Agenda item

I ystyried yr adroddiad

PENDERFYNIAD

 

Derbyn yr adroddiad er gwybodaeth

 

Nodyn:

Aelod o’r Bwrdd Pensiwn hefyd i fynychu’r gynhadledd i’r dyfodol

 

Feedback and an overview of key items discussed in the LGA Governance Conference (Bournemouth in January 2025) were presented by Councillor Ioan Thomas (Vice-chair of the Pensions Committee) and Meirion Jones (Pensions Manager). It was reported that the event had been very beneficial, and the following matters were noted as fields that required attention from the Gwynedd Pension Fund after receiving information at the Conference.

 

-        ⁠Reducing the Number of Pools – concern that Wales was unsafe as one pool for the future as a result of the 'Fit for the Future' review by the UK Government on the number of pools.

-        There was a need to ensure that the work of the valuation started soon with enough engagement on the strategy

-        There was a need to ensure that the dashboards were ready by October 2025

-        A general note – various Councils sent many members to the conference – requested that Gwynedd offered an opportunity for a Member of the Pension Board to attend.

 

The members gave thanks for the feedback.

 

In response to the observations, in the context of the 'Fit for the Future' review to reduce pooling numbers, it was noted that the Wales Pension Partnership (WPP) had submitted a Business Plan to the Government which proposed a way forward. It was elaborated, from the unofficial feedback received to this current consultation, that WPP would be able to stay as one investment company for Wales. He added that although no formal feedback to the Business Plan had been received, work streams were being prepared in the background to establish a company.

 

Responding to the observation about the work of the valuation, it was noted, although the process was long, that consultation work had already started and Committee Members had received a training session on actuarial assumptions and methods.

 

In response to the need to ensure that the dashboards were ready by October 2025, it was noted that the Fund had been working with the Heywood Pension Technologies company to establish the dashboards and that the system was now in a trial period. It was elaborated that Gwynedd would be ready to connect when the public dashboards went live.

 

Members gave thanks for the response to the observations and the officers were thanked for their good and timely work and for their proactive attitude.

 

RESOLVED:

 

To accept the report for information.

 

Note:

A member of the Pension Board to also attend the conference in the future.

Cyflwynwyd adborth  a chrynodeb o eitemau allweddol a drafodwyd yng Nghynhadledd Llywodraethu’r LGA (Bournemouth mis Ionawr 2025) gan y Cyng. Ioan Thomas (Is-gadeirydd y Pwyllgor Pensiynau) a Meirion Jones (Rheolwr Pensiynau). Adroddwyd bod y digwyddiad wedi bod yn fuddiol iawn a nodwyd y materion isod fel meysydd sydd angen sylw gan Gronfa Bensiwn Gwynedd yn dilyn derbyn gwybodaeth yn y Gynhadledd.

 

-        Lleihau Nifer Pwlïau - pryder nad yw Cymru yn ddiogel fel un pwl i’r dyfodol yn sgil adolygiad ‘Fit for the Future’ gan Lywodraeth y DU i niferoedd pwlïau.

-        Bod angen sicrhau bod gwaith y prisiad yn dechrau yn fuan gyda digon o ymgysylltu ar y strategaeth

-        Bod angen sicrhau bod y dangosfyrddau yn barod erbyn Hydref 2025

-        Nodyn cyffredinol - bod amryw o Gynghorau yn anfon nifer o aelodau i’r gynhadledd a chais i Wynedd gynnig cyfle i Aelod o’r Bwrdd Pensiwn fynychu.

 

Diolchwyd am yr adborth.

 

Mewn ymateb i’r sylwadau, nodwyd yng nghyd-destun yr adolygiad ‘Fit for the Future’ i leihau niferoedd pwlio, bod Partneriaeth Pensiwn Cymru (PPC) wedi cyflwyno Cynllun Busnes i’r Llywodraeth oedd yn cynnig ffordd ymlaen. Ategwyd, o’r adborth answyddogol sydd wedi ei dderbyn i’r ymgynghoriad presennol yma, y bydd PPC yn gallu aros fel un cwmni buddsoddi i Gymru. Ategwyd, er nad oedd adborth ffurfiol i’r Cynllun Busnes wedi ei dderbyn, bod ffrydiau gwaith yn cael eu paratoi yn y cefndir i sefydlu cwmni.

 

Wrth ymateb i’r sylw am waith y prisiad, nodwyd, er bod y broses yn un hir bod y gwaith ymgynghori eisoes wedi dechrau a bod Aelodau’r Pwyllgor wedi derbyn sesiwn hyfforddiant ar ddulliau a rhagdybiaethau actiwaraidd.

 

Mewn ymateb i’r angen i sicrhau bod y dangosfyrddau yn barod erbyn Hydref 2025, nodwyd bod y Gronfa wedi bod yn cydweithio gyda chwmni Heywood Pension Technologies  i sefydlu’r dangosfyrddau a bod y system bellach mewn cyfnod prawf. Ategwyd pan fydd y dangosfyrddau cyhoeddus yn mynd yn fyw, bydd Gwynedd yn barod i gysylltu.

 

Diolchwyd am yr ymateb i’r sylwadau a diolchwyd i’r swyddogion am eu gwaith da, amserol ac am eu hagwedd rhagweithiol.

 

PENDERFYNWYD:

 

Derbyn yr adroddiad er gwybodaeth

 

Nodyn:

Aelod o’r Bwrdd Pensiwn hefyd i fynychu’r gynhadledd i’r dyfodol