Agenda and decisions

West Yorkshire Pension Fund Pension Board
Tuesday, 13th August, 2019 10.00 am

Venue: Aldermanbury House, Godwin Street, Bradford

Contact: Jane Lythgow 

Items
No. Item

1.

DISCLOSURES OF INTEREST

(Members Code of Conduct - Part 4A of the Constitution)

 

To receive disclosures of interests from members and co-opted members on matters to be considered at the meeting. The disclosure must include the nature of the interest.

 

An interest must also be disclosed in the meeting when it becomes apparent to the member during the meeting.

 

Notes:

 

(1)       Members may remain in the meeting and take part fully in discussion and voting unless the interest is a disclosable pecuniary interest or an interest which the Member feels would call into question their compliance with the wider principles set out in the Code of Conduct.  Disclosable pecuniary interests relate to the Member concerned or their spouse/partner.

 

(2)       Members in arrears of Council Tax by more than two months must not vote in decisions on, or which might affect, budget calculations, and must disclose at the meeting that this restriction applies to them.  A failure to comply with these requirements is a criminal offence under section 106 of the Local Government Finance Act 1992. 

 

(3)       Members are also welcome to disclose interests which are not disclosable pecuniary interests but which they consider should be made in the interest of clarity.

 

(4)       Officers must disclose interests in accordance with Council Standing Order 44.

 

2.

MINUTES

Recommended –

 

That the minutes of the meeting held on 26 March 2019 be signed as a correct record (previously circulated).

 

(Jane Lythgow – 01274 432270)

3.

INSPECTION OF REPORTS AND BACKGROUND PAPERS

(Access to Information Procedure Rules – Part 3B of the Constitution)

 

Reports and background papers for agenda items may be inspected by contacting the person shown after each agenda item.  Certain reports and background papers may be restricted. 

 

Any request to remove the restriction on a report or background paper should be made to the relevant Strategic Director or Assistant Director whose name is shown on the front page of the report. 

 

If that request is refused, there is a right of appeal to this meeting. 

 

Please contact the officer shown below in advance of the meeting if you wish to appeal. 

 

(Jane Lythgow - 01274 432270)

 

4.

WYPF DATA IMPROVEMENT PLAN pdf icon PDF 72 KB

The report of the Director, West Yorkshire Pension Fund (WYPF),

Document “A”,  informs members that The Pension Regulator’s (TPR) Code of Practice 14 and The Public Service Pensions (Record Keeping & Miscellaneous Amendments) Regulations 2014 sets out the requirements for public sector pension funds to maintain comprehensive and accurate data on their members and their members’ pension contributions.

 

Recommended –

 

That the report be noted.

 

(Caroline Blackburn – 01274 434523)

Additional documents:

Decision:

Resolved –

 

That the report be noted.

 

ACTION: Director, West Yorkshire Pension Fund

 

5.

LOCAL GOVERNMENT PENSION SCHEME REGULATIONS UPDATE pdf icon PDF 124 KB

The report of the Director, West Yorkshire Pension Fund (Document “B”) provides an update on changes to the Local Government Pension Scheme (LGPS) 2014 and provides information on associated matters.

 

Recommended –

 

That the report be noted.

 

(Tracy Weaver – 01274 433571)

 

Decision:

Resolved –

 

That the report be noted.

 

ACTION: Director, West Yorkshire Pension Fund

 

6.

REGISTER OF BREACHES OF LAW pdf icon PDF 70 KB

The Director, West Yorkshire Pension Fund, will present a report

(Document “C”) which informs Members that, in accordance with the Public Service Pensions Act 2013, from April 2015, all Public Service Pension Schemes come under the remit of the Pensions Regulator.

 

Section 70 of the Pensions Act 2004 (the Act) imposes a requirement to report a matter to the Pensions Regulator as soon as it is reasonably practicable where that person has reason cause to believe that:

 

(a)  A legal duty relating to the administration of the scheme has not been or is not being complied with, and

(b)  The failure to comply is likely to be of material significance to the Pensions Regulator in the exercise of any of its functions.

 

A register of Breaches of Law is, therefore, maintained in accordance with the Pension’s Regulators requirements and WYPF Breaches procedures.  

 

Recommended –

 

That the entries on the Register of Breaches of Law be noted. 

 

(Caroline Blackburn – 01274 434523)

 

Additional documents:

Decision:

Resolved –

 

That the entries on the Register of Breaches of Law be noted. 

 

ACTION: Director, West Yorkshire Pension Fund

 

7.

TRAINING, CONFERENCES, SEMINARS pdf icon PDF 67 KB

Members are reminded that training to understand their responsibilities and the issues they are dealing with is a very high priority.  The report of the Director, West Yorkshire Pension  Fund, (Document “D”) contains details of training courses, conferences and seminars which may assist Pension Board Members.

 

Members are requested to give consideration to attendance at the events contained in Section 1 of Document “D” and note the requirement to complete the Pension Regulator’s toolkit.

 

(Caroline Blackburn – 01274 434523)

Additional documents:

Decision:

No resolution was passed on this item.

8.

MINUTES OF THE WEST YORKSHIRE PENSION FUND INVESTMENT ADVISORY PANEL 25 APRIL 2019 pdf icon PDF 62 KB

The report of the Director, West Yorkshire Pension Fund, Document “E” (which contains Not for Publication Appendix A) reminds Members that the role of The Pension Board, as defined by sections 5(1) and (2) of the Public Service Pensions Act 2013 is to assist the Council as Scheme Manager in ensuring the effective and efficient governance and administration of the Local Government Pension Scheme (LGPS) including securing compliance with the LGPS regulations and any other legislation relating to the governance and administration of the LGPS; securing compliance with the requirements imposed in relation to the LGPS by the Pensions Regulator; and any other such matters as the LGPS regulations may specify. 

 

The Minutes of meeting of WYPF Investment Group are submitted to the Pension Board to enable the Board to ensure effective and efficient governance and administration of the LGPS.

 

Members are requested to review the Not for Publication minutes of the West Yorkshire Pension Fund Investment Advisory Group 25 April 2019 appended to Document “E”

 

(Rodney Barton – 01274 432317)

 

Decision:

Resolved –

 

That the Not for Publication minutes of the West Yorkshire Pension Fund Investment Advisory Group 25 April 2019 appended to Document “E” be noted.

 

ACTION: Director, West Yorkshire Pension Fund