East Sussex Pension Fund Employers Forum 23rd November 2018 Cllr. Richard Stogdon Chairman, East Sussex Pension Committee In attendance of members of pension fund Chairman of the Pension Committee To welcome everyone to the East Sussex Pension Fund Employers Forum

Content of Forum Pensions Governance – Local Pension Board Current Market Environment – UBS LGPS Investment Pooling – ACCESS Pension Governance - The Pensions Regulator 2019 Triennial Valuation preparation In attendance of members of pension fund Chairman of the Pension Committee To welcome everyone to the East Sussex Pension Fund Employers Forum

Good Fund Governance has resulted in: Chairman's Address Good Fund Governance has resulted in: One of the very best funding levels in the LGPS. Delivering good member outcomes.

East Sussex Pension Board Richard Harbord Chairman, East Sussex Pension Board

Pension Fund - Who’s who Administering Authority “Scheme Manager” East Sussex County Council Delegated Function S 151 Officer S151 responsibility under Local Government Act 1972 Pension Committee s.101 responsibility under Local Government Act 1972 Pension Board Public Service Pensions Act 2013 responsibility Delegated Function Other Officers Responsibilities under Local Government Act 1972 Employing Authorities

Local Pension Board – what do we do? The Local Government Pension Scheme Regulations (2015) Responsibility for assisting the scheme manager in: Securing compliance with LGPS Regulations Scrutinise? Ensure effective & efficient governance & administration of the scheme. Securing compliance with requirements imposed by the Pensions Regulator in relation to the LGPS

Pension Board Members Representing Organisation Board Members 1 Employers University of Brighton Sue McHugh 2 Wealden D.C Cllr. Brian Redman 3 Brighton & Hove C. C. Cllr. Kevin Allen 4 Scheme Members UNISON Angie Embury 5 GMB Rezia Amin 6 Pensioners rep. Diana Pogson 7 Independent Chair - Richard Harbord

Work Undertaking Internal governance issues – Terms of Reference/Conflict of Interest Pension Committee agenda/minutes Forward Plan and Training Strategy Investment Manager fees Investment Performance report Compliance with Code of Practice Business Operations KPI’s Pension Fund Risk Register Pension Fund Internal Audit Reports Pension Fund Annual Report & Accounts

Future Structure of meetings Work plan aligned to Business Plan 3 part agenda: 1. Standing Items: Ongoing review of strategies and policies Board internal governance issues Review Pension Committee minutes/agenda Forward Plan/Training Strategy ACCESS/LGPS Pooling 2. Recurring Business Items: Review of the Business Ops/compliance/discretions 3. Specific Business Items: Risk Register/KPI’s & Benchmarking/Communications / Fund resources

Additional information Available through the links below – Pension Board https://democracy.eastsussex.gov.uk/mgCommitteeDetails.aspx?ID=374 Pension Committee https://democracy.eastsussex.gov.uk/mgCommitteeDetails.aspx?ID=373

Any Questions?