Agenda

Venue: Virtual

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 - 25 February 2020 pdf icon PDF 105 KB

3.

Matters arising

4.

Deputations

5.

Covid-19 Update pdf icon PDF 353 KB

 

 

The purpose of this report is to outline the impact of coronavirus (COVID-19) on the Brent Pension Fund.

 

Additional documents:

6.

Investment Management Report Q1 2020 pdf icon PDF 2 MB

This report from Hymans Robertson LLP (Investment Advisors) presents the Committee with the results of quarter 1 2020 of the Fund’s investment management.

7.

Low Carbon Equity Fund Investment pdf icon PDF 183 KB

As part of the investment strategy review carried out in Q1 2020, the Committee agreed to make an initial investment in a low-carbon equity fund, which will be funded by investing a proportion of the Fund’s excess cash holdings. This report presents analysis and results of investment options for the Committee to consider and agree which fund to invest in.

 

I have attached 2 exempt appendices to this report which are not for publication for reasons stated under item 12 below.

 

8.

Investment strategy: transition roadmap pdf icon PDF 159 KB

 

 

The purpose of this report is to detail the investment strategy transition roadmap prepared by the Fund’s investment advisors, Hymans Robertson.

 

I have attached an appendix to this report.

Additional documents:

9.

Brent Pension Fund: Draft Annual Accounts 2019/20 pdf icon PDF 155 KB

This report presents the draft Pension Fund Annual Accounts for the year ended 31 March 2020.

 

I have attached an appendix (Pension Fund Annual Accounts) to this report.

Additional documents:

10.

Minutes of Pension Board - 22 October 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 press and public will be excluded from the remainder of the meeting as the reports and appendices to be considered 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.

Appendices to Low Carbon Equity Fund Investment

Appendices 1 and 2 to the report on Low Carbon Equity Fund Investment (agenda item 7)

14.

London CIV Update

 

 

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

 

I have attached 3 exempt appendices to the report.