Agenda

Venue: Virtual

Contact: Joe Kwateng, Governance Officer  Email: joe.kwateng@brent.gov.uk; 020 8937 1354

Items
No. Item

1.

Apologies for absence

2.

Declarations of interests

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

3.

Minutes of the previous meeting - 3 November 2020 pdf icon PDF 247 KB

To approve the minutes of the previous meeting as a correct record.

4.

Matters arising

Pension Board Reports

5.

Pensions Administration Update pdf icon PDF 218 KB

This report updates the Pensions Board on various pensions administration matters as part of its remit to oversee the administration of the Brent Pension Fund.

 

I have added 2 appendices to this report.

 

Additional documents:

6.

Pension Board and Committee Training Strategy pdf icon PDF 524 KB

This training strategy of the Brent Pension Fund (“the Fund”) has been established to aid the Pension Committee, Pension Board and Officers to gain an understanding of their respective responsibilities. The training strategy sets out how these key individuals within the Fund will obtain and maintain the necessary knowledge and understanding in order to fulfil their role.

 

I have added an appendix to the main report.

Additional documents:

7.

LGPS Update pdf icon PDF 179 KB

The purpose of this report is to update the committee on recent developments within the LGPS regulatory environment and any recent consultations issued which have would have a significant impact on the Fund.

 

I have added 7 appendices including LGPS monthly bulletins to this report.

Additional documents:

8.

Brent Pension Board Terms of Reference and Conflicts of Interest policy pdf icon PDF 196 KB

This report presents a review of the Pension Board’s terms of reference and conflicts of interest policy.

 

I have attached 2 appendices to the main report.

Additional documents:

9.

Brent Risk Management Strategy Register pdf icon PDF 211 KB

This report presents the updated Risk Register for the Brent Pension Fund Pensions Administration Service.

 

I have added 2 appendices to the main report.

Additional documents:

Sub-Committee Reports

10.

London CIV Update pdf icon PDF 154 KB

 

The purpose of this report is to update the committee on recent developments within the London CIV (LCIV) regarding Responsible Investment and Engagement.

 

I have attached an appendix to the main report.

Additional documents:

11.

H2 2020 Investment Monitoring Report pdf icon PDF 2 MB

12.

Investment update pdf icon PDF 173 KB

The purpose of this report is to update the committee on the Fund’s investments.

 

I have attached 2 appendices to the main report one of which contains exempt information.

Additional documents:

13.

LAPFF Engagement Report pdf icon PDF 150 KB

This report is for noting and presents members with an update on the 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.

 

I have added an appendix to the main report.

Additional documents:

14.

Date of next meeting

The date of next meeting will be confirmed at the Annual Council Meeting (AGM) on 15th May 2021.

15.

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.

16.

Exclusion of 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)"

 

17.

London CIV Investment Review

The purpose of this report is to update the committee on recent developments regarding Brent Pension Fund investments held within the London CIV (LCIV).

 

I have added an appendix to the main report.

18.

Appendix to Investment Update