Agenda

Pension Board
Tuesday 21 November 2017 7.00 pm

Venue: Members Suite - 4th Floor, Brent Civic Centre, Engineers Way, Wembley, HA9 0FJ. View directions

Contact: Nikoleta Nikolova, Governance Officer  Email: nikoleta.nikolova@brent.gov.uk; 020 8937 1587

Items
No. Item

1.

Apologies for absence

2.

Declarations of 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.

3.

Minutes of the previous meeting pdf icon PDF 86 KB

To approve the minutes of the previous meeting as a correct record.

4.

Matters arising (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. 

Additional documents:

6.

Quarterly monitoring report on fund activity: Quarter to June 2017 pdf icon PDF 332 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.

7.

Update on the London CIV and the Fund's Investment Options pdf icon PDF 111 KB

The report provides an update on the London CIV and the timescales attached to making investments within it. 

8.

Pension Administration Service Update pdf icon PDF 140 KB

This report includes the LGPS pension scheme and other benefits for Brent Council pensionable employees as well as other scheduled and admitted bodies within the borough area.

Additional documents:

9.

Exclusion of Press and Public

To exclude the press and public during consideration of any confidential or exempt items by virtue of the appropriate category of exempt information as specified in the Local Government Act 1972.

10.

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.

11.

Date of next meeting

The next scheduled meeting of the Pension Board is on 6 February 2018.

12.

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.