Urgent business decision relating to McCloud regulatory decision and reporting to the Pension Regulator
September 19, 2025 Pension Fund Committee (Committee) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Pension Fund Committee approved recommendations on 19 September 2025. The committee noted the decision to exclude the McCloud underpin value from certain members' annual benefit statements and the decision not to report this to the Pensions Regulator. Fund officers will monitor the production of next year's statements and report to the regulator if necessary.
Full council record
Purpose
An update to the Pension Fund Committee on a decision taken by the Executive Director of Resources using the urgent business procedure for non-inclusion of the McCloud remedy underpin value in annual benefit statements for a small group of the Fund's membership. Also, approval not to report this decision to the Pensions Regulator.
Related Meeting
Pension Fund Committee - Friday, 19th September, 2025 10.30 am on September 19, 2025
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 19 Sep 2025 |