Risk Register Members discussed and agreed that the Pension Board should have its own risk register and were content for the DoH Pension Policy and Legislation Unit to provide a draft register for members to consider. ACTION 3: DoH Pension Policy and Legislation Unit to provide members with a draft risk register for consideration. Scheme Advisory (SAB) Update / Legislative Changes RMG informed members that Desi Lowry and Paul Cummings were elected joint chairs of the SAB. He advised that at the last SAB meeting members felt that the Pension Board should consider the appointment of a finance representative and given that Vivienne Toal has just recently resigned from the Pension Board perhaps this was a good opportunity for employer representatives to consider appointing a finance representative. OB agreed to discuss with employer representatives the appointment of an employer finance representative. ACTION 4: OB to take forward the appointment of an employer finance representative. RMG advised members that were two sets of draft regulations with solicitors for final clearance and hoped that both sets would come into operation in September 2016 with retrospective effect to 1 April 2016. Forward Work Plan The took members through a draft work plan for the scheme year 2016/17 detailing the main issues the Board will need to consider and listed a number of recurring agenda items for future board meetings. Members were content with the draft work plan. It was agreed that future Board meetings should include a 15 minute presentation provided by HSC Pension Service on a specific topic which members feel would be beneficial. It was agreed that for the October Board Meeting HSC Pension Service would provide a presentation on HMRC Annual Allowance (AA) and Lifetime Allowance (LTA) limits. ACTION 5: HSC Pension service to provide 15 minute presentation on AA/LTA limits at the board meeting scheduled for 12 October.
Risk Register Members discussed and agreed that the Pension Board should have its own risk register and were content for the DoH Pension Policy and Legislation Unit to provide a draft register for members to consider. ACTION 3: DoH Pension Policy and Legislation Unit to provide members with a draft risk register for consideration. Scheme Advisory (SAB) Update / Legislative Changes RMG informed members that Desi Lowry and Paul Cummings were elected joint chairs of the SAB. He advised that at the last SAB meeting members felt that the Pension Board should consider the appointment of a finance representative and given that Vivienne Toal has just recently resigned from the Pension Board perhaps this was a good opportunity for employer representatives to consider appointing a finance representative. OB agreed to discuss with employer representatives the appointment of an employer finance representative. ACTION 4: OB to take forward the appointment of an employer finance representative. RMG advised members that were two sets of draft regulations with solicitors for final clearance and hoped that both sets would come into operation in September 2016 with retrospective effect to 1 April 2016. Forward Work Plan The took members through a draft work plan for the scheme year 2016/17 detailing the main issues the Board will need to consider and listed a number of recurring agenda items for future board meetings. Members were content with the draft work plan. It was agreed that future Board meetings should include a 15 minute presentation provided by HSC Pension Service on a specific topic which members feel would be beneficial. It was agreed that for the October Board Meeting HSC Pension Service would provide a presentation on HMRC Annual Allowance (AA) and Lifetime Allowance (LTA) limits. ACTION 5: HSC Pension service to provide 15 minute presentation on AA/LTA limits at the board meeting scheduled for 12 October.
Board-Meeting-29-June-2016-Minutes-Action-Points-Final-Draft-Cleared-by-Chair.DOCX