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 Committee are asked to note the draft minutes of the Pension Board which met on 4^th March 2025.

At its December 2024 meeting the Pension Committee received 8 petitions demanding that APF divest from Aerospace & Defence (A&D) companies which supply Israel and from other companies which operate in Israel and its occupied territories. This paper does not recommend any particular course of action as it is a political and moral decision. Instead, it lays out the context, facts and trade- offs which the Committee should consider in coming to its conclusion.

The purpose of this report is to present the Fund’s administration performance for the period up to and including 31st January 2025 vs key performance indicators (KPI’s).

The purpose of this report is to present to Committee the 3-year plan and budget for the period 2025-28. 

The Committee is asked to approve the Fund’s Treasury Management policy each year. It was last approved in March 2024. The policy closely mirrors the Council’s policy set out in the Councils’ Annual Treasury Management Strategy.

The government has consulted on changes to the pooling arrangements for the LGPS funds. This paper is an update for Committee.

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

Attached to this report is the workplan for the Committee at Appendix 1 and the provisional training programme for 2024/25 is included at Appendix 2.

The Committee will receive a verbal update on this matter from the Group Manager for Funding, Investment & Risk.