Agenda

Pension Fund Sub-Committee - Tuesday, 24th November, 2020 7.00 pm

Venue: Online - Virtual Meeting. View directions

Contact: Amrita Gill  Email: amrita.gill@lbhf.gov.uk

Link: Watch the meeting live on YouTube

Items
No. Item

1.

Apologies for absence

2.

Roll Call and Declarations of interest

To confirm attendance, the Chair will perform a roll call. Members will

also have the opportunity to declare any interests.

 

If a Councillor has a disclosable pecuniary interest in a particular item, whether or not it is entered in the Authority’s register of interests, or any other significant interest which they consider should be declared in the public interest, they should declare the existence and, unless it is a sensitive interest as defined in the Member Code of Conduct, the nature of the interest at the commencement of the consideration of that item or as soon as it becomes apparent.

 

At meetings where members of the public are allowed to be in attendance and speak, any Councillor with a disclosable pecuniary interest or other significant interest may also make representations, give evidence or answer questions about the matter.  The Councillor must then withdraw immediately from the meeting before the matter is discussed and any vote taken.

 

Where Members of the public are not allowed to be in attendance and speak, then the Councillor with a disclosable pecuniary interest should withdraw from the meeting whilst the matter is under consideration. Councillors who have declared other significant interests should also withdraw from the meeting if they consider their continued participation in the matter would not be reasonable in the circumstances and may give rise to a perception of a conflict of interest.

 

Councillors are not obliged to withdraw from the meeting where a dispensation to that effect has been obtained from the Standards Committee.

3.

Minutes of the previous meeting pdf icon PDF 282 KB

To approve the minutes of the meeting held on 29th September 2020.

 

4.

Quarterly Update Pack pdf icon PDF 241 KB

 

This paper provides the Pensions Sub-Committee with a summary of the Pension Fund’s overall performance for the quarter ended 30 September 2020.

Additional documents:

5.

Ground rent and affordable housing pdf icon PDF 141 KB

 

This paper and associated appendix provides the Sub-Committee with more detailed information on two asset classes that the Sub-Committee agreed to take forward as potential replacements for the Fund’s inflation protection allocation.

6.

National LGPS Framework Member Access Agreements pdf icon PDF 130 KB

This paper provides the Pension Fund Sub-Committee with an update on the contracts of its actuarial and investment consultancy services which are due to expire at the end of the year.

 

7.

Consultant Review pdf icon PDF 223 KB

This paper provides the Pensions Sub-Committee with a performance review of the Pension Fund’s investment consultant, in line with the agreed set of aims and objectives.

 

Additional documents:

8.

Exclusion of the public and press

The Committee is invited to resolve, under Section 100A (4) of the Local Government Act 1972, that the public and press be excluded from the meeting during the consideration of the following items of business, on the grounds that they contain the likely disclosure of exempt information, as defined in paragraph 3 of Schedule 12A of the said Act, and that the public interest in maintaining the exemption currently outweighs the public interest in disclosing the information.

9.

Exempt Minutes of the previous meeting

To approve the exempt minutes of the meeting held on 29th September 2020.

10.

Quarterly Update Pack (Exempt)

This report contains the exempt elements of item 4.

 

11.

Ground rent and affordable housing (Exempt)

This report contains exempt elements of item 5.

12.

Pensions Administration Update - Report to follow