Agenda

Venue: Conference Hall - Brent Civic Centre, Engineers Way, Wembley, HA9 0FJ. View directions

Contact: Andrew Phillips, Governance Officer  Tel: 0208 937 4219; Email:  Andrew.Phillips@brent.gov.uk

Note: Due to the current limits on meeting venue capacity at the Civic Centre any press and public wishing to attend this meeting are encouraged to follow proceedings via the live webcast. The link to follow the meeting is available via the Livestreaming page on the Democracy in Brent section of the Council's website or link on the front page of the published meeting agenda. 

Items
No. Item

1.

Declarations of Interests

Members are invited to declare at this stage of the meeting, any relevant personal or discloseable pecuniary interests in any matter to be considered at this meeting.

2.

Minutes of the previous meeting pdf icon PDF 267 KB

To confirm and approve the minutes of the previous Sub Committee held on Thursday 24 June 2021 as an accurate record.

3.

Matters arising

4.

Deputations (if any)

5.

London Borough of Brent Pension Fund - Q2 2021 Investment Monitoring Report pdf icon PDF 2 MB

To receive the Brent Pension Fund Q2 2021 Investment Monitoring Report.

6.

Brent Pension Fund - Annual Report and Accounts 2020/21 pdf icon PDF 146 KB

To receive the draft Pension Fund Annual Report and audited Annual Accounts for the year ended 31 March 2021.

Additional documents:

7.

Net Zero Transition Roadmap pdf icon PDF 344 KB

 

This report presents a detailed framework setting out the practical steps to transition to net zero and to top-up the allocation to the Fund’s existing low carbon global equity mandate.

 

Additional documents:

8.

Property Allocation Report pdf icon PDF 159 KB

 

 

This report presents analysis and results of investment options for the Committee to consider and agree which fund to invest in. It provides an overview of the Fund’s strategic allocation to property, an introduction to the UK property market, a summary of four potential property funds, and recommendations for investment and implementation.

 

Additional documents:

9.

Minutes of Pension Board pdf icon PDF 260 KB

To note the minutes of the Pension Board held on Tuesday 27 July 2021.

10.

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.

11.

Exclusion of the Press and Public

The press and public will be excluded from the remainder of the meeting as the reports 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)"

12.

Employer Risk and Admission Agreements

 

 

The purpose of this report is to update the Committee on employer risk to the Brent Pension Fund and note the current position on admission agreements.

 

Additional documents:

13.

London CIV Update

To receive a report from the Director of Finance providing an on recent developments regarding Brent Pension Fund investments held within the London CIV (LCIV).

Additional documents: