Agenda and draft minutes

Venue: Kaposvar Room - Guildhall, Bath. View directions

Contact: Sean O'Neill  01225 395090

Items
No. Item

10.

EMERGENCY EVACUATION PROCEDURE

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

 

Minutes:

The Democratic Services Officer advised the meeting of the procedure.

11.

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.

12.

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:

Apologies were received from Shirley Marsh and Cllr Rob Appleyard.

13.

TO ANNOUNCE ANY URGENT BUSINESS AGREED BY THE CHAIR

Minutes:

The Chair welcomed Paul Scott, the new Independent Member, to his first meeting of the Panel.

 

The Investment Manager reported that the process of asking the staff of all member funds whether they would be interesting in transferring to the Brunel Pensions Partnership had been completed, and staff in the Avon Fund had been offered positions in BPP.

14.

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

Minutes:

There were none.

15.

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:

There were none.

16.

MINUTES: 24TH MAY 2017 pdf icon PDF 50 KB

Minutes:

The Minutes of the 24th May 2017 were approved as a correct record and signed by the Chair.

17.

PROPOSAL FOR EQUITY RISK MANAGEMENT STRATEGY pdf icon PDF 21 KB

Additional documents:

Minutes:

The Panel, having been satisfied that the public interest would be better served by not disclosing relevant information, RESOLVED, in accordance with the provisions of section 100(A)(4) of the Local Government Act 1972 that the public should be excluded from the meeting for this item of business, because of the likely disclosure of exempt information as defined in paragraph 3 of Part I of Schedule 12A of the Act as amended.

 

The Assistant Investments Manager introduced the item.

 

The Mercer team commented on their report.

 

The Panel debated the options with advice from Officers and the Investment Consultants.

 

After discussion the Panel RESOLVED to agree the option which they considered best achieved the Fund’s objective, and delegated its implementation to Officers in consultation with the Investment Consultant, subject to the Panel being consulted if the Fund’s advisors suggest strategic changes before expiry.

18.

REVIEW OF INVESTMENT PERFORMANCE FOR PERIODS ENDING 30 JUNE 2017 pdf icon PDF 71 KB

Additional documents:

Minutes:

The Panel returned to open session.

 

The Assistant Investments Manager introduced this item and summarised the key information.

 

Mr Turner presented the Mercer performance monitoring report and commented on the manager monitoring performance information on page 23 of the report (agenda page 78).

 

The Panel, having been satisfied that the public interest would be better served by not disclosing relevant information, RESOLVED, in accordance with the provisions of Section 100(A)(4) of the Local Government Act 1972, that the public should be excluded from the meeting for the report on Exempt Appendix 6, because of the likely disclosure of exempt information as defined in paragraph 3 of Part I of Schedule 12A of the Act as amended.

 

The Investment Manager presented Exempt Appendix 6.

 

The Panel returned to open session.

 

RESOLVED:

 

1.  To note the information as set out in the reports.

 

2.  That there were no issues to be notified to the Committee.

 

19.

WORKPLAN pdf icon PDF 70 KB

Minutes:

RESOLVED to note the workplan.