Issue - meetings

The Local Pension Board is recommended to note the contents of this update.

Tim O’Connor presented this item highlighting the key points from the report.

A meeting has been set up in January to discuss Prudential’s performance and are looking at the option of other AVC providers. AVC wise is doing well and get attendance on their online seminars.

There has not been a huge increase in opt-outs. The pensions team have been pressing the 50/50 option and visiting sites with staff who don’t have access to online information. Members suggested the 50/50 option be advertised better.

FCA have given advice on pensions scams, following this the ‘zpensions’ email address is being looked at and hopefully will change.

In September 2024 we are looking to onboard pension members to the pensions dashboard. The first focus is getting the data as clear as possible.

Members expressed concern that the cut off at 75 for survivor benefits is discriminatory at a national level.

The new pensions regulator is starting in January 2023.

There is a Governance Conference taking place in January 2023 and an LGA employer training also coming up.

ACTION: Bola to send details for training to members.

The Pensions Team are doing a restructure on their projects. This is taking into account the national difficulties in recruitment to local government pension teams and in house training will be taking place to upkeep staff.

Members had questions on flexible retirement for teachers and the need for an understanding on Enfield’s policy on this and suggested the team coming out to talk to teachers.