The Pensions Committee is scheduled to consider governance documents for the Wales Pension Partnership (WPP) Local Government Pension Scheme (LGPS) and review the Fund's annual policies and strategies. An update on the WPP and investments is also on the agenda.

Wales Pension Partnership (WPP) Local Government Pension Scheme (LGPS) - Governance Documents

The committee is set to consider governance documents that are required to move forward with the implementation of the WPP Fit for the Future Business Case. This business case was previously approved by the Council on 17 July 2025. The report pack indicates that these documents are necessary to meet the Fit For The Future requirements for the WPP LGPS. The agenda also lists a confidential session to consider further governance documents related to this matter.

Annual Review of Pension Fund Policies and Strategies

A comprehensive review of the Pension Fund's policies and strategies is scheduled. This includes the Fund's Administration Strategy, Complaints and Compliments Policy, Communications Policy, Overpayment Policy, Conflict of Interest Policy, and Breaches Policy. These reviews are a standard part of ensuring the effective operation of the pension fund.

WPP and Investment Update

An update on the Wales Pension Partnership and the Fund's investments is to be presented. This item will provide information on the current status and performance of the pension fund's investments.

Risk Register

The committee will consider the Pension Fund's Risk Register. This document outlines potential risks to the fund and the strategies in place to manage them.

Minutes of the Local Pension Board

The minutes of the Local Pension Board meeting held on 11 November 2025 are scheduled to be noted. The Local Pension Board provides oversight and advice on the governance and administration of the pension fund.

Minutes of the Investment Advisory Panel

The minutes of the Investment Advisory Panel meeting held on 7 October 2025 are also scheduled to be noted. This panel advises on investment matters related to the pension fund.