Agenda

Venue: Virtual Meeting - Zoom - Public Access via YouTube https://www.youtube.com/bathnescouncil. View directions

Contact: Mark Durnford  01225 394458

Items
No. Item

1.

Welcome & Introductions

2.

APOLOGIES FOR ABSENCE AND SUBSTITUTIONS

3.

DECLARATIONS OF INTEREST

At this point in the meeting declarations of interest are received from Members in any of the agenda items under consideration at the meeting. Members are asked to complete the green interest forms circulated to groups in their pre-meetings (which will be announced at the Council Meeting) to indicate:

(a) The agenda item number in which they have an interest to declare.

(b) The nature of their interest.

(c) Whether their interest is a disclosable pecuniary interest or an other interest,  (as defined in Part 2, A and B of the Code of Conduct and Rules for Registration of Interests)

Any Member who needs to clarify any matters relating to the declaration of interests is recommended to seek advice from the Council’s Monitoring Officer or a member of his staff before the meeting to expedite dealing with the item during the meeting.

4.

TO ANNOUNCE ANY URGENT BUSINESS AGREED BY THE CHAIR

5.

ITEMS FROM THE PUBLIC - TO RECEIVE DEPUTATIONS, STATEMENTS, PETITIONS OR QUESTIONS

6.

ITEMS FROM COUNCILLORS AND CO-OPTED AND ADDED MEMBERS

To deal with any petitions or questions from Councillors and where appropriate co-opted and added members.

 

7.

MINUTES: 28th June 2021 pdf icon PDF 167 KB

8.

Pension Board Minutes: 21st September 2021

The minutes of the Pension Board will be circulated once approved.

9.

Equity Portfolio Review pdf icon PDF 122 KB

Additional documents:

10.

Annual Review of Risk Management Strategies pdf icon PDF 70 KB

The Risk Management Framework encompasses three dedicated risk management strategies and a passive equity fund for collateral management purposes, namely the Liability Driven Investment Strategy, Buy-and-Maintain Corporate Bond Portfolio and the Equity Protection Strategy. These strategies are linked to the funding strategy and de-risk the Fund by placing less reliance on growth assets to fund future pension benefits and to simultaneously protect the Fund’s current funding position.

Additional documents:

11.

Brunel Update pdf icon PDF 123 KB

This report updates the Committee about Brunel and the wider pool covering delivery of service, performance, and risk management aspects of the pool.

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12.

Investment Panel Activity pdf icon PDF 109 KB

The Investment Panel is responsible for addressing investment issues including the investment management arrangements and the performance of the investment managers. The Panel has delegated responsibilities from the Committee and may also make recommendations to Committee.

13.

Investment Performance pdf icon PDF 189 KB

This paper reports on the investment performance of the Fund and seeks to update the Committee on routine strategic aspects of the Fund’s investments and funding level; and policy and operational aspects of the Fund.

Additional documents:

14.

Update on Legislation pdf icon PDF 83 KB

The purpose of this report is to update the Pensions Committee on the latest position concerning the Local Government Pension Scheme [LGPS] and any proposed regulatory matters that could affect scheme administration.

Additional documents:

15.

Pension Fund Administration - Performance Indicators and Risk Register pdf icon PDF 132 KB

The purpose of this report is to present the Fund’s performance for the three months to 30th June 2021 against its key performance indicators (KPI’s) in relation to the administration of pension benefits. The report also addresses the Fund’s business operational position from an overall risk perspective.

 

Additional documents:

16.

Budget & Cash Flow Monitoring pdf icon PDF 116 KB

The purpose of this report is to inform the Committee of administration and management expenditure incurred against budget for the year to 31 July 2021.

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17.

Workplans pdf icon PDF 111 KB

Attached to this report is the work plan for the Committee and a separate one for the Investment Panel which set out provisional agendas for forthcoming meetings. The dates for future Committee and Panel meetings are also included.

 

Additional documents: