Issue - meetings

SHARED SERVICE PARTNERSHIP WITH LINCOLNSHIRE PENSION FUND - UPDATE

Meeting: 26/07/2018 - West Yorkshire Pension Fund Joint Advisory Group (Item 7)

7 SHARED SERVICE PARTNERSHIP WITH LINCOLNSHIRE PENSION FUND - UPDATE pdf icon PDF 188 KB

The report of the Director, West Yorkshire Pension Fund, (Document “B”) provides an update on the West Yorkshire Pension Fund’s (WYPF) shared service partnership to provide a pensions administration service for Lincolnshire Pension Fund (LPF) which commenced on 1 April 2015.

 

Recommended –

 

That the report be noted.

 

(Yunus Gajra – 01274 432343)

Additional documents:

Decision:

Resolved –

 

That the report be noted.

 

ACTION: Director, West Yorkshire Pension Fund

(Yunus Gajra – 01274 432343)

 

Minutes:

The report of the Director, West Yorkshire Pension Fund, (Document “B”) provided an update on the West Yorkshire Pension Fund’s (WYPF) shared service partnership to provide a pensions administration service for Lincolnshire Pension Fund (LPF) which commenced on 1 April 2015.

 

Members were assured that performance and benchmarking were key areas of work for the Fund.  Document “B” revealed performance against key areas of work for the period 1 April 2018 to 30 June 2018 and reported that a number of targets had been exceeded. 

 

It was mentioned that WYPF would be providing a similar shared service for the London Borough of Hounslow from 1 August 2018.  A member referred to teething problems encountered with the quality of data received at the implementation of the shared service partnership with Lincolnshire Pension Fund and questioned whether any were anticipated with London Borough of Hounslow.  In response it was acknowledged that all new clients presented their own issues.  New partnerships were often sought because of problems with service providers.  Data issues were anticipated and plans had been put in place. 

 

It was questioned if contingencies were in place for potential problems arising from the transfer of Multi Academy Trusts.  Assurances were provided that all Pension Funds had guarantees from the Department of Education and benefits would not be affected.  

 

A member questioned why a similar report wasn’t provided for WYPF and it was agreed that this would be provided going forward.

 

Resolved –

 

That the report be noted.

 

ACTION: Director, West Yorkshire Pension Fund