The Local Pension Board of Wiltshire Council met on Thursday 4 June 2026 to review a range of reports concerning the governance, financial health, and operational performance of the Wiltshire Pension Fund. Key discussions were scheduled to include updates on scheme regulations, the fund's risk register, administration key performance indicators, and the outcomes of the triennial valuation.

Headlines and Monitoring Report

A comprehensive report was scheduled for discussion, providing an overview of the Wiltshire Pension Fund's performance and developments. This included updates on scheme, regulatory, and legal matters, as well as governance updates, specifically concerning the General Code of Practice (GCOP) and the 'Fit for the Future' consultation from the Ministry of Housing, Communities and Local Government (MHCLG). The report was also set to detail the Health Check Dashboard up to 31 March 2026, the Risk Register as of the same date, and Administration KPIs for February to April 2026. Progress against the KPI Improvement Plan and an update on the audit of Key Financial Controls for 2026/27 were also on the agenda.

Key Financial Controls

An update from the Investment and Accounting Team Lead was scheduled to cover the operational accounting arrangements for the Wiltshire Pension Fund, including Service Level Agreements and the monitoring of the quarterly budget.

Terms of Reference for the Local Pension Board

The Governance Support Lead was due to present the updated draft Terms of Reference for the Local Pension Board for review.

Low Volume Performance Report

Officers were scheduled to present the annual low volume performance report, which covers performance information on breaches, complaints, and other related matters.

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 for approval.

Fit for the Future

A verbal update was anticipated from the Head of the Wiltshire Pension Fund regarding regulatory changes stemming from the MHCLG's '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 outcomes of the 2025 Triennial Valuation. This valuation assesses the financial position of the fund and its employers every three years.

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 the fund's approach to exercising discretions afforded to it 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 public minutes of the Wiltshire Pension Fund Committee meetings held on 26 February 2026 and 26 March 2026.

Date of Next Meeting and Forward Work Plan

The Board was scheduled to review its Scheme Year Forward Work Plan, with the date of the next meeting confirmed as 10 September 2026.

The agenda also included items for Part II of the meeting, which would be considered with the public excluded due to the likely disclosure of exempt information. These included confidential minutes of the Wiltshire Pension Fund Committee and the Local Pension Board, as well as a verbal update on pooling governance arrangements.