Agenda

Venue: Virtual

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 - 5th August 2020 pdf icon PDF 110 KB

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

4.

Matters arising (if any)

5.

Pension Fund Administration Update pdf icon PDF 194 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.

 

Additional documents:

6.

Actuarial Update: COVID-19 and Regulatory Changes pdf icon PDF 269 KB

The purpose of this report is to assist the Pension Sub-Committee to understand the nature and impact of several recent changes to Regulations on the Fund as well as recent market movements.

 

I have attached an appendix to the main report.

 

Additional documents:

7.

Brent Risk Register pdf icon PDF 211 KB

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

 

I have attached 2 appendices to the report.

Additional documents:

8.

Investment Monitoring report 2020, Q2 pdf icon PDF 2 MB

This report by Hymans Robertson sets out the investment monitoring for quarter 2, 2020.

9.

Investment Strategy: Transition Roadmap pdf icon PDF 164 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 2 appendices to the main report.

Additional documents:

10.

Competitive Markets Authority (CMA) Objectives pdf icon PDF 160 KB

The purpose of this report is to the outline proposed approach to be taken by the Fund in relation to the assessment of Hymans Robertson against CMA objectives set in 2019.

 

I have attached an appendix to the main report.

Additional documents:

11.

Brent Pension Fund: Annual Report and Accounts 2019-2020 pdf icon PDF 158 KB

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

 

I have attached an appendix to the main report.

Additional documents:

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 60.

13.

Exclusion of Press and Public

The press and public will be excluded from the remainder of the meeting as the report to be considered 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)."

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 appendices to the main report.