Agenda and draft minutes

Venue: Conference Room 1.1 West, Civic Centre, Keynsham - Civic Centre, Keynsham. View directions

Contact: Sean O'Neill  01225 395090

Items
No. Item

1.

EMERGENCY EVACUATION PROCEDURE

The Chair will draw attention to the emergency evacuation procedure as set out under Note 9.

 

Minutes:

The Senior Democratic Services Officer drew attention to the evacuation procedure as set out in the Agenda.

2.

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.

Minutes:

There were none.

3.

APOLOGIES FOR ABSENCE AND SUBSTITUTIONS

To receive any declarations from Members of the Committee and Officers of personal/prejudicial interests in respect of matters for consideration at this meeting, together with their statements on the nature of any such interest declared.

 

Minutes:

Councillor Cherry Beath, Shirley Marsh and Tony Bartlett had sent their apologies for this meeting.

4.

TO ANNOUNCE ANY URGENT BUSINESS AGREED BY THE CHAIR

Minutes:

There was none.

5.

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

Minutes:

There were none.

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.

 

Minutes:

The Chair invited the Avon Pension Fund Committee (Investment Panel) to join him in sending condolences to families and friends of the victims of the Manchester bomb attack.

7.

MINUTES 22nd February 2017 pdf icon PDF 54 KB

Minutes:

RESOLVED that public and exempt sets of minutes of the meeting held on Wednesday 22nd February 2017 be confirmed as correct records and signed by the Chair.

8.

Review Of Investment Performance For Periods Ending 31 March 2017 pdf icon PDF 73 KB

Additional documents:

Minutes:

The Assistant Investments Manager introduced this item and summarised the key facts as set out in sections 4 and 5 of the report. 

 

Steve Turner (Mercer) introduced the investment performance report including the performance of individual investment managers.  Members of the Panel discussed the report, and performance of all investment managers with Steve Turner and officers.

 

The Panel asked about the future of the Avon Pension Fund’s investment managers once the Fund’s assets are pooled into Project Brunel.  The Investment Manager responded that Project Brunel would use their selection criteria and potentially deliver savings based upon the collective buying power the collaboration initiative would produce.  Local accountability would be maintained as each individual fund would remain responsible for strategic decisions including asset allocation. The pooling of assets would only affect the implementation of the investment strategy.

 

 

It was RESOLVED to note the information as set out in the report.

9.

Workplan pdf icon PDF 70 KB

Minutes:

The Investment Manager presented the report and highlighted that future Panel activity will focus on the outcomes of the Strategic Investment Review.

 

RESOLVED to note the workplan.