Agendas, reports and minutes

Pensions Committee and Board

Date: Thursday, 28 February 2019

Agenda: Read the Agenda

 
A joint meeting of the Pensions Committee and Pension Board will take place in the Chamber, Council Headquarters, Glenurquhart Road, Inverness on Thursday 28 February 2019 at 10.30 a.m.
 
You are invited to attend the meeting and a note of the business to be considered is attached.
 
Webcast Notice: This meeting will be filmed and broadcast over the internet on the Highland Council website and will be archived and available for viewing for 12 months thereafter.
 
Yours faithfully
 
Stewart Fraser
Head of Corporate Governance 
 
 
BUSINESS 
 
 
1. Apologies for Absence
    Leisgeulan
 
2. Declarations of Interest
    Foillseachaidhean Com-pàirt
 
Members are asked to consider whether they have an interest to declare in relation to any item on the agenda for this meeting.   Any Member making a declaration of interest should indicate whether it is a financial or non-financial interest and include some information on the nature of the interest.   Advice may be sought from Officers prior to the meeting taking place.
 
3. Pension Fund Contributions and Administration 
    Tabhartasan agus Rianachd Maoin Peinnsein
 
There is circulated Report No. PC/1/19 by the Head of Corporate Finance & Commercialism.
 
The Committee is invited to consider the details of the report. 
 
4. Administration Strategy Statement /Discretionary policies /Overpayment of Pension/  Aithris Ro-innleachd Rianachd/Poileasaidhean Fo Ùghdarras/Tar-phàigheadh Peinnsein
 
There is circulated Report No. PC/2/19 by the Head of Corporate Finance & Commercialism.
 
The Committee is invited to:-
 
i.   approve the Administration Strategy Statement, including the schedule of charges;
ii.  approve the Discretionary Policy report; and
iii. agree the proposal for recovering overpayment of pension on death of a member.
 
5. Risk Management Update 
    Fios às Ùr mu Rianachd Chunnairt
 
There is circulated Report No. PC/3/19 by the Depute Chief Executive/Director of Corporate Services.
Members are asked to:-
 
i.  note the updated risk register extract and compliance with the Pension Fund Regulator requirements; and
ii. approve the updated risk management strategy and policy.
 
6. Annual Audit Plan 2018/19  (External Audit Report)
    Plana Sgrùdaidh Bliadhnail 2018/19 (Aithisg Sgrùdaidh bhon Taobh A-muigh)
 
There is circulated Report No. PC/4/19 by Grant Thornton which presents their annual audit plan setting out the work they plan to undertake as part of the audit of the pension fund.
 
The Committee is invited to consider the report.
 
7. Investment Sub Committee: Minutes of Meeting
    Fo-chomataidh Tasgaidh: Geàrr-chunntas na Coinneimh
 
The Minutes of meeting of the Investment Sub-Committee held on 31 August 2018 and 30 November 2018 are circulated for confirmation. 
 
8. Membership of Investment Sub-Committee
    Ballrachd na Fo-Chomataidh Tasgaidh
 
The Pension Committee is asked to agree to the following change to the Membership of the Investment Sub-Committee:-
 
Mr R Gale to replace Mrs C Caddick.