Agenda

The Chair will ask the Committee Administrator to draw attention to the emergency evacuation procedure as set out under Note 5.

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 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 4.4 Appendix 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 Officeror a member of his staff before the meeting to expedite dealing with the item during the meeting.

The government is consulting the LGPS on further changes to how our investment assets are managed. The proposals embed pooling and extends the role of the FCA regulated pool company in managing our assets.

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, notable Responsible Investment developments and operational aspects of the Fund.

The Committee reviews the strategies annually to assess whether they continue to meet the Fund’s strategic objectives. The annual review also considers any financial implications on the wider portfolio, specifically in terms of collateral requirements.

Local Government Pension Scheme Regulations 2013 require the Fund to carry out an actuarial valuation every three years, the next is due as at 31 March 2025. Between these mandatory valuations, the Fund periodically requests interim valuations to assess whether the funding strategy is on track and to begin the discussions with the actuary, committee and employers about the 2025 valuation.

The purpose of this report is to present the Fund’s administration performance for the period up to and including 17^th November 2024 vs key performance indicators (KPI’s).

The purpose of this report is to update the Committee with the quarterly review of the risk register.

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