Agenda item
PENSION FUND ADMINISTRATION - BUDGET MONITORING 2113/14 AND PERFORMANCE INDICATORS FOR QUARTER ENDING 31 DECEMBER 2013
Minutes:
The Finance & Systems Manager (Pensions) presented the finance report. The Pensions Benefit Manager presented the administration report.
A Member raised the issue of IT security in the light of recent attacks by CyberLocker viruses. She knew of companies who had been unable to use their IT systems for weeks because of these viruses. She was particularly concerned about the vulnerability of spreadsheet programs to these viruses. The Head of Business, Finance and Pensions said that Council finance staff were heavily dependent on spreadsheets. No information had so far been received about risks from CyberLocker viruses. The Council’s systems were subject to 200 virus attacks per day. Anti-virus protection was constantly updated. All spreadsheets received from outside the Council were virus checked. The Chair asked whether vulnerability to viruses would increase as more staff worked from home. The Head of Business, Finance and Pensions replied at present he had a direct broadband connection at home and was not able to work on his own PC. He understood that in future staff working from home would be able to access Council systems from their own computers within a secure virtual environment. The Chair suggested that the risk register should be updated to cover these IT developments.
RESOLVED to note:
1. The administration and management expenditure incurred for 10 months to 31 January 2014.
2. Performance Indicators & Customer Satisfaction feedback for 3 months to 31 January 2014.
3. The Summary Performance Report for period from 1 April 2011 to 31 January 2014.
4. Member roadshow events and employer training sessions undertaken to communicate the New LGPS 2014, including sample customer feedback.
Supporting documents:
- Item 14 - Pension Fund Administration Report, item 62. PDF 79 KB
- Item 14 - Appendix 1 Summary Financial Account, item 62. PDF 18 KB
- Item 14 - Appendix 2 Summary of budget variances, item 62. PDF 48 KB
- Item 14 - Appendix 3A Balanced Scorecard - 31st January 2014, item 62. PDF 26 KB
- Item 14 - Appendix 3B Balanced Scorecard Graphs, item 62. PDF 851 KB
- Item 14 - Appendix 4 Customer Satifaction Feedback, item 62. PDF 72 KB
- Item 14 - Appendix 5 & 6 Joiners and Leavers (2), item 62. PDF 158 KB
- Item 14 - Appendix 7 (Annex 1) Retirement Performance Monthly January, item 62. PDF 52 KB
- Item 14 - Appendix 7 (Annex 2) Deferred Performance Monthly January, item 62. PDF 53 KB
- Item 14 - Appendix 7 Summary Report on Emp APF performance to 31 January 2014, item 62. PDF 29 KB
- Item 14 - Appendix 8 - Summary of LGPS roadshows, item 62. PDF 161 KB
- Item 14 - Appendix 9, item 62. PDF 28 KB