Issue - meetings
Training & Development Plans For Pension Board Members For 2019/20
Meeting: 07/03/2019 - Pension Board (Item 9)
9 Training & Development Plans For Pension Board Members For 2019/20 PDF 341 KB
Minutes:
The Board received a report that set out the need for a training and development programme for both the Members of the Pension Board and Committee. The report outlined the recommendations for the Board for the need for training. The report has been brought to the Board before the beginning of the new municipal year so that the Board can agree a framework and training programme for the next financial year.
The Board then asked a number of questions about the proposals and the points raised are summarised below:
The Board noted that:
· A straight forward framework has been adopted in the areas of knowledge that the Board members should have as outlined in the report).
· There are 5 main areas outlined in the report and that there will be various training programmes that will be on offer.
· Investment & Treasury Team pointed out that the date recorded in section 3.31 on page 18 is incorrect. A new date for the year 2019 has yet to be agreed with the Governance Team.
· Chair had proposed to plan a training programme several months ahead so that people can schedule the training dates in their diaries ahead of time and are able to attend. The Investment & Treasury Manager pointed out that if she is unaware of the areas people feel they are lacking in, then she cannot forward details of relevant trainings.
· It has been suggested that it would be useful to have a clear understanding of roles and responsibilities and then based on that highlight areas that Members need training on.
· Investment & Treasury Manager had drawn the attention of the Board to the Terms of References in the attached to the report.
· The statutory requirement is for the Board to have expertise in Pensions whereas the same is not applicable to the Committee. The Chair pointed out though that the Committee does have a requirement to take advice from the Board. There is a discussion going on in the LGA about the roles and responsibilities and what requirements there are as the regulators require a certain level of training for the Board. This is also an issue that is being discussed on a national level and it was hoped that changes/clarification will be seen in the months ahead.
· The preferred training time for members is evening: start time 5:30PM - 7:30PM was agreed by members.
· There should be combined training with Pensions Committee, with some of the training sessions at 5:30, some at a later start at 6/6:30pm. It was also suggested that food be provided at training sessions so as to allow members coming from straight work so as to eat.
· A spreadsheet is kept by the Investment and Treasury Management Team about the monitoring and record keeping of the training. However, there is no record of training which various individuals have attended. If members are completing the Pension Regulator modules, it is advised that they should inform Treasury Management Team once the training has been completed so that records can ... view the full minutes text for item 9