The Director of Pensions introduced the report to members. The purpose of the report was to provide Board Members with a copy of the Fund’s Risk Register. The changes were discussed; in particular the nature of cyber risks and the challenges of assessing the effectiveness of security measures in light of increasingly sophisticated attacks. Officers confirmed that this would continue to be a matter of active discussion with the Council’s IT team.

Resolved – That the Local Pension Board considered the changes to the risk register and noted the report.