Agenda item

Report by the Chairman of the Pension Advisory Board.

The Board is asked to note the updates to the Business Plans of the Board and the Panel.

38.1   The Board received a report by the Chairman of the Pension Advisory Board (copy appended to the signed minutes).

38.2   The Chairman introduced the report and highlight the proposed work plan at Appendix B.

38.3   Rachel Wood spoke through the Pensions Panel Business Plan Update which included an update on the Pensions Regulator deep dive.  The full deep dive report was available as a background paper to the Pensions Panel report.  Board members commented on the monthly issues that were sent out by Hymans Robertson and asked if these should be sent to Board members.  - Rachel Wood resolved to send these on to Board members.

38.4   The Board queried the discrepancy in the level of training of Pensions Panel members .  – Rachel Wood explained that some members of the Panel were long serving members who had previously completed training.  It was noted that conferences could compliment existing learning.

38.5   Resolved – That the Board notes the updates to the Business Plans.