Meeting documents

South Yorkshire Pensions Authority
Thursday, 24th July, 2014 2.15 pm

Venue: offices of the South Yorkshire Joint Secretariat, 18 Regent Street, Barnsley

Contact: Gill Garrety, Democratic Services Officer  Email:  ggarrety@syjs.gov.uk Tel:01226 772806

Items
No. Item

1.

Apologies

Minutes:

Apologies for absence were noted as above.

2.

Urgent Items

To determine whether there are any additional items of business which by reason of special circumstances the Chair is of the opinion should be considered at the meeting;  the reason(s) for such urgency to be stated.

 

Minutes:

None.

3.

Items to be considered in the absence of the public and press.

To identify items where resolutions may be moved to exclude the public and press.  (For items marked * the public and press may be excluded from the meeting).

Minutes:

None.

4.

Declarations of Interest.

Minutes:

None.

5.

LGPS 2014 Consultation: Draft Regulations on Scheme Governance

Minutes:

The Authority received a presentation from the Head of Pensions Administration to inform Members that the Department for Communities and Local Government (DCLG) had published consultation on draft regulations implementing new governance arrangements for the Local Government Pension Scheme from 1st April 2015 (or sooner).  Members’ comments on a draft response to the call for evidence relating to the new governance arrangements were requested. 

 

Members noted that the consultation focused on a requirement for the creation of ‘The Scheme Advisory Board’; a national body responsible for providing advice to DCLG on the desirability of changes to the LGPS.   Provision was also made for administering authorities to establish a Local Pension Board to assist them to secure compliance with the LGPS regulations and other legal regulatory requirements. 

 

Members discussed in detail the potential implications for the Authority if the proposals were implemented and the response to each question contained in the consultation.

 

RESOLVED –

 

i)            That the Authority requests the Head of Pensions Administration to draft a response to the consultation in its entirety.

 

ii)           That the draft response be circulated to all Members of the Authority for comments, prior to it being submitted to DCLG by the deadline of 15 August 2014.