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: