Meeting documents

1 THE ISSUE

1.1 This report sets out the workplan for the Panel to June 2010. The workplan is provisional as will respond to issues as they arise and instructions from the Committee.

1.2 The workplan will be updated for each Panel meeting.

2 RECOMMENDATION

2.1 That the Panel agrees the workplan to be recommended to the Committee.

3 FINANCIAL IMPLICATIONS

3.1 There are no financial implications arising from this report.

4 PROVISIONAL WORKPLAN

4.1 The provisional workplan is as follows:

4.2 The meeting on 26 February will be an all day meeting. There will be a presentation on active currency hedging and meetings with 2 managers to discuss performance / mandate / operational issues with each. The proposed managers are Royal London and Genesis (both actively managed portfolios).

4.3 The provisional meetings in April and May will serve to address the issues arising from the consideration of SRI and currency hedging and also incorporate a further `meet the managers' meeting.

4.4 The Panel's workplan will be included in the regular committee report setting out the committee's and pensions section workplans. This will enable the Committee to approve or alter the planned work of the Panel.

5 RISK MANAGEMENT

5.1 The Avon Pension Fund Committee is the formal decision-making body for the Fund. As such it has responsibility to ensure adequate risk management processes are in place. It discharges this responsibility by ensuring the Fund has an appropriate investment strategy and investment management structure in place that is regularly monitored. The creation of an Investment Panel further strengthens the governance of investment matters and contributes to reduced risk in these areas.

6 EQUALITIES

6.1 An equalities impact assessment is not necessary.

7 CONSULTATION

7.1 N/a

8 ISSUES TO CONSIDER IN REACHING THE DECISION

8.1 This report is for discussion.

9 ADVICE SOUGHT

9.1 The Council's Monitoring Officer (Council Solicitor) and Section 151 Officer (Director of Resources and Support Services) have had the opportunity to input to this report and have cleared it for publication.