Issue - meetings

The Board considered a report that recommended best practice, which resulted in the Pension Committee maintaining a risk register which covered the most significant risks faced by the Fund. This report presented the current register (Appendix A) for the Board’s consideration. The Board received an introduction from Head of Pensions and Treasury, Nigel Cook.

In response to queries raised by the Board, the following was clarified:

•           There was a current lack of Cyber Security Policy. The officers were looking into cyber security training which would be rolled out to staff in due course.

•           The Risk Register should take account of the Good Governance Project.

•           There was acknowledgment that high level of turnover of the membership is a risk.

RESOLVED – That the Board noted the contents of the Pension Fund Risk Register.