Agenda

Venue: Council Chamber - Guildhall, Bath. View directions

Contact: Mark Durnford  01225 394458

Items
No. Item

1.

EMERGENCY EVACUATION PROCEDURE

The Chair will ask the Committee Administrator to draw attention to the emergency evacuation procedure as set out under Note 8.

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 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: 24th June 2022 pdf icon PDF 441 KB

Additional documents:

8.

FUNDING STRATEGY STATEMENT 2022 pdf icon PDF 407 KB

The Local Government Pension Scheme (LGPS) regulations require each administering authority to prepare and publish a Funding Strategy Statement (FSS). The Committee approved a draft FSS at its meeting on 24 June 2022 which has been circulated to the employing bodies for comment. An updated draft FSS is attached as Appendix 1 which, after consideration by Fund Officers and the Actuary, takes into account the comments received from the employing bodies following the consultation period.

Additional documents:

9.

ANNUAL EMPLOYER AND COVENANT UPDATE pdf icon PDF 353 KB

This report provides the Committee with a summary of the employer base of the Fund, changes, current issues and covenant work. This is to be considered in the context of employer risk.

 

Additional documents:

10.

Brunel Presentation - Responsible Investing

The Committee will receive a presentation on this item at the meeting.

11.

Annual Responsible Investing Report pdf icon PDF 223 KB

This year the report covers periods to March 2022. Significant RI work has been undertaken over the year including the implementation of the asset allocation changes agreed as part of the Fund’s 2021 equity review and the adoption of two new interim decarbonisation targets as part of the Fund’s climate policy.

Additional documents:

12.

INVESTMENT STRATEGY AND BRUNEL UPDATE (for periods ending 30 June 2022) pdf icon PDF 282 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, policy and operational aspects of the Fund.

Additional documents:

13.

Update on Legislation pdf icon PDF 241 KB

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

14.

Work Plans pdf icon PDF 157 KB

Attached to this report is the work plan for the Committee (Appendix 1) and a separate one for the Investment Panel (Appendix 2) which set out provisional agendas for forthcoming meetings.  The dates for future Committee and Panel meetings are also included.

 

Additional documents: