8 Review of Risk Register [Standing Items] PDF 471 KB
To review the Risk Register and consider any new risks.
Minutes:
The Pensions Fund Manager reported that no new risks had been identified.
The Board noted or made the following comments [the numbers shown are the Risk Reference numbers]:
PEN004 – periodic reviews are undertaken of the business continuity plan and a review had been completed in June 2021.
The Pension Fund Manager reported that the Task Force on Climate-Related Financial Disclosures [TCFD] guidance means a significant increase in the requirements on pension funds to report on climate-related financial risks. He advised that an action plan was being developed and it was noted the scale of the work involved. The Chair indicated that this may warrant a training event for the Board and Committee. The Board recommended that TCFD should be added as a new risk.
8. Review of Risk Register [Standing Items] PDF 471 KB
To review the Risk Register and consider any new risks.