Agenda

Venue: Council Chamber - Guildhall, Bath. View directions

Contact: Mark Durnford  01225 394458

Items
No. Item

1.

EMERGENCY EVACUATION PROCEDURE

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

 

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 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.

 

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.

 

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: 30th September 2022 (Public & Exempt) pdf icon PDF 222 KB

Additional documents:

8.

Brunel Presentation - Climate Solutions and Sustainable Infrastructure pdf icon PDF 128 KB

As part of its overarching 5% allocation to renewable infrastructure the Fund has made a £55m allocation to Brunel’s Cycle 3 Infrastructure Portfolio. Brunel will discuss about the types of opportunities they are targeting as part of this latest cycle.

 

Additional documents:

9.

Strategic Investment Review pdf icon PDF 165 KB

A review of the investment strategy is being undertaken alongside the 2022 triennial valuation. The Committee will discuss the possible changes to the strategy in a committee workshop in 1Q23 and the revised strategy will be agreed at the Committee meeting in March 2023.

Additional documents:

10.

Cashflow and Liquidity Analysis pdf icon PDF 146 KB

Each valuation a revised cashflow profile is generated for the Fund. This profile shows the net cashflow of contributions paid in less benefits paid. It is determined by the benefits structure, membership data and actuarial assumptions. Mercer have analysed the cashflow profile of the Fund using the 2022 valuation data.

 

Additional documents:

11.

Risk Management Framework: Paris-aligned Equity Solution pdf icon PDF 119 KB

Additional documents:

12.

Review of Investment Performance for Periods Ending 30 September 2022 pdf icon PDF 277 KB

This paper reports on the performance of the Brunel and legacy portfolios and seeks to update the Panel on routine aspects of the Fund’s investments. The report contains performance statistics for periods ending 30 September 2022.

Additional documents:

13.

Risk Management Framework Review for Periods Ending 30 September 2022 pdf icon PDF 224 KB

The Funding and Risk Management Group (FRMG) is responsible for agreeing the operational aspects relating to the Fund’s Risk Management Framework (RMF) thereby ensuring that strategic objectives continue to be met. This report informs Panel of issues considered and decisions made by FRMG as well as any recommendations.

Additional documents:

14.

Forward Agenda pdf icon PDF 132 KB

This report sets out the forward agenda for the Panel for 2022/23. It is provisional as the Panel will respond to issues as they arise and as work is delegated from the Committee.