The Pensions Board of Shropshire Council is scheduled to convene on Friday, 1 May 2026, to review updates on pension administration, regulatory changes, and governance matters. The meeting's agenda includes discussions on the performance of the pensions administration team, updates on regulatory developments affecting the Local Government Pension Scheme (LGPS), and a review of the fund's governance framework.

Administration and Regulatory Updates

The Board will receive a report detailing the performance of the pensions administration team, including Key Performance Indicators (KPIs) and ongoing projects. This report, available as Administration and Regulatory Update, highlights that 10 out of 14 KPIs are meeting the 95% target for timely case completion. The report also outlines changes in work allocation, the recruitment of additional staff, and the ongoing use of the My Pension Online portal. Updates on regulatory changes, such as those concerning inheritance tax, death benefits, and minimum pension age, will also be provided. The report notes that the team is preparing for new reporting requirements stemming from recent consultations on Access and Fairness and Access and Protections, which will introduce additional administrative demands.

Governance Update

A comprehensive Governance Update will be presented to the Board. This report details regulatory breaches recorded between 1 April 2025 and 28 February 2026, noting that no breaches have been deemed materially significant to require reporting to The Pensions Regulator. The report also covers the progress of four Internal Dispute Resolution Procedure (IDRP) cases received from an employer, all of which have been upheld. Furthermore, the Board will be asked to consider and comment on several updated and new fund policies, including the Conflicts of Interest Policy, the Data Retention Policy, the Data Improvement Strategy and Workplan 2025-27, and the Communications Policy. The Governance Update also provides information on the Fit for the Future initiative, detailing new governance requirements expected to come into force from 1 April 2026, and outlines the fund's progress in meeting these recommendations.

Pensions Committee Reports and Feedback

Board members will have the opportunity to raise questions following the recent meeting of the Pensions Committee. Reports considered by the Pensions Committee on 20 March 2026 are accessible via a link provided in the agenda.

Minutes of the Previous Meeting

The minutes of the previous Pensions Board meeting, held on 23 January 2026, are attached for confirmation. These minutes, available as Minutes of Previous Meeting, cover discussions on public questions, administration and regulatory updates, and feedback from the Pensions Committee.

Public Question Time

The Board will receive any questions from the public that have been submitted in accordance with Procedure Rule 14. The deadline for submitting questions for this meeting was 12 noon on Monday, 27 April 2026.