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: Add Vacancy to membership list 

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 90 KB

3.

Matters arising

4.

Deputations (if any)

5.

Brent Pension Fund's approach to Responsible Investment and Environmental, Social and Governance issues pdf icon PDF 138 KB

This report sets out the Fund’s proposed approach to further integrating Environmental, Social and Governance (ESG) considerations into its strategic decision making, in particular it sets out a new package of measures, subject to committee approval, the Fund intends to take in the short and medium term to manage the risk of climate change.

 

An appendix to the report is attached.

Additional documents:

6.

Investment Monitoring report on fund activity for the 2nd quarter pdf icon PDF 532 KB

This report updates members on the Fund’s activity for quarter 2, 2019.

7.

Brent Pension Fund: Annual Report and Accounts 2018/19 pdf icon PDF 88 KB

This report presents the draft Pension Fund Annual Report and audited Annual Accounts for the year ended 31 March 2019.

 

An appendix to the report is attached.

Additional documents:

8.

LGPS Update pdf icon PDF 96 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 which have would have a significant impact on the Fund.

 

Appendices 1-4 are attached to the main report.

Additional documents:

9.

Review of Fund benchmarks and performance targets pdf icon PDF 127 KB

The purpose of this report is to review the Fund’s investment benchmarks and performance targets at an individual asset class level.

 

An appendix to the main report is attached.

 

 

Additional documents:

10.

Minutes of Pension Board - 13 June 2019 pdf icon PDF 92 KB

11.

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.

12.

Exclusion of 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)".

13.

London CIV Update

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

 

Appendices 1 and 2 are attached to the main report.

14.

2019 Triennial Valuation

The purpose of this report is to update members on the progress of the 2019 Triennial Valuation and the next steps.  It also requests that members approve the draft FSS (Funding Strategy Statement) for consultation with employers and delegate authority to finalise the Council contribution rate.

 

An appendix to the report; draft FSS (Funding Strategy Statement) is attached.