Agenda

Pension Fund Committee - Monday, 20th September, 2021 7.00 pm

Venue: Main Hall (1st Floor) - 3 Shortlands, Hammersmith, W6 8DA. View directions

Contact: Amrita White  Tel: 07776672845

Link: Watch the meeting live on YouTube

Items
No. Item

1.

Apologies for absence

2.

Declarations of interest

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 249 KB

To approve the minutes of the meeting held on the 21st July 2021.

 

This item includes an appendix which contains information exempt within the meaning of Schedule 12A to the Local Government Act 1972 and is not for publication.

 

The appendix has been circulated to Committee members only. Any discussion on the contents of an exempt appendix will require the Committee to pass the proposed resolution at the end of the agenda to exclude members of the public and press from the proceedings for that discussion

Additional documents:

4.

Draft Minutes of the Previous Pension Board Meeting pdf icon PDF 338 KB

Draft minutes of the Pensions Board meetings held on the, 9th June 2021 (for information)

5.

Manager appointment: Leisure Development Fund pdf icon PDF 137 KB

This paper refreshes the Committee with information on a niche alternative asset class in Leisure Development. A presentation will be provided by Darwin Alternatives (Darwin), a leading asset manager in this field, and with an established foothold in the Local Government Pension Scheme (LGPS) with a view to making an investment allocation. 

 

6.

Log of Recommendations Update pdf icon PDF 126 KB

This paper provides the Pension Fund Committee with a progress log of the recommendations that came from that review, and results achieved to date on them.

 

Additional documents:

7.

Quarterly Update Pack pdf icon PDF 371 KB

This paper provides the Pension Fund Committee with summary of the Pension Fund’s overall performance for the quarter ended 30 June 2021.

This item includes an appendix which contains information exempt within the meaning of Schedule 12A to the Local Government Act 1972 and is not for publication. The appendix has been circulated to the Committee members only.

Any discussion on the contents of an exempt appendix will require the Committee to pass the proposed resolution at the end of the agenda to exclude members of the public and press from the proceedings for that discussion

 

Additional documents:

8.

Update on the LGPS Pension Administration Service pdf icon PDF 131 KB

This report follows up on update reports presented previously to the Pension Fund Sub-committee on the actions agreed by the Committee on 3 February 2021 to appoint Local Pension Partnerships Administration (LPPA) to provide the Pension Administration service from 24 January 2022.

9.

Pension Fund Data Quality pdf icon PDF 90 KB

This paper sets out a summary of the data quality issues for the London Borough of Hammersmith & Fulham Pension Fund and the mitigations the pension manager is taking on behalf of the Fund to improve these.

10.

Pension Administration Performance Update pdf icon PDF 84 KB

This paper sets out a summary of the performance of Surrey County Council (SCC) in providing a pension administration service to the Fund. The Key Performance Indicators (KPI’s) for the period January 2021 – July 2021 inclusive are shown in the Appendix 1.

 

Additional documents:

11.

Exempt Discussion (If required)

LOCAL GOVERNMENT ACT 1972 – ACCESS TO INFORMATION

 

Proposed resolution: 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