The Report of the Director, WYPF (Document “N”) will be submitted to the Joint Advisory Group and provides Members with an update on West Yorkshire Pension Fund’s (WYPF) pensions administration activities for the period 1 July 2022 to 31 December 2022.

Recommended –

That the report be noted.

(Yunus Gajra – 01274 432343)

The Report of the Director, WYPF (Document “N”) provided an update on West Yorkshire Pension Fund’s (WYPF) pensions administration activities for the period 1 July 2022 to 31 December 2022.

The report detailed performance and benchmarking; total work in progress divided into categories; scheme information; praise and complaints, details of the internal dispute resolution procedures; an administration update; staffing figures and member portal details. 

Members were advised that the fund had won the Good Governance Award at the LAPF Investment Awards in December 2022 and had been shortlisted by Pensions Age under the categories of DB Pension Scheme of the Year, Pension Scheme Communication Award and Pensions Administration Award.

Following a detailed presentation and whilst congratulating officers on a fantastic performance, a Member questioned if succession plans were in place to ensure that the progress reported could continue. 

In response it was acknowledged that the fund had a mature workforce with a number of senior managers being in that age bracket. Assurances were provided that a number of key posts had been filled; succession plans were in place and training was provided to ensure that knowledge was gained and the necessary expertise passed on.

Resolved –

That the report be noted.

Action: Managing Director, West Yorkshire Pension Fund