Euan Miller

MEMBER TRAINING

From: West Yorkshire Pension Fund Advisory Panel - Thursday, 23rd October, 2025 10.00 am - October 23, 2025

...to ensure adequate knowledge and understanding, members of the West Yorkshire Pension Fund Advisory Panel were directed to undertake online training via the TPR Toolkit and the Hymans Robertson Learning Academy, and were encouraged to attend external training events and conferences.

Recommendations Approved

RESPONSIBLE INVESTMENT UPDATE

From: West Yorkshire Pension Fund Advisory Panel - Thursday, 23rd October, 2025 10.00 am - October 23, 2025

Recommendations Approved

FINANCE UPDATE REPORT

From: West Yorkshire Pension Fund Advisory Panel - Thursday, 23rd October, 2025 10.00 am - October 23, 2025

...to note various financial updates, including progress on the 2024/25 audit, the 2025/26 fund account and net asset forecast, the latest WYPF net management expense forecast, the estimated cost per member for 2025/26, and the estimated cost of transferring investment services to the Northern Pool FCA entity, as well as the potential impact on cost per member of moving to the FCA operating model.

Recommendations Approved

REPORT AND ACCOUNTS 2024-25

From: West Yorkshire Pension Fund Pension Board - Wednesday, 24th September, 2025 11.30 am - September 24, 2025

... the West Yorkshire Pension Fund Pension Board of Bradford noted the content of the 2024/25 annual report and account, suggested any improvements, noted the WYPF total net actual spend of £16.72m for 2024/25, and noted that the latest Government statistics Sf3 showed WYPF total cost per member of £42.68 for 2023/24 as the lowest LGPS cost per member, supported by strong service performance and quality.

Recommendations Approved

PENSIONS ADMINISTRATION REPORT

From: West Yorkshire Pension Fund Pension Board - Wednesday, 24th September, 2025 11.30 am - September 24, 2025

...to note the Pensions Administration Report, which provided an update on the West Yorkshire Pension Fund's pensions administration activities for the period 1 April 2025 to 30 June 2025.

Recommendations Approved