Agenda

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.

This report provides a summary of the Fund’s activity during the quarter ended 31 December 2016 and examines the economic and market background, and investment performance, as well as commenting on events in the quarter.

This report notes the Council’s approved asset allocation strategy and investment overview, particularly in relation to the London Collective Investment Vehicle (CIV).

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.

The following items are not for publication as they relate to the following category of exempt information as specified in the Local Government Act 1972 namely:

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

This is the investment Strategy Statement (“ISS”) of the Brent Pension Fund (The Fund) and administered by Brent Council (The Administering Authority).

This report includes the draft Investment Strategy Statement (ISS), the proposed contribution rates for Brent Council and a request to finalise the FSS in consultation with all admitted bodies.  The latter would normally have come for approval but issues with the data quality of smaller bodies and contractor performance caused large delays.