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: ue 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.
No. | Item |
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Declarations of personal and prejudicial interests Members are invited to declare at this stage of the meeting, any relevant personal and discloseable pecuniary interests in any matter to be considered at this meeting. |
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Minutes of the previous meeting To confirm and approve the minutes of the previous Sub Committee held on Tuesday 5 October 2021 as an accurate record. |
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Matters arising |
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Deputations (if any) |
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London Borough of Brent Pension Fund - Q3 2021 Investment Monitoring Report To receive the Brent Pension Fund Q3 2021 Investment Monitoring Report. |
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Net Zero Transition Roadmap Update This report presents an update on progress against the Fund’s net zero transition roadmap.
Additional documents: |
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Actuarial Assumptions (Summary) This report provides an update on the 2022 valuation process, in particular on the key financial and demographic assumptions that drive the overall funding level and employer contribution rates.
Additional documents: |
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Pension Fund Annual Report 2020-21 This report presents the final version of the Pension Fund Annual Report for the year ended 31 March 2021, following the conclusion of the external audit.
Additional documents: |
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Procurement of Actuarial, Custodian and Investment Management Consultancy Services The purpose of this report is to summarise the outcome of the Actuarial Services tender and seek authority to procure a contract for Custodian Services and Investment Management Services.
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LAPFF engagement report This report is for noting and presents members with an update on engagement activity undertaken by LAPFF (the Local Authority Pension Fund Forum) on behalf of the Fund. The Fund’s commitment with LAPFF and its work demonstrates its commitment to Responsible Investment and engagement as a way to achieve its objectives. Additional documents: |
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Minutes of Pension Board To note the minutes of the Pension Board held on 2 November 2021. |
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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 her representative before the meeting in accordance with Standing Order 60. |
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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)" |
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Actuarial Assumptions (Full Report) This report provides the full update on the 2022 valuation process, in particular on the key financial and demographic assumptions that drive the overall funding level and employer contribution rates.
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London CIV Update To receive a report from the Director of Finance providing an update on recent developments regarding the Brent Pension Fund Investments held within the London CIV (LCIV). |