The Local Pension Board met on Tuesday 03 February 2026 to review the West Yorkshire Pension Fund's administration performance, discuss a data improvement plan, and consider updates on the Fit for the Future consultation for the Local Government Pension Scheme. The Board noted the progress on data correction, endorsed officers to prepare for new regulatory requirements, and reviewed the Pension Fund's risk registers.

Administration Performance Report

The Board received an update on the West Yorkshire Pension Fund's (WYPF) pensions administration performance for September 2025. Lisa Darvill from WYPF attended the meeting and provided information on the new pension portal, which is expected to be made available soon. Members requested screenshots of the portal and were assured that no pension fund member data would be lost once it goes live, although all members would need to re-register. The Board welcomed the improved performance figures presented. It was noted that the triennial valuation results would be available within weeks, with an employer forum scheduled for late November to discuss them. No new breaches were expected to be reported. An issue with the 2024 annual benefit statements for a particular payroll provider was noted as expected to be resolved soon.

The Local Pension Board resolved to note West Yorkshire Pension Fund's performance levels and the updates on other administration and legislative issues.

Data Improvement Plan and Historical Leavers

An update was provided on the data improvement plan and the historical leaver exercise. Lisa Darvill from WYPF gave an update on a new dashboard, which is expected to be available later in 2026. It was noted that there is no connection between the portal and the dashboard.

The Local Pension Board resolved to note the progress on correcting member data and the historical leaver exercise.

Fit for the Future Consultation

The Board received an update on the Government's Fit for the Future consultation for Local Government Pension Schemes. Members were informed that a report would be submitted to a future board meeting detailing updates and further information on the legislation. It was noted that assets held in the fund would need to be pooled with the London CIV, who would manage these funds.

The Local Pension Board resolved to note the summary of the proposals in the Government's recent consultation and endorsed officers to assess and prepare for compliance with the new requirements as further guidance and legislation are issued.

Pension Fund Risk Registers

The Board reviewed the Pension Fund Risk Registers, which detail the risks associated with the management of the scheme, including current assessments and planned actions. A new risk was requested to be added concerning the potential loss of servers and data.

The Local Pension Board resolved to note the update on both the scheme's risk registers and that an update be provided regarding mitigating risks in relation to the loss of servers and data.

PFC Decisions

The Board received a report detailing recent decisions made by the Pension Fund Committee, summarising the rationale, processes followed, and links to policy documents and regulations. The Chair confirmed his attendance at the last Pension Fund Committee meeting.

The Local Pension Board resolved to note the report.

Committee Work Programme

The Local Pension Board resolved to note the work programme.