Agenda

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

Contact: Joe Kwateng, Governance Officer  Email: joe.kwateng@brent.gov.uk; 020 8937 1354

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 - 13 March 2019 pdf icon PDF 111 KB

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

4.

Matters arising

5.

Pension Board Annual Report pdf icon PDF 97 KB

This report provides a summary of the work carried out by the Council’s Pensions Board. This report covers the period from the Boards meeting in July 2018 to the end of the 2018/19 Municipal Year. It presents details of the Board’s members, training and items covered during the Board’s three meetings during the year. It also raises a number of items the Board wishes to draw to the Councils attention

6.

Pensions Administration Update pdf icon PDF 141 KB

This report updates the Pensions Board on various pensions administration matters as part of its remit to oversee the administration of the Brent Pension Fund.

 

I have attached appendices 1-4 to the main report.

Additional documents:

7.

LGPS update pdf icon PDF 91 KB

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

 

Appendices 1 and 6 are attached to the main report

Additional documents:

8.

Risk Register pdf icon PDF 73 KB

This report presents the current Risk Register for the Brent Pension Fund Pensions Administration Service.

 

I have attached an appendix to the main report.

Additional documents:

9.

Membership of the Local Authority Pension Fund Forum pdf icon PDF 111 KB

The purpose of this report is to consider if the Fund should become a member of the Local Authority Pension Fund Forum.

 

10.

Investment Monitoring Q1 2019 pdf icon PDF 827 KB

This report sets out the performance of the Fund in the first quarter of 2019.

 

11.

Draft Annual Report and Accounts 2018/19 pdf icon PDF 87 KB

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

 

I have produced the accounts separately as a supplementary pack.

Additional documents:

12.

Update on the 2019 Triennial Valuation pdf icon PDF 97 KB

The purpose of this report is to update the committee on the 2019 Pension Fund Valuation

13.

Review of Additional Voluntary Contributions pdf icon PDF 94 KB

The purpose of this report is to review and recommend changes to current arrangements for Additional Voluntary Contributions (AVCs) which are provided in addition to the main Local Government Pension Scheme.

 

Appendix 1 is excluded from the press and public and restricted to members.

 

14.

Date of next meeting

The next scheduled meeting of the Board is on Tuesday 22nd October 2019.

15.

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.

16.

Exclusion of Press and Public

The following reports are not for publication as they contain the following categories of exempt information as specified under paragraph 3, Part 1 of Schedule 12A of the Local Government Access to Information Act 1972, namely:

 

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

 

17.       London CIV Update on Investment matters.

18.       Appendix to the Review of Additional Voluntary Contributions

17.

London CIV Update on Investment matters

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

 

I have attached appendices 1-3 to the main report.

18.

Appendix 1 of the Review of Additional Voluntary Contributions