The Local Pension Board of Wiltshire Council met on Thursday 4 June 2026 to review the performance and governance of the Wiltshire Pension Fund. Key discussions were scheduled to include the fund's financial health, investment strategy, and regulatory compliance.

Headlines & Monitoring (HAM) Report

A comprehensive report was scheduled to be presented to the Board for their ongoing oversight of the Wiltshire Pension Fund. This report was intended to cover several critical areas, including an update on scheme, regulatory, and legal matters affecting the fund. Governance updates, including adherence to the General Code of Practice (GCOP), were also on the agenda. The Board was expected to review the Health Check Dashboard up to 31 March 2026, which provides a snapshot of the fund's performance against its business plan objectives. The Risk Register, also as at 31 March 2026, was to be examined to identify and assess potential risks. Performance against Administration Key Performance Indicators (KPIs) from February to April 2026 was scheduled for review, along with an update on progress against the milestones in the KPI Improvement Plan. Finally, an update on the progress of the audit concerning Key Financial Controls for 2026/27 was to be provided.

Key Financial Controls

The Board was scheduled to receive an update from the Investment and Accounting Team Lead concerning the operational accounting arrangements for the Wiltshire Pension Fund. This included a review of Service Level Agreements (SLAs) and the monitoring of the quarterly budget.

Terms of Reference for the Local Pension Board

The Governance Support Lead was scheduled to present the updated draft Terms of Reference for the Local Pension Board. The Board was expected to review these to ensure they remained appropriate and reflected current regulatory requirements and best practice.

Low Volume Performance Report

Officers were scheduled to present the annual low volume performance report. This report was to cover performance information relating to breaches, complaints, and other similar metrics, providing the Board with an overview of these specific operational areas.

Local Pension Board Annual Report

The Head of the Wiltshire Pension Fund was scheduled to present a draft of the Local Pension Board's annual report for 2025/26. The Board was expected to review this report for accuracy and approve it for publication.

Fit for the Future

A verbal update was to be provided by the Head of the Wiltshire Pension Fund regarding regulatory changes. These changes are being implemented in response to the Ministry of Housing, Communities and Local Government's (MHCLG) 'Fit for the Future' technical consultation.

Review Triennial Valuation Process and Results

The Head of the Wiltshire Pension Fund was scheduled to provide an update on the outcome of the 2025 Triennial Valuation. This valuation assesses the financial position of the fund and is crucial for setting employer contribution rates.

Administering Authority Discretion Policy

The Pensions Administration Lead was scheduled to present the Fund's new Administering Authority Discretions Policy for review. This policy outlines how the Wiltshire Pension Fund exercises its discretions within the Local Government Pension Scheme (LGPS) Regulations.

Minutes and Key Decisions of the Wiltshire Pension Fund Committee

The Board was scheduled to consider the Part 1 (public) minutes of the Wiltshire Pension Fund Committee meetings held on 26 February 2026 and 26 March 2026. This would allow the Board to note the decisions made by the Committee.

Date of Next Meeting and Forward Work Plan

The Board was scheduled to review its Scheme Year Forward Work Plan. This plan outlines the key topics and activities planned for future meetings, ensuring the Board's ongoing work is strategically aligned. The date of the next meeting was also to be confirmed.