Agenda

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

To approve the minutes of the previous meeting held on 05 October 2022 as a correct record.

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

This report presents the analysis and results of the investment review carried out by Hymans Robertson. The review follows on from the 2020 strategic investment review and the Fund’s 2022 Actuarial Valuation.

To receive the Brent Pension Fund H2 2022-23 Investment Monitoring Report.

This report updates the committee on the London CIV UK Housing Fund and the Product Assurance Review conducted by the Fund's investment advisors.

This report sets out the results of 2022 triennial actuarial valuation and the Funding Strategy Statement (FSS) to the Committee for consideration and approval.

This report summarises the outcome of the Investment Management Services tender.

To note the minutes of the Pension Board meeting held on 09 November 2022.

The following items are not for publication as they relate to the category of exempt information set out below, as specified under Part 1, Schedule 12A of the Local Government Act 1972: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:        Investment Strategy Review – Appendix 2 (Investment Strategy Review 2023 (Appendix 7) – Low Carbon Equities)

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 8:        Housing Allocation Review – Appendix 1 (Product Assurance Review – LCIV UK Housing Fund).

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 9:        2022 Triennial Valuation Results & Funding Strategy Statement – Appendix 5 (Rates & Adjustment Certificate).

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 outlines the funding position and the process for an employer’s exit from the Fund.

Notice of items to be raised under this heading must be given in writing to the Head of Executive and Member Services or their representative before the meeting in accordance with Standing Order 60.