Agenda

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.

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

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

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

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.

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.

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

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.

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)"

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.

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).