The Director, West Yorkshire Pension Fund will present Document “T” which reports on current administration issues and performance for West Yorkshire Pension Fund’s shared service partnerships.

Recommended –

That the report be noted.

(Yunus Gajra – 01274 432343)

Resolved –

That the report be noted.

ACTION:       Director, West Yorkshire Pension Fund

The Director, West Yorkshire Pension Fund presented Document “T” which reported on current administration issues and performance for West Yorkshire Pension Fund’s shared service partnerships.

The background to the report explained that WYPF provided shared service pensions administration to:

·         Lincolnshire Pension Fund

·         London Borough of Hounslow Pension Fund

·         Sixteen Fire Authorities

An update on each of the three services was appended to the report and concluded that WYPF provided an efficient and cost effective shared service to both the Local Government and Fire Scheme partners.  In particular, WYPF was recognised for the high standards of service not only to the members of the schemes but also to the administrators who valued the expert knowledge and guidance provided to them.  WYPF was regularly approached for discussion and engagement on possible additional business. 

In response to questions about differing levels of scheme specific data outlined in the report it was explained that the other partners’ data  had previously been managed by third party administrators and was not complete for every member.  Elements of that data was in paper form and not structured.  Improvements on those data scores would, therefore, be over the longer term as WYPF reviewed each record.  The timeliness of the receipt of data was no longer an issue and was the reason this was not referred to in the report.

Resolved –

That the report be noted.

ACTION:       Director, West Yorkshire Pension Fund