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Clwyd Pension Fund Committee - Wednesday, 28th February, 2024 9.30 am

February 28, 2024 View on council website Watch video of meeting Read transcript (Professional subscription required)

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Summary

The council meeting focused on pension fund matters, addressing updates on governance, administration, and communication strategies. Key decisions were made regarding the Equality, Diversity, and Inclusion (EDI) policy, amendments to the Pensions Administration Strategy, and updates on the McCloud judgment and pension dashboard readiness.

  1. EDI Policy Approval: The committee approved a new EDI policy aimed at enhancing diversity and inclusion within the pension fund's governance and operations. The policy was developed in response to regulatory guidance and aims to improve decision-making and member engagement. The approval signifies a commitment to a more inclusive approach, aligning with broader organizational values.

  2. Amendments to Pensions Administration Strategy: Amendments were made to address employer compliance with data provision requirements. The revised strategy includes an escalation policy for non-compliant employers, potentially leading to fines. This decision underscores the fund's commitment to maintaining high data quality standards and the importance of timely and accurate employer contributions to pension administration efficiency.

  3. McCloud Judgment and Pension Dashboard Updates: The meeting addressed ongoing efforts to comply with the McCloud judgment, noting significant progress but also the challenges it poses to regular operations. Additionally, readiness for the upcoming national pension dashboard was discussed, highlighting the need for an integrated service provider to facilitate data integration.

Surprisingly, the meeting revealed the pension team receives over 24,000 phone calls annually, highlighting the high level of member engagement and possibly indicating areas for improved communication to reduce call volumes. This insight could drive future enhancements in member communication strategies.

Attendees

Profile image for CllrJason Shallcross
Cllr Jason Shallcross  Leader of the Independent Group •  Independent •  Saltney Ferry
Profile image for CyngDave Hughes
Cyng Dave Hughes  Leader of the Council / Leader of the Labour Group •  Labour •  Llanfynydd
Profile image for CyngTed Palmer
Cyng Ted Palmer  Cabinet Member for Highways, Assets and Public Protection •  Labour •  Holywell Central
Profile image for CllrSam Swash
Cllr Sam Swash  Leader of the Flintshire People's Voice Group / Chair of Social and Health Care Overview and Scrutiny Committee •  Flintshire People's Voice •  Hawarden: Mancot
Profile image for CllrAntony Wren
Cllr Antony Wren  Vice-Chair of Clwyd Pension Fund Committee •  Independent •  Connah's Quay South

Topics

No topics have been identified for this meeting yet.

Meeting Documents

Agenda

Agenda frontsheet 28th-Feb-2024 09.30 Clwyd Pension Fund Committee

Reports Pack

Public reports pack 28th-Feb-2024 09.30 Clwyd Pension Fund Committee

Additional Documents

Printed minutes 28th-Feb-2024 09.30 Clwyd Pension Fund Committee
Pension AdministrationCommunications Update
CPF Draft Committee Minutes 29 November 2023_
Governance Update and Consultations
Enc. 2 for Governance Update and Consultations
Enc. 3 for Governance Update and Consultations
Enc. 4 for Governance Update and Consultations
Enc. 5 for Governance Update and Consultations
Enc. 2 for Pension AdministrationCommunications Update
Enc. 3 for Pension AdministrationCommunications Update
Enc. 1 for Pension AdministrationCommunications Update
Enc. 4 for Pension AdministrationCommunications Update
Enc. 1 for Governance Update and Consultations
Decisions 28th-Feb-2024 09.30 Clwyd Pension Fund Committee
Enc. 5 for Pension AdministrationCommunications Update