Pension Sub Committee & Pension Board 29 June 2026 | Dundee City Council

The Dundee City Council Pension Subcommittee and Pension Board met on June 29, 2026, to discuss various pension fund management issues. Key procurement-related discussions focused on resource constraints within the pension administration team, highlighting ongoing vacancies and the need for better staffing to meet statutory limits and improve performance. The committee reviewed the pension fund risk register, noting that increased risks were linked to resource shortages and internal audit findings by PricewaterhouseCoopers (PwC). There was also discussion about data quality and system limitations affecting pension record accuracy and compliance, with commitments to address these issues and improve software validation. The board noted delays in producing draft pension fund accounts due to staffing shortages but agreed on a revised submission timeline with external auditors. Additionally, the committee discussed the need to update the pension fund's Environmental, Social, and Governance (ESG) investment policy, which had not been revised since 2018, and considered future trustee training and seminars on evolving investment principles. No contract awards or specific procurement actions were reported, but resource allocation and system improvements were key themes affecting future pension fund administration.