Agenda

Venue: Board Room 2 - Brent Civic Centre, Engineers Way, Wembley HA9 0FJ. View directions

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

Note: Training session starts at 6.00pm 

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 95 KB

3.

Matters arising

4.

Deputations

5.

LAPPF Presentation PPTX 1 MB

6.

Abatement of Local Government Pension on re-employment pdf icon PDF 99 KB

This report provides the Committee with information regarding the reduction or suspension of a Local Government Pension on account of further employment within Local Government after an individual has retired (Abatement).  The report also explains the background to the “Abatement” rules and the current statutory provisions for doing so.

Additional documents:

7.

Review of Investment Strategy pdf icon PDF 88 KB

This report presents the analysis and results of the investment review carried out by Hymans Robertson. This review follows on from the 2018 strategic investment review and the Fund’s 2019 Actuarial Valuation. The purpose of the review was to review the current investment strategy and analyse the ability of alternative strategies to meet the Fund’s strategic objectives.

Additional documents:

8.

Update on Responsible Investment, Climate Change Risk and Environmental, Social and Governance (ESG) issues pdf icon PDF 188 KB

This report provides an update on Environmental, Social and Governance (ESG) considerations with regards to strategic investment decisions, in particular how the fund is continuing to manage the risks of climate change.

 

An appendix to this report is excluded from the press and public as it contains the following category of exempt information as specified in Paragraph 3, Schedule 12A of the Local Government Act 1972, namely: “Information relating to the financial or business affairs of any particular person (including the authority holding that information)"

Additional documents:

9.

Monitoring report on fund activity for the 4th quarter 2019 pdf icon PDF 1 MB

This report presents information about the performance of the Fund in quarter 4 2019.

10.

LGPS Update pdf icon PDF 103 KB

The purpose of this report is to update the Committee on recent developments within the LGPS regulatory environment and any recent consultations issued by the Ministry of Housing, Communities and Local Government (MHCLG) which have would have a significant impact on the Fund.

Additional documents:

11.

2019 Triennial Valuation Results pdf icon PDF 98 KB

This report sets out the results of 2019 triennial actuarial valuation and the Funding Strategy Statement (FSS) to the Committee for consideration and approval.

Appendices 1-3 are exempt from the press and public as they contain the following category of exempt information as specified in Paragraph 3, Schedule 12A of the Local Government Act 1972, namely: “Information relating to the financial or business affairs of any particular person (including the authority holding that information)"

Additional documents:

12.

Minutes of Pension Board 22 October 2019 pdf icon PDF 93 KB

13.

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 60.

14.

Exclusion from the Press and Public

The following reports are excluded from the press and public as they contain the following category of exempt information as specified in Paragraph 3, Schedule 12A of the Local Government Act 1972, namely:

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

 

 

15.

Appendices to Valuation

16.

Appendix 3 - Update on ESG

17.

CIV Update

The purpose of this report is to update the committee on recent developments within the London CIV (LCIV).