Transcript

The Local Firefighters Pension Board meeting today on the 8th of May. I recognise this meeting was changed from the original date, so thank you everybody. It was a bit short of notice, wasn't it? So thank you. Webcast and right to recording, so in line with the openness of local government bodies regulation 2014. Anyone attending today's meeting, including members of the board, can film with the record or record or use social media, providing this does not disturb the business of the meeting. Please note that this meeting is being held in public and is being webcast live. A recording will be made available and in line with our guidance on the use of social media, I'm happy for anyone attending, including members of the committee, to use social media if it doesn't disturb the business of the meeting. In case of an emergency, in the event of a fire alarm sounding, everyone present is asked to leave by the nearest exit and assemble at the top car park, reporting to a member of the building management team and staff will be on hand to guide us to the nearest exits, but hopefully between us we should be okay, shouldn't we? I think. So housekeeping, housekeeping, please ensure your mobile phones are switched off or put on silent. When speaking, please can board members use the microphone in front of them. You've got the two silver buttons and please press the one that is nearest to you and please speak clearly and directly into your microphones. So we are calling, which is great. So I just ask under item number two, declarations of interest, do any members have an interest to declare? Great, thank you. Moving on to item three, just really wanted to take an opportunity at this meeting to do a vote of thanks to the chair of the pension board, the firefighters pension board up until the last meeting, Nick Harrison. He chaired the board, well, since the very first board meeting, which took place on the 16th, the local firefighters pension scheme. And, you know, a very personal thanks from me as well for all the support over that period of time. If you want to say anything. I'd just like to echo that. Thanks, Sally. It's been a pleasure to work with Nick. He's been a great support over the years and it's a shame to have lost him, but yeah, I wish him all the best and would definitely like to. Thank you. Thank you. Okay, so I'm going to move on to item number four and the minutes from the previous meeting. So it is for the board to agree the minutes as a true record. So I'll just see if anybody has that. Yeah, thank you. Yeah, that's fine. Sorry. Thank you, Sally. So Matthews will be covered off in terms of the figures as we move into the pensions update, but it was just to say that the communications piece has been carried out in terms of looking to those that hadn't responded back to us. And that's been followed through from the last meeting. So the key one that isn't in the report at the other key ones are around. I think McLeod has been, as we suggested before, the end of year data has gone through, so we'll be looking to SPS on that one. I'll touch upon it more in the report. Is there an update from SPS on that item? There may be, I was going to sort of go through it in my report, but if you want to look at it now, we can do that. If you're going to cover it, that's fine. So we've touched upon previously the unit four in terms of that, but one of the updates in this report particularly is that as part of the work around in relation to the deductions that are made for individuals. So we will be picking those up and we are looking at legal advice and the best approach to take those forward. So it's a bit of an update we have. And so it's moving on. We, again, we've covered off the communications. So in terms of the internal dispute resolution policy, when we was talking about basically in the scheme report, but that one has been completed as part of the Code of Compliance. One of the Code of Compliance actions was to look at the IDLP. The last action we need on that is just to go through the constitution this month and be finalised because it requires a change in that space. And also a few that we were looking to close, a few to look to those as well. So A625 around the WAG rating, that's been done so we can close that item. And that's been covered off. The A825, we can propose to close this one as well. That's been reviewed, but we will look to provide an update every time we meet on a different part of that Code of Compliance, just because of the size of it. Do you want to take us through the final ones then? Yeah, that's fine. So the final one is A325. We have, in respect of this particular one, we've got an update out to members on progress with the ABSs. We are still waiting on some of the data relating to that from XPS and we're going to send out another one shortly, but we're hoping to get the data to be able to put into that communication and put a bit more substance in for members. So, although that one is still going to be ongoing and we can provide updates, I propose to close it off the action list, if in agreement. Yep. And then the last, the next one on this page, sorry, so A425 is around the response to the Home Office consultation in 2025. That's been provided. And we've also provided the outputs to that on the SharePoint site. So, we'll obviously include any more updates on that as we move forward, but for now it's proposed to be. The A625 on the following page, we've covered that one off on the RAG ratings. That one's closed, if everyone's okay with that. A5, A25. Oh, sorry, I was looking at A625. A525 is the code of practice. Because that's the policy, isn't it? And that's got to go to the next council meeting. So, if we look to close it. We're not supposed to close that one off the stage. No, sorry. It was the following one, A625, which is around the RAG status on the, that we spoke about last time in the service systems of governance. Is that okay? Is it one close it now and then see what the RAG ratings are like when we present them and then say, actually, we're going to reopen that because we want some further changes. Let's see those RAG ratings in practice and then maybe close it. So, the next one is A825 relating to the code of practice again. This is about the IDRPE policy which has been reviewed. I mentioned just briefly before it's going through a minor change in the constitution this month, sorry. And that one has been proposed to be closed at this stage for the reasons I mentioned earlier. The final one is the last one, A1025, and this is around the online pension portal, and we looked at putting that into the induction for new starters. That has been included in the pensions induction that Janine and Joe run for new starters, and therefore this is in the scheme report as well. So, the board is asked to note the content of this report. Okay, we are going to move on to the item number seven, the pension regulators' general code of practice compliance checklist. My team is around IDRPEs. So, we've got quite a lot of training in the pipeline for our team. I would hope it's the same, that if we could get some training, it would be really useful. I'll just ask if it's an amber at the moment. Is that because we've identified to us in Captain People's skill? So, would the aspiration ever bring it to the green, or would it continue to be an amber with upskill? Any other comments from the board? I mean, I wonder if it might be good to have a conversation with the board members to address each kind of training session based on, I guess, the skills gap of ourselves. With regards to the RAG status, what we're not saying is we all have to be, you know, absolutely platinum level of understanding, but I guess there's a minimum standard we're looking to achieve. And if we achieve that minimum standard, I'd suggest that we would go to green. This for each individual is really helpful. Graham, I believe you've got your hand up online as well. Yeah, hi. Again, forgive me if you've already done this, but obviously Pensions Regulate has a public sector knowledge and understanding course on there. So, I don't know if part of the board, obviously, everybody passes that as a minimum. And it gives you some idea of what's required on the board. But then, again, if you needed things like overviews of schemes and things like that, obviously, just contact ourselves and we can obviously look to provide that as well. That's really helpful. Thanks, Graham. And that is the expectation of board members. And I know that that annual training session is really helpful as well. So, the discrimination, age discrimination remedy, quite a sort of update we've had a lot of time as well. And I just want to add to that, I suppose, in terms of what's moved on. Just over 95% of the immediate choice or the IC members have now received their RSSs, their immediate, which is a real positive. So, I sort of bring that to light. And we have had some members, not all the members, have received them due to delays in providing the data, which we've already discussed previously, back in April time. So, we have now got that data over. We had that over about six weeks ago. And we know that XPS colleagues are working on producing those RSSs, hoping to provide us with a timeline very soon around when that can – to give us an idea of when that will complete. So, that's where we're at with the McLeod. Obviously, we know that that was the 31st of March deadline. And that was the timeline which we were working to. But we haven't been able to achieve that because of the delay and getting the data from the payroll systems. So, there is discretion within the legislation to extend that, should we need to. And obviously, being able to understand what that's going on. Yeah. Yeah, I've just checked. So, the timeline, I am expecting to get you that within the two weeks. Hopefully, by the end of next week, but I'm going to say two weeks at this point in time. And part of it, obviously, is the complexity of actually getting these statements out. So, for a number of our Blue Light clients, we've been doing this since August and we're still having difficulties getting some of the information through. So, as I said, I've asked the team that's dealing with the ABS RSSs and they've quoted, as I said, two weeks, but they're hoping to get it there by next Friday at the earliest. So, at best a week, at worst a fortnight. Just a quick question, Danny. Were you talking about a bit of discretion to work past the deadline of the 31st of March? Is there a hard stop in terms of... I don't know if I can come in there as well. And obviously, across all the public sector, there are a lot of delays across all of the public sector. So, 3-5 at the moment is not an outlier, I wouldn't have thought, in this position. It's still not ideal to watch the deadline of the 31st of March, but you're not an outlier in the sense that you're a lot later than a lot of others. And some of the timetables I've seen, some people have almost ignored at the 2024 and go and look to do the 2025 statements. I'll get that date, that timeline. Thank you. Okay, I'll move on to the annual benefits statements. I think they're similar to what I was... In terms of the information I've just provided, obviously, the end-of-year data was provided in two phases, back in January and in March. And so, we're just really waiting on some information in terms of when those will be coming out for those individuals. I think, Graham, is that similar sort of timeline to the other statements, or do we have any idea about the ABS at all? Is that going to be... Because they'll be together, won't they? Are we talking standard ABS, or are we talking ABS RSSs? I need to know what... Because the stats I've seen for standard ABS, pretty much all of those have been sent out for those who aren't under the cloud. The RSSs. The cloud workers. Yeah, the RSSs are that extra bit of work that we've got to do, because obviously we've got to roll everybody back as well, doing the year-end files. So, we're in the process of doing that roll-back process, which, as I said, is where sometimes these fall out. So, again, part of our report, we've got, like, how we go on immediate choice, but similar to the sort of thing, what we do with the ABS RSSs. And I've said, you kind of put it through, you do the roll-back, and sometimes the record will cause an error, or the data will cause an error, because it doesn't quite match up what we already held. So, again, we've got to work through those. We'd expect, obviously, a large percentage to go through in the first run, and then we've just got to work out the errors on the other ones to get those fixed to make them then run through. Thanks, Graeme. That's really helpful to understand. Thank you. So, the statistics are in the report that was provided, and in terms of the ABS RSS 5 have been issued for the ABS RSS, and then the deferred in scope 34, and those deferred RSSs that are under the 92. Can you just ask a question on that table, with the ABS RSS and the deferreds, not having the percentages, is that just a typo, or the IC RSSs and the normal ABSs have got a percentage underneath the ones issued? I've not got that in front of it, it's not. Sorry, the 96% figure, is that the one you're referring to? Well, you've got the 96% and you've got the 98%, but under the ABS RSS issued, you haven't got a percentage there, or the deferred RSS issued. That's what I'm wondering, is it, yeah, it would be good just for clarity to include those percentages. Okay, we'll put that down for the next time, absolutely, no worries. Okay, so, as Julian mentioned, that breach has been reported to the pensions regulator, so. Okay, in terms of those contingent decisions, the information is the rejoiners being somewhat of an issue. I think the legal work needs to continue in that space to understand what that will mean longer term, because the government is obviously looking through the legislation and trying to sort of understand how that would work, and those cases are paused currently as a result. So, that's the situation with those at the moment. There have been four claims come through things. The 10% pension allowance has been in a similar place to where before, but we have, and the next cohort, sorry, have been contacted, which is the current active employees, and statements for these employees are being prepared. So, we will be taking that forward, but, obviously, at the moment, we'll just finalize. Okay, so, if I move on to Matthews, you'll see there in the report the numbers so far. So, we've had, in scope, 218, and look at the totals now, sorry, expressing an interest in that it was 112, so, a pretty good percentage there, really, of return. Received statements from 18, have been done, sorry, 89 of those, and those that have actually elected to join the scheme is 42. So, the numbers across all brackets, okay. ITM, obviously, were engaged to seek out individuals who may not have come forward and try and understand who we may have missed, and that's been ongoing. But the numbers have gone up slightly since the last time we met in terms of any questions on Matthews. Not so much from Matthews, but I guess just before we move on to other than Matthews or McLeod, just a quick question with regards to a lot of the rollback, the RSSFs, and the annual allowance things are in hand at the moment being calculated through. At what point will be starting to go to members to look at the difference in the contribution rates between the… some people, that will be contributions owed, and the result… I went to Graham, and they count the CAF dashboard at UK. And the process will be, you have a 12 wisdom on the decision. Just a quick follow-up on that, I think you've explained it, I just want to ensure my understanding is correct. There's one sort of need for contributions in some way for her. I'm just going to interrupt for one second. Those that are joining online, we're getting a lot of feedback. Can you please… Thank you. Thank you. Just so that's clear in my mind, so where you say there's a 12-week window each year, so that's a choice to pay off the whole amount owed, which could be several thousand, but they could literally defer that for several years to save that money, and in year seven pay that whole lump sum off. Is that kind of what you're saying in essence? So what happens is… Okay, so I'll just then move on to the next area on the report, which is around the amendments to the firefighters' pension scheme. It is that Graham has got his hand up as well online, Graham. Yes, thanks, Alex. I'm just going to interject again, just to add a little bit to what, obviously, Janine was saying there as well. The choice to make, obviously, a payment now doesn't affect your benefits. The members will still have that deferred choice, so whether they choose to pay the contributions or not, they will be rolled back into their legacy scheme no matter what at this point. It's just the choice of paying the contributions, but their final choice of benefits will be at retirement when they make that deferred choice. So, as Janine said, every year you're going to have the choice of either paying or receiving your contributions with interest, but when you come to retire, you'll have that deferred choice, and that's when you make your actual choice of which benefits you are. So, as Janine said, someone might choose if there are a 2006 member to get that refund, because it could look quite tempting, the value of it, but if they then choose care benefits, which could be better for them, especially if they don't get any large promotions during that time, they will then all those contributions back all the way to 2015 with interest added to them. Thanks, Ben. Just to make sure, obviously, members know about that. That's helpful. I think that's also another question for me in some sense is that, so in theory, you're saying that someone who has been rolled back onto the 92 scheme decides to pay the outstanding contributions, but for whatever reason, when they retire, they decide to not roll back, they would then get a refund? They can retract their decision. Yeah, and then they'll obviously have interest on that at the NS&I rate. Thank you. Okay. Thanks, everyone. So, just going back to the 5-5 suspension scheme then 2006 and amendments to that, that the key proposals here were included, sorry, included providing additional death grants to individuals who opted out before April 2015, extending the eligibility for that, and also providing more flexibility for members to convert their standard service to special service. So, that was the kind of key areas around that, those amendments, sorry. So, there was a consultation on that. We did feed into that consultation, and that's been published on the SharePoint site. So, that's there for people to read should they wish. But we're still waiting that formal response back from the Home Office in terms of that consultation. So, I think one of the key points here is around those that are in the Matthews and the McLeod schemes, obviously, where they're in both of those, we need to do the Matthews election before the McLeod remedy is then processed. So, there's kind of a challenge there with those. That's why they may be delayed in terms of being able to provide that information to them. So, the kind of key areas there, the Matthews remedy obviously runs or ran till the end of March. That was extended till 26th, March 26th. And so, that's been really helpful in terms of processing that and making sure we reach out to as many people as we can. So, finally, I think the key point on this one as well. There is an ongoing tribunal in this space relating to members who will retain firefighters before April 26th, 2006. Sorry. And they became whole time firefighters before that time. But if they joined the 92 scheme. So, these members can't aggregate their retained and whole time pots, if you like, within the pension scheme. And so, this is still being looked at in the courts. It isn't currently stayed until May, until this month. So, we should get an outcome very soon. Okay. GMP, probably get an update from maybe Graham on that one. I don't know if you want to provide something with an update on the GMP, Graham, at this stage. If that's okay. Yeah. Again, I'm just trying to get the team to obviously confirm exactly the timelines on that as well. Again, I'm expecting that within that fortnight as well. Great. So, we'll get lots in two weeks time. I'm expecting so, yes. Thank you. Okay. Brilliant. So, okay. Just moving on, therefore, to the pensions regulator, the Code of Practice we've already discussed, the compliance report there. If anyone wants any more from what we've already provided, I think a lot of that relates to the IDRP and the changes that have been made there. And just waiting on that outcome in Council to raise to the Constitution. Okay. Okay. So, the next one is the pensions dashboard. This is similar sort of status in terms of time that we mentioned in the last board meeting. Just to sort of look at, obviously, what it will cover off. I think the key thing here is two areas of data accuracy. You've got the figures there. So, we've got very good responses at the moment in terms of data accuracy to be able to facilitate this. And also, the matching policy. So, you've got the 90.16% of members who will make an exact match with their scheme data, which is quite high. I think from understanding of other sort of services in this area in terms of the dashboard information, we are doing quite well. So, the report suggests that we, you know, conducting a member tracing exercise to improve the accuracy of the contact information and verify that which we would expect. But the initial analysis is highly encouraging. So, over 90% accuracy. Questions on that at all? Okay. IDRP, we've had two previous cases the board would probably be aware of. Both of those have been resolved now. There's a bit of an update there in terms of that resolution for those two cases. And then, moving on to auto-enrolment. You may be aware the Pensions Act 2008 introduces auto-enrolment piece. So, all employers in the UK have to abide by this and auto-enrol individuals into the pension scheme. So, the next date is 1st of April this year. So, that's gone. They will auto-enrol and then individuals have to opt out should they wish to subsequently to that. So, the communication was sent out to members in that regard. Because they are aware of that and should they wish to opt out they can do that. Go ahead. Thanks. Can we get that information? Not as yet. But, yes, we can look to get that information. There was a member three years ago that missed a number of the communications with regards to auto-enrolment. They didn't refer their pension and they couldn't then reclaim that lost money. So, it would just be interesting to know how this moves forward. Because I've seen that communication sent out and I've personally reached out to the individual just to make sure they're aware this time. Hopefully, they don't miss that again. But, it would just be interesting to know what the reception is among the worst workforce. I suppose in numbers of people who have been auto-enrolled and therefore how many people are withdrawing again. If you could, I guess, to know that. Yeah. No, absolutely. We can certainly look to get that data and give us an indication as to what the numbers are. And, obviously, if they are still very high in terms of or low in terms of not having opted out, then we know we probably need to do some more. More cons are in that space too. Okay. If I may, please. Also, with that, does it also capture people that are transferred in? Is there a gap there that there might be something lost or missing pension schemes? Is there a process behind that? I think my understanding is that when they come in from another service, they come in with the pension scheme history. They have to gain that from the other service in the same way as employment information when they join. But, it's certainly one we can look into to make sure that that's happening appropriately, yeah. Yeah. So, just at that point, I think there has been sometimes a delay between people's pension schemes being transferred across. But, I guess, that responsibility would not have a pension scheme already with us that will be auto-enrolled. So, I guess that conflict might be is that if someone transfers across and we haven't transferred the pension details yet, they may be auto-enrolled. Because that's the other thing that I think wasn't clear last year for this individual is that it's a set date every three years, not three years after you join. So, you know, someone could have joined last month. And, therefore, I guess there could be a window of that being an issue. And, yeah. And, yeah. And, it's like you said, there's one date and time, isn't it, regardless. So, yeah. And, we can look to get those numbers and then provide those back to the board. Definitely. Okay. I think we touched upon training previously. So, there's a lot of training going on for both the immediate pension scheme, but also the wider board and the LGA training obviously coming up next month, which is really positive. And, there's also, as Ginny mentioned, this pension scheme management report training, sorry, they're pulling together as well, which we're just waiting on some information on at this point in time. And, make note of Graham's contribution in terms of some of the other providers as well. So, we can certainly look into them and see if they're suited to the needs of the individuals. So, communications. Lots of communications going out at the moment. Vary mediums. But, we've got a lot on SharePoint. Janine's been really brilliant in updating the newsreel in that space and ensuring that it's constantly added to so people have got more information about this. I think there's loads of information out there about, as we've touched upon, the auto-enrolment. There's a bit about the pensions tax, self-assessment, all those sort of key areas that we've spoken to today. I think one of the really good points to make there in this space is the pensions clinic. Is that the pensions clinic? Check the title. Which has been set up by Janine and her team every Thursday, which is open to people to come in and have conversations around their pensions. It's extremely popular with a queue out the door. So, they've been inundated, which is a good thing. It shows, obviously, that people are interested and want to come and engage with that in that space. So, really, really good initiative there that's been started and hopefully providing some value to members of the scheme. It's fantastic. So, just in terms of the SharePoint site, just briefly, a few numbers there which are in the report. but there were 836 visits in the last 90 days. So, that's quite impressive in terms of the 90-day space. There's a lot of people that have visited that site for more information. So, I hope that that also indicates that there's the information they're requiring in there as well. It's a good thing. So, yes. I was just going to, I could see that Glyn wanted to come in. Thanks, Chair. I just wanted to record my thanks to Janine and the team for the work that's done. It's been a real, we see as board members, the kind of level of training we need. So, for the members to get that support, to help them understand what this means to them is really well appreciated. So, I just wanted to record members. So, yeah. Thank you. Thank you. Absolutely. And I think sort of just building on that, the team have also been going out on stations, as you mentioned, in terms of different way and visitors since the last board meeting. So, I know that that's been five now. Sorry. It's another one. It's been well received. So, that's, yeah, really positive. So, yeah. Fantastic. The pre-retirement calls we touched upon, I think last time as well. And they're going to continue because they've been very popular as well in terms of understanding getting individuals in that space moving forward. So, that's also one just to note as well. Just finally, the risk register has been reviewed. As we know, it's a standing agenda item, but it's also got a lot more information in there and it aligns as well. I think just one reflection on a couple of items that we covered there. Graham, you kindly gave a two-week timeline for a few items. I'm going to move on to item nine. Now, item nine is the XPS pension report. However, I'm aware that we didn't receive this in time. I think it came through late to have the opportunity to be able to read the report. So, I'm proposing that we skip that part of the agenda this time. What I would ask though, Graham, is just from yourself in terms of a commitment to ensure that we meet the timelines, work through that report this time. Graham? Yeah, I apologise for that, Sally. We'll make sure that, obviously, on everybody's agenda to make sure that it gets through in plenty of time for the board. Thank you. Thank you. However, what we did have as part of the agenda pack was 9A, which was the Surrey dashboards readiness document. So, I didn't know if there was anything that, Graham, you would like to make the board aware of and give an oversight of that particular report 9A. Yeah, so, obviously, the intention is that, obviously, we are due to connect to the dashboard by October this year and the dashboard itself goes live October 2026. Something that was in our update is, obviously, regarding and, obviously, communications being sent out to yourselves regarding our intention to move software systems. So, that's probably why I've been a bit like the Scarlet Skim Pimpernel recently and not being that available is the fact that I'm working on that transition, which will probably take up the rest of this year. So, we are looking at that. So, potentially, we will be contacting you regarding the dashboard because there is an option to delay that initial connection to the dashboard. And again, we believe we will be on our new software system very early in 2026. Probably by the 1st of January 2026, where we've got our timeline at this moment. And therefore, that would make more sense to have that as our connection. And we have used this software within XPS already. And we have made a connection to the dashboard on one of our other private schemes. So, we know it connects. But the report we've provided is, obviously, I mean, Janine and Danny's already covered part of it, of where your data is because, obviously, the big thing about the dashboard is it's to do with member details rather than pension details. And so, as a member goes on to that dashboard, they will put their details in and it will go away and it will look across all pension schemes is the intention. And it will pull that information together and go to somebody. This is all your pension benefits and these are where they sit. And potentially you've got something here, but you will need to ask them to go away and check because sometimes that personal detail might not fit fully. So, if you've moved address and you've not updated the previous pension scheme or ourselves, it may say that it's a near hit. And therefore, there'll be a bit more information that needs to be done by either the administrator or the member to contact that pension scheme to get more details of whether it is a true match or not. So, I said, so there is some of that. I mean, obviously, that high percentage, 91% sounds really good. Again, obviously, we would prefer it's close to 100% as we possibly can. So anybody who goes on and I'm probably thinking more deferred members here because obviously active members should know member self-service. But they will require to be able to access that system and find that information. As I said, deferred members are those people who tend to move addresses and therefore we can't contact them. So it's a way of giving them their full details of exactly what they're going to get potentially in the future. So it's based on the benefit statements, the cloud people will get both benefits as well from what I've seen so far on the dashboard intention for public sector. But as I said, it's trying to put everything in one place to make it easier for people to find. My personal opinion is public sector firefighters definitely seem to be there from a young age to go through to retirement to take the pension benefits. Private schemes, people do move around a lot more. You tend to find that I think it's an average of seven or eight different pension schemes somebody in the private industry has. And there's so many billions that haven't been claimed at this point in time. It's a way of connecting people to their pension benefits. But it will also provide things like state pension details. So you've kind of got your full benefit package for pensions in one place. Obviously that report is just giving an idea of what it is and potential, I mean, I believe you've shown the cost in there, but potential costs of what that would be to improve that data. And obviously it would be yourselves as the scheme managers to make that decision of whether you wish to do that. But again, the pensions regulator might ask questions of why you've decided to settle to 91% where you've got it to 98%. Thanks for more updates and confirmations around timelines, deliveries, etc. Yeah. And again, we expect to be able to then obviously once it is live and that'll probably be October 2026. Obviously then report of how many details we seem to be getting through from that as people log on. And also, as I said, there's a specific timeframes as well, as I said, these near matches where we've then got to do a little bit more in depth digging, just to be able to go back to the members say, yes, this is you or no, this is not you. But again, they don't get any further information. They don't get the financial details. It'll just be a confirmation of yes or no. And obviously then we've got that link to that person. Thank you. Thanks. Thanks, Graham. So I think nothing specific there with regards to the report for recommendations. So just for us to the agenda, the risk register, it was really pleasing to see that we've reduced. We've done some changes on the Matthews risk and removed the risk. I think absolutely what you just said, Sally. So they're the two key key changes which are noted at the bottom of the table. So I think the only other one really to note is obviously the red one which is around the end of year return data suggests that it's still quite high. I think it's still quite high because obviously that leads into the RSSs. And that's where we've got that risk. The actual data in itself has been returned and we know that come August this year, we have got the payroll team prep to hit the button and record and get all of the information that we need, you know, much quicker than we have been able to recently. So that's all been sorted. And that's why it took so long this year was to make sure we had those reports in place for future years. So hopefully that will go down as soon as we get past this stage of providing this RSS. We're closing the stands and reducing risk. So great. So again, for the boards to note the updates to the risk register, that takes us on to item 12, which is the. Which is.