Agenda

Brent Pension Fund Sub-Committee
Tuesday 7 November 2017 7.00 pm

Venue: Boardrooms 7&8 - Brent Civic Centre, Engineers Way, Wembley HA9 0FJ. View directions

Contact: Joe Kwateng, Governance Officer  0208 937 1354; Email: joe.kwateng@brent.gov.uk

Items
No. Item

1.

Declarations of personal and prejudicial interests

Members are invited to declare at this stage of the meeting, any relevant personal and prejudicial interests and discloseable pecuniary interests in any matter to be considered at this meeting.

2.

Minutes of the previous meeting pdf icon PDF 86 KB

3.

Matters arising

4.

Deputations (if any)

5.

Implementation of the Markets in Financial Instruments Derivative (MiFID II) pdf icon PDF 93 KB

This report outlines the impact of the implementation of the Markets in Financial Instrument Directive 2014/65 (“MiFID II”) and in particular the risk to the administering authority of becoming a retail client on 3rd January 2018 and recommends that the committee agree that elections for professional client status should be made on behalf of the authority immediately.

 

I have attached appendices 1-5 to the main report.

Additional documents:

6.

Brent Pension Fund: Annual Report and Accounts 2016/17 pdf icon PDF 92 KB

This report presents the audited Pension Fund Annual Report and Annual Accounts for the year ended 31 March 2017.

Additional documents:

7.

Monitoring report on fund activity for the quarter ended June 2017 pdf icon PDF 334 KB

This report provides a summary of the Fund’s activity during the quarter ended 30 June 2017.  It examines the economic and market background, and investment performance, as well as commenting on events in the quarter.

 

8.

Update on the London CIV and the fund's investment options pdf icon PDF 111 KB

This is an update on the London CIV and the timescales attached to making investments within it.  In light of the investment options available, scrutiny of the Fund’s current investment strategy and asset allocation is also provided.

 

I have attached an appendix A to the main report.

Additional documents:

9.

Minutes of Pension Board pdf icon PDF 86 KB

10.

Any other urgent business

Notice of items to be raised under this heading must be given in writing to the Head of Executive and Member Services or his representative before the meeting in accordance with Standing Order 64.

11.

Exclusion of press and public

The following item is not for publication as it relates to the following category  of exempt information as specified in the Local Government Act 1972 namely:

 

“Information relating to the financial or business affairs of any particular person (including the authority holding that information)"

12.

Final cessation valuation

This report updates the committee on the outcome of an employer ceasing to be an employing authority in the Brent Pension Fund.