Impact of Brexit on Scottish Public Pensions Agency (SPPA): FOI release

FOI reference: FOI/18/02621
Date received: 22 September 2018  
Date responded: 22 October 2018
 

Details on the SPPA’s process of planning and preparing for a possible future when the UK may not be a member of the European Union ("Brexit").

1. How much has been spent on external consultants or support to advise on the implications and consequences of Brexit, or recommend actions to mitigate any possible Brexit impacts? If spend has occurred, please confirm the name of the supplier or suppliers and copies of any material produced by this process.

2. Please supply copies of any Brexit planning documentation held by the organisation or consumed by senior management. This may include, but should not be limited to, Risk Assessments, Action Plans, Meeting minutes, Reports and presentations.  

3. Please supply technical or advisory briefing documentation on Brexit that has been produced by the organisation and supplied to other government agencies or bodies. 

4. Please supply copies of any technical or advisory documentation that has been supplied to the agency from other public bodies that relates to Brexit contingency planning.  

5. Please supply details of any assessment that has been made of the financial impact on the organisation, either positive or negative, of the Brexit process. Has the organisation set-aside a contingency fund or invested as a direct consequence of the Brexit process? If so, please provide summary details. 

Response

1. How much has been spent on external consultants or support to advise on the implications and consequences of Brexit, or recommend actions to mitigate any possible Brexit impacts? If spend has occurred, please confirm the name of the supplier or suppliers and copies of any material produced by this process.

To date, no costs have been incurred.

2. Please supply copies of any Brexit planning documentation held by the organisation or consumed by senior management. This may include, but should not be limited to, Risk Assessments, Action Plans, Meeting minutes, Reports and presentations. 

This is a formal notice under section 17(1) of FOISA that the Scottish Public Pensions Agency does not have the information you have requested.

The SPPA does not have the information you have requested because no planning documents  are held by SPPA or consumed by senior management. However, the need for scenario planning has been identified in the SPPA Strategic Plan.

3. Please supply technical or advisory briefing documentation on Brexit that has been produced by the organisation and supplied to other government agencies or bodies.

This is a formal notice under section 17(1) of FOISA that the Scottish Public Pensions Agency does not have the information you have requested.

The SPPA does not have the information you requested because no technical or advisory briefing documentation on Brexit has been produced by the SPPA and supplied to other government agencies or bodies.

4. Please supply copies of any technical or advisory documentation that has been supplied to the agency from other public bodies that relates to Brexit contingency planning. 

This is a formal notice under section 17(1) of FOISA that the Scottish Public Pensions Agency does not have the information you have requested.

The SPPA does not have the information you requested because no technical or advisory briefing documentation that has been supplied to the Agency from other public bodies that relates to Brexit contingency planning.

5. Please supply details of any assessment that has been made of the financial impact on the organisation, either positive or negative, of the Brexit process. Has the organisation set-aside a contingency fund or invested as a direct consequence of the Brexit process? If so, please provide summary details. 

As Scheme funding is guaranteed by HM Treasury, the impact of Brexit will not have an immediate effect on Scheme finances. In addition, whilst looking at a number of post Brexit scenarios, the Strategic Leadership Team of the SPPA concluded there was no need to allocate additional contingency funding for the Agency at this time.

About FOI
The Scottish Government is committed to publishing all information released in response to Freedom of Information requests. View all FOI responses at http://www.gov.scot/foi-responses