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Resolved –
 
 

That the latest administration expenditure
forecast of £6.86m against a budget of £7.82m for
2024/25, net underspend of £0.96m be noted.

 

That the proposed administration
budget of £8.28m for 2025/26 be approved.

 

That the WYPF
total cost per member of £44.67 is the lowest within LGPS
(2nd £69.55) and the projected total cost per
member for 2025/26 of £60.19 will maintain our cost
performance going forward be noted.

 

That, at the
time of writing this report Bradford accounts for 2023/24 is delayed
therefore, that the WYPF Report and Accounts is also delayed, be
noted.

 

That the
additional cost incurred in relation to setting up the FCA pool
entity and the monitoring of this by the Managing Director of
the Fund be noted.

 
To be actioned by:
the Managing Director, WYPF