Decision Maker: West Yorkshire Pension Fund Joint Advisory Group

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: January 30, 2025

Purpose:

Content:   Resolved –     That the latest administration expenditure forecast of £6.86m against a budget of £7.82m for 2024/25, net underspend of £0.96m be noted.   That the proposed administration budget of £8.28m for 2025/26 be approved.   That the WYPF total cost per member of £44.67 is the lowest within LGPS (2nd £69.55) and the projected total cost per member for 2025/26 of £60.19 will maintain our cost performance going forward be noted.   That, at the time of writing this report Bradford accounts for 2023/24 is delayed therefore, that the WYPF Report and Accounts is also delayed, be noted.   That the additional cost incurred in relation to setting up the FCA pool entity and the monitoring of this by the Managing Director of the Fund be noted.   To be actioned by: the Managing Director, WYPF