18 June 2026: Pensions Committee and Board

A joint meeting of the Pensions Committee and Pension Board will take place in Committee Room 1, Council Headquarters, Glenurquhart Road, Inverness on Thursday 18 June 2026 at 10.30am.

You are invited to attend the meeting and a note of the business to be considered is attached.

Recording Notice: Please note this meeting will be recorded and uploaded to the Council’s YouTube channel.

Yours faithfully

Stewart Fraser
Chief Officer Legal & Corporate Governance 

Business

1. Roll Call/Apologies for Absence
Gairm a’ Chlàir/Leisgeulan    

2. Declarations of Interest/Transparency Statement
Foillseachaidhean Com-pàirt/Aithris Fhollaiseachd

Members are asked to consider whether they have an interest to declare in relation to any item on the agenda for this meeting.  Any Member making a declaration of interest should provide some information on the nature of the interest and leave the meeting at the appropriate time.  Advice may be sought from officers prior to the meeting taking place.

3. Pension Fund Administration 
Rianachd Maoin Peinnsein

There is circulated Report No. PC/07/26 by the Chief Officer Corporate Finance. 

Members are asked to consider the report and note the following:-

i. current HPF administration performance and performance updates (section 6);
ii. update on England and Wales Pension Bill (Fit for the Future) (section 7);
iii. update on Pension Dashboard (section 8); and
iv. training update (section 9).

4. Conflict of Interest Policy
Poileasaidh Strì Eadar Com-pàirtean

There is circulated Report No. PC/08/26 by the Chief Officer Corporate Finance. 

The Committee is invited to approve the Conflict of Interest Policy (Appendix 2).

5. Policy on Investment Services Appointment and Management
Poileasaidh Cur an Dreuchd is Stiùireadh Sholaraichean Seirbheisean Tasgaidh 

There is circulated Report No. PC/09/26 by the Chief Officer Corporate Finance.

The Committee is invited to approve the investment services appointment and management policy (Appendix 2).

6. Pension Fund Internal Audit Annual Report 2025/26
Aithisg Bhliadhnail In-Sgrùdaidh Maoin Peinnsein 2025/26

There is circulated Report No. PC/10/26 by the Strategic Lead (Audit & Risk).

The Committee is asked to note the content of the report, the audit opinion provided and to raise any relevant points with the Strategic Lead (Audit & Risk).

7. Risk Management Update 2026/27
Cunntas às Ùr air Poileasaidh Rianachd Cunnairt agus Cunnart Làithreach

There is circulated Report No. PC/11/26 by the Chief Officer Corporate Finance. 

The Committee is invited to:-

i. note the updated risk register extract (Appendix 1); and
ii. consider whether any additional risks need to be added to the register.

8. Investment Sub Committee: Minutes of Meeting
Fo-Chomataidh Tasgaidh: Geàrr-chunntas na Coinneimh

The Minutes of the meeting of the Investment Sub-Committee held on 16 March 2026 are circulated for approval.