The Assistant Director – Resources provided members with an update on current governance related activity and regulatory matters.

The key points to note were:

·         The new Pensions Regulators General Code of Practice has been published which is expected to come into force on 27^th March. Officers are currently working through the content of this and making use of training materials and webinars to support with planning to ensure we can demonstrate compliance with the code.

·         An Independent Governance Review will be undertaken by AoN following a procurement process. The report provides the scope of the work to be undertaken and the final report will be presented to the Board in June. One of the aspects of work being discussed with AoN is the potential for the scope of this review to include some detailed work on assessing our position against the new General Code using a tool that they have developed for this purpose and the Authority will update the Board on this as we progress.

RESOLVED: Members noted the updates included in the report and welcomed the action being taken to undertake an independent Governance Review.