Apologies for absence were received from Nneka Oroge, Active Fund Members' Representative and Chris Boylett, Representing Pensions Fund Employers.

There were no declaration of pecuniary interest made by Board members.

EXCLUSION OF PRESS AND PUBLIC

The Chair MOVED and

It was RESOLVED:

“That, under the provisions of Section 100A of the Local Government Act 1972, as amended by the Local Government (Access to Information) Act 1985, the press and public be excluded from the remainder of the meeting for the consideration of the Section Two business on the grounds that it contains information defined as Exempt in Part 1 of Schedule 12A to the Local Government Act 1972.”

Mr Paul Audu, Interim Head of Pensions and Treasury presented the Pension Fund’s Risk register for the quarter to March 2024. Mr Audu stated the risk register, appended at appendix 1 had been reviewed and updated, in accordance with regulation and guidance provided by CIPFA and TPR.

The Board RESOLVED to:

1.             Note the detailed Risk Register appended to the report at appendix 1.

Mr Paul Audu, Interim Head of Pensions and Treasury presented the Pension Fund Liquidity and Cashflow forecast 2024/25 – 2025/26 report. He stated the report covered a two-year cycle and was subject to quarterly reviews and updates.

The Pension Board RESOVLED to:

1.    Note the Pensions Fund liquidity and cashflow forecast 2024/25 – 2025/26 report appended at appendix 1.