mason, Senior Advisor (Pension Fund)

Key points raised during the discussion:

1.    The Board reviewed the action tracker and discussed the use of named substitutes. It was felt by the Board that the arrangements for named substitutes would disadvantage retired or deferred member representatives. The Board agreed that meetings should be scheduled to ensure substitutes were not required.

2.    The Chairman informed the Board that the use of independent members would be reviewed in 2016, once the Board had completed its training and knowledge requirements.

3.    Officers informed the Board that the Scheme Advisory Board had re-issued a national Key Performance Indicator (KPI) proforma, and that the scheme would be submitting a response to this. This proforma will be available to the Board for their next meeting. The Board was informed that the Scheme Advisory Board had proposed that the Department for Communities  and Local Government changed regulations to make reporting these KPIs a statutory requirement.

Actions/Further Information to note:

·         That the updated terms of reference of the Surrey Local Pension Board be circulated.