Agenda

Items to be considered when the meeting is open to the public.

To note any changes to the membership of the Board.

·       Resignation – James Nicholson

To note the attendance of any non-members of the Board present.

To receive any apologies for absence or substitutions for the meeting.

To confirm as a true and correct record the minutes of the previous meeting held on 22 May 2024.

The Board’s action log is also attached for members’ information.

To receive any declarations of disclosable interests or dispensations granted by the Standards Committee.

To receive any announcements through the Chairman.

The Board welcomes contributions from members of the public.

Statements

If you would like to make a statement at this meeting on any item on this agenda, please register to do so at least 10 minutes prior to the meeting. Up to 3 speakers are permitted to speak for up  ...  view the full agenda text for item 7.

To consider the Part 1 (public) minutes of the Wiltshire Pension Fund Committees held on 20 June & 11 July 2024.

A report for the Board’s ongoing oversight of:

·       Scheme, Regulatory, Legal and Fund Update

·       Health Check Dashboard – To 30 June 2024

·       Risk Register

·       Administration KPIs – The Improvement Plan

·       Audit update – SWAP KC actions.

An update by the Investment and Accounting Team Lead concerning the operational accounting arrangements, monitoring of the quarterly budget.

Presentation of the draft Annual Accounts 2023/24 and ongoing concern assessment. To enable the LPB to comment.

An update reviewing the Responsible Investment Strategy including the updated policy presented by the Investment and Accounting Team Lead.

The Pension Administration Lead will provide a verbal update to members and advise on the requirements for the need for an employer consultation process.

The Pension Administration Lead will present a paper covering the Fund officers proposed administration charging strategy.

The Pension Administration Lead will present a “integrated payroll system” update concerning the transfer of the Fund’s from Oracle to Altair. To include a project closure summary of the PI exercise in April 2024.

The Pension Administration Lead will present an immediate payment update covering Oracle reporting & debt recovery arrangements.

An update by the Fund Governance Manager on proposed changes to the Council’s constitution and associated documents. To include:

a)             Governance Compliance Statement:

b)             The Boards terms of reference

An update by the Fund Governance Manager on proposed changes to the Fund’s TPR Breach Policy.

Any other items of business which, in the opinion of the Chairman, should be considered as a matter of urgency. Urgent items of a confidential nature may be considered under Part II of this agenda.

To note that the next ordinary meeting of the Board will be held on 7 November 2024.

The Board to review its Scheme Year Forward Work Plan which is attached for members’ consideration.

To consider passing the following resolution:

To agree that in accordance with Section 100A(4) of the Local Government Act 1972 to exclude the public from the meeting for the business specified in Item Numbers 22-25 because it is likely that if members of the public were present there would be  ...  view the full agenda text for item 21.

Item(s) during consideration of which it is recommended that the public should

be excluded because of the likelihood that exempt information would be

disclosed.

To consider the Part II (confidential) minutes of the Wiltshire Pension Fund Committee held on 20 June and 11 July 2024.

A verbal update from officers on the ongoing Brunel governance arrangements.

An understanding of roles and responsibilities of MHCLG, the Pensions Regulator, the PO & SAB to be presented by the Fund Governance Manager.

To confirm the Part 2 (confidential) minutes of the meeting held on 22 May 2024.