The Pensions and Investments Committee of Derbyshire County Council was scheduled to discuss the Derbyshire Pension Fund Complaints Policy, the Fund's Risk Register, and the ongoing process of Local Government Pension Scheme investment pooling. The meeting also included a review of the minutes from the previous meeting.

Derbyshire Pension Fund Complaints Policy

The committee was scheduled to consider an updated Derbyshire Pension Fund Complaints Policy. This policy aims to ensure that all complaints are handled promptly, respectfully, and consistently. The proposed updates incorporate provisions for members to submit complaints related to the Fund's response to requests for information submitted to the Pensions Dashboards Programme (PDP). The PDP is a government initiative designed to create a secure online system for individuals to view all their pension information in one place. The report recommended that the committee approve the draft updated policy.

Risk Register

A review of the Derbyshire Pension Fund's Risk Register was scheduled. This register identifies key risks to the achievement of the Fund's objectives, assesses their potential impact and probability, and outlines mitigation controls. The report highlighted four high-risk items: systems failure/lack of disaster recovery plan/cybercrime attack; LGPS Central Limited related underperformance of investment returns; insufficient cyber-liability insurance relating to the pensions administration system; and the impact of the McCloud judgement on administration. The committee was asked to note the risk items identified in the register.

Local Government Pension Scheme Investment Pooling

The committee was scheduled to receive an update on the Local Government Pension Scheme (LGPS) investment pooling. This included a review of the Pension Fund's response to a Ministry for Housing, Communities and Local Government (MHCLG) technical consultation on draft regulations implementing the Fit for the Future proposals. These proposals aim to strengthen LGPS governance and pooling arrangements. The report recommended that the committee note the update on investment pooling, note the Pension Fund's response to the consultation, approve draft updated terms of reference for the committee, and authorise the Director of Legal and Democratic Services to enter into necessary legal agreements related to the Pension Fund's participation in the LGPS Central Pool. The report also detailed the Fund's current investments within LGPS Central Limited vehicles and other collaborative arrangements, indicating that 71% of total Fund assets were invested in these pooled arrangements.

The committee was also scheduled to confirm the non-exempt minutes of the previous meeting held on 3 December 2025.