Agenda item

This report sets out a summary of the annual review of the governance arrangements for the Pension Board. It also provides an overview of the annual governance review undertaken by Committee in June.

The Pensions Manager introduced this report to the Board and highlighted the following areas.

Pension Board

The annual review of governance arrangements for the Pension Board have been undertaken and a summary of the findings are set out in Appendix 1.

Avon Pension Fund Committee

Annually in June the Avon Pension Fund Committee review its governance arrangements.

Following recommendations from the SAB’s Good Governance Review and gap analysis conducted by Hymans Robertson (see Appendix 11) a draft Conflicts of interest policy (appendix 7), Training Strategy Policy (Appendix 8), Representation Policy (Appendix 9 which will be an appendix to the Governance Compliance Statement) and a decision making matrix (Appendix 10) have been drafted for the Committee’s approval in June.

The Service Director for Commercial and Governance explained that this report was due to be discussed by the Avon Pension Fund Committee later in the month. He added that it was important to focus on the good Governance and the Gap Analysis.

Helen Ball suggested that the Board focuses on the two areas outlined for improvement, Conflict of Interest and Representation and reviews the other areas on a less frequent basis.

The Chair commented that to have obtained full compliance for the Administration Strategy was a solid foundation to build upon.

The Service Director for Commercial and Governance said that the Conflicts of Interest Policy (Appendix 7), Training Strategy Policy (Appendix 8), Representation Policy (Appendix 9) had been drafted to address those gaps that have been identified.

The Board RESOLVED to note and approve the report and its appendices ahead of the upcoming meeting of the Avon Pension Fund Committee.