Issue - meetings
INDEMNITY INSURANCE FOR PENSIONS BOARD
Meeting: 16/10/2017 - Pension Board (Item 10)
Update on Indemnity Insurance for Pension Board
To receive a verbal report from Bola Tobun, Investment and Treasury Manager.
Minutes:
Bola Tobun, Investment and Treasury Manage provided a verbal report which updated Members about providing Indemnity Insurance for the Pensions Board.
The meeting was advised that enquiries were made about providing indemnity for Pension Board Members and that it had been advised that no further insurance cover was needed for members as they were adequately covered and were not part of a decision making body. The CLG and GLT were consulted.
The Chair advised that there were confusion with the statutory regulations about administration of funds and that Board Members could be implicated as being liable if funds were not administered correctly as they are part of the scrutiny process. Officers were requested to seek further information and provide feedback on Insurance for the Board.
Stephen Stratton left the meeting at 12.33pm
RESOLVED
That further clarification be sought regarding Indemnity Insurance for the Pension Board.
Meeting: 18/09/2017 - Pension Board (Item 9.4)
Update on Indemnity Insurance for Pension Board
To receive a verbal report from Bola Tobun, Investment and Treasury Manager.