Agenda

Members are invited to declare at this stage of the meeting, any relevant disclosable pecuniary or personal interests in the items on the agenda and to specify the item(s) to which they relate.

To approve the minutes of the previous meeting held on Wednesday 19 February 2025 as a correct record.

To consider any matters arising from the minutes of the previous meeting.

Min 5: Deputation: Update on Pension Fund approach towards Responsible Investment

To receive the Brent Pension Fund  Q1 2025-26 Investment Monitoring Update Report.

The purpose of this report is to update the committee on the outcome of the Government’s Fit for the Future consultation.

This report presents the draft Pension Fund Annual Accounts for the year ended 31 March 2025.

To present members with an update on engagement activity undertaken by the Local Authority Pension Fund Forum (LAPFF) on behalf of the Fund.

This report provides an update on provision and member progress against of the LGPS online learning facility.

The purpose of this report is to update the committee on the 2025 Triennial Valuation and to introduce the report from the Fund Actuaries (Hymans Robertson) on the key assumptions.

To note the draft minutes of the Pension Board meeting held on Monday 24 March 2025.

Notice of items to be raised under this heading must be given in writing to the Deputy Director Democratic & Corporate Governance or their representative before the meeting in accordance with Standing Order 60.

The following items are not for publication as they relate to the category of exempt information set out below, as specified under Part 1, Schedule 12A of the Local Government Act 1972:

Agenda Item 6:     Q1 2025-26 Investment Monitoring Report – Appendix 2: Fund Manager performance ratings.

                            This appendix has been classified as exempt under Paragraph 3 of Part 1 Schedule 12A of the Local Government Act 1972, namely: “Information relating to the financial or business affairs of and particular person (including the authority holding that information).”

Agenda Item 11:   2025 Triennial Valuation – Appendix 2: Detailed Assumptions Advice

                            This appendix has been classified as exempt under Paragraph 3 of Part 1 Schedule 12A of the Local Government Act 1972, namely: “Information relating to the financial or business affairs of and particular person (including the authority holding that information).”

The press and public will be excluded from the remainder of the meeting as the report(s) 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)"

This report provides an update on recent developments regarding Brent’s Pension Fund investments held with the London CIV.