Agenda

Pension Fund Committee - Tuesday, 23rd July, 2024 7.00 pm

Venue: 145 King Street (Ground Floor), Hammersmith, W6 9XY

Contact: Amrita White 

Items
No. Item

1.

Appointment of Vice Chair

2.

Appointment of Co-opted Members

The Committee is asked to appoint Michael Adam and Peter Parkin as non-voting co-opted members for the 2024/25 Municipal Year.

 

3.

Minutes of the previous meeting pdf icon PDF 304 KB

To approve the open and exempt minutes of the meeting held on 20th February 2024 as an accurate record.

 

This item includes appendices that contain exempt information. Discussion of the appendices will require passing the proposed resolution at the end of the agenda to exclude members of the public and press.

Additional documents:

4.

Draft minutes of the previous Pensions Board meeting pdf icon PDF 233 KB

To note the minutes of the Pensions Boad meeting held on 27th February 2024.

5.

Apologies for absence

6.

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.

7.

Aviva Investors Presentation pdf icon PDF 186 KB

This item provides the Pension Fund Committee with an opportunity to discuss the redemption process of the London Borough of Hammersmith and Fulham Pension Fund’s allocation to Aviva’s Infrastructure Income portfolio with the chief executive of the company. 

 

8.

Data Centres Opportunity pdf icon PDF 130 KB

The purpose of this item is to provide the Committee with an introduction and overview of an investment opportunity in property data centres.

 

 

Additional documents:

9.

Draft Pension Fund Statement of Accounts pdf icon PDF 105 KB

This report presents the draft Pension Fund Statement of Accounts for the year ended 31 March 2024.

 

Additional documents:

10.

Pension Fund Quarterly Update Q1 2024 pdf icon PDF 206 KB

This paper provides the Pension Fund Committee with a summary of the Pension Fund’s overall performance for the quarter ended 31 March 2024.

 

This item includes appendices that contain exempt information. Discussion of the appendices will require passing the proposed resolution at the end of the agenda to exclude members of the public and press.

 

 

 

Additional documents:

11.

Key Performance Indicators pdf icon PDF 113 KB

This paper sets out a summary of the performance of the Local Pension Partnership Administration (LPPA) in providing a pension administration service to the Hammersmith & Fulham Pension Fund. The Key Performance Indicators (KPIs) for the period January – March 2024 i.e., Quarter 4 (Q4), inclusive are shown in Appendix 1.

Additional documents:

12.

Pensions Administration Update pdf icon PDF 158 KB

The Pension Fund Committee is asked to approve the recommendation in respect of the increased budget for pension admission costs as detailed in Appendix 1 and note the contents of this report.

Additional documents:

13.

Fund Employer Cessations pdf icon PDF 60 KB

This paper sets out cessation activity for the Fund. There is also a recommendation of a decision to be made by the Committee with reference to Fund employers that have ceased in the Fund but have a surplus at the time that they are ceasing to be a participating employer in the Fund. The recommendation is that the surpluses are processed as detailed in exempt appendix 1.

 

 

This item includes appendices that contain exempt information. Discussion of the appendices will require passing the proposed resolution at the end of the agenda to exclude members of the public and press.

 

Additional documents:

14.

Exclusion of the public and press (if required)

Local Government Act 1972 - Access To Information

Proposed resolution:

 

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.