Issue - meetings

The report before Members was presented as part of the statutory duty to prepare and publish a report for consideration, outlining the extent of compliance against the best practice principles published by the Department of Communities and Local Government (DCLG).

The report set out the pension fund’s draft Governance Compliance Statement for November, 2017 and indicated where changes may be required.

Members considered the statement and following discussion noted the appropriate changes.

·       The membership of the meeting changed following the AGM of Council, (Paragraph 2.1 of the Statement depicted in the table).

·       A new update was given at Paragraph 5.2 of the Statement regarding the development of a Joint Training Strategy which had been developed and adopted by the Pensions Committee and the Board.  There was no requirement to consult on this issue because the changes were very minor.

·       Members noted that the London Borough of Havering were compliant save in section B (iii) of the table regarding independent professional observers.  Following discussion, Members agreed that this would not change. The Pension Fund is very small in comparison to other Local Authorities and therefore it was agreed that no change would be made at this stage.

As detailed above, The Pensions Committee:

Considered and agreed the changes within the Governance Compliance Statement.