Social Value Ideas for Nottinghamshire County Council

McCloud remedy software support

The committee approved extra funding for software support to help deliver the McCloud remedy in the pensions administration system. Officers said the software supplier had not delivered the needed fun…

“The report requests additional funding for additional days of software support. Before I kindly hand over to Martin Griffith to set the report, I move…”

Data quality and dashboard readiness

The fund is under strong operational and compliance pressure to improve data quality in preparation for the pensions dashboard, with a stated ambition to get data accuracy into the nineties. The board…

“So that's just a bit of the reasons why data is so important. Of course, we've always done a lot of data activities, on an ongoing basis, and some of…”

Funding for mortality screening

The committee approved additional funding because the mortality screening, address checking and tracing pilot processed more records than forecast, increasing the cost of the contract. The report stat…

“Under the terms of the contract, the fund pays a fixed price per record for each of the processes that record undergoes. When the report was brought t…”

LGPS Central capability expansion

LGPS Central described a significant expansion in scale and services following Fit for the Future, with new shareholders, a larger team and a broader service model. The pool is building advisory, loca…

“So some of these slides might be familiar. That, as I said what we've started with is that the timeline of how our GPS central came about. So I'm I'm …”

Local investment approach

LGPS Central is developing a pool-wide local investment solution in response to new government requirements for local investment. The pool will support partner funds in setting their own local strateg…

“The first being enhancement of investment solutions. So similar to the questions that were raised, we are looking to develop our current brand offerin…”

LAPFF membership ended

The committee voted to cease membership of the Local Authority Pension Fund Forum. The case for leaving centred on the annual subscription, officer and member time, possible reputational risk, and the…

“So I'm gonna ask now I'm gonna go over to Thompson, do you wish to discuss that item? Yep. Just introduce it. ... The Nottingham pension fund values t…”

LGPS Fit for Future reforms update

The committee received an update on the government's LGPS Fit for Future programme, including the new statutory timetable, governance changes, and training obligations. The report indicates the draft …

“The key changes which directly affect the committee are the deadline for publishing an updated investment strategy statement has been extended to 03/3…”