Issue - meetings

The report before members reviewed the performance of the Actuary, Hymans Robertson for the period between 1^st October, 2016 to 30^th September, 2017 and recommended that the Committee note the views of officers on this performance.

Hymans have been the Fund’s actuary since April, 2010 and the current contract will expire on 31^st March, 2018 which will necessitate the procurement of future Actuarial, Benefits and Governance provision.

During the relevant time period the Actuary has undertaken many activities including:

·         the 2016 formal valuation,

·         advice, assistance and support to employers, including the final cessation valuations for Family Mosaic and contribution rate assessments for academies;

·         Training for both officers and the Pension Board.

·         Accounting and;

·         General tasks including the production of the TUPE Manual and Admission Policy.

Officers concluded that services supplied were delivered in a timely matter and were good/excellent quality and were very satisfied with the services provided by Hymans Robertson.

The Pensions Committee:

NOTED the views of officers on the performance of the Actuary from 1^st October, 2016 to 30^th September, 2017.