Agenda

Venue: This is being held as an online virtual meeting

Contact: Andrew Phillips, Governance Officer  Email: Andrew.Phillips@brent.gov.uk; 020 8937 4219

Note: The press and public are welcome to attend the open part of the Board as an online virtual meeting. The link to view proceedings live can be accessed via the Live Streaming section on the Democracy in Brent page on the Council's website or through the link included on the agenda front sheet. 

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 pdf icon PDF 246 KB

To approve the minutes of the previous Board meeting held on Tuesday 23 March 2021 as a correct record.

4.

Matters arising (if any)

Board Reports

5.

Chair's Annual Report pdf icon PDF 193 KB

This report provides a summary of the work carried out by the Council’s Pensions Board during the 2020/21 Municipal Year.

6.

Pensions Administration Update pdf icon PDF 216 KB

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

Additional documents:

7.

Revised Brent Pension Fund Pensions Administration Strategy pdf icon PDF 218 KB

This report presents the revised Pensions Administration Strategy for the Brent Pension Fund.

Additional documents:

8.

LGPS Update pdf icon PDF 192 KB

The purpose of this report is to update the Board on recent developments within the LGPS regulatory environment and any recent consultations issued by the Ministry of Housing, Communities and Local Government (MHCLG) with a significant impact on the Fund.

Additional documents:

9.

Pension Fund Risk Register pdf icon PDF 213 KB

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

Additional documents:

Reports Referred Sub-Committee

10.

London Borough of Brent Pension Fund - Q1 2021 Investment Monitoring Report pdf icon PDF 2 MB

To receive the Brent Pension Fund Q1 2021 Investment Monitoring Report.

11.

London Borough of Brent Pension Fund - Funding Issues Update pdf icon PDF 201 KB

To receive an update from Hymans Robertson on funding issues which have arisen in relation to the Brent Pension Fund since the formal valuation and key issues for the remainder of the Fund year 2021-22.

12.

Brent Pension Fund: Draft Annual Accounts 2020-21 pdf icon PDF 144 KB

To receive a report from the Director of Finance presenting the draft Pension Fund Annual Accounts for the year ended 31 March 2021 and the draft Investment Strategy Statement (ISS).

Additional documents:

13.

Actuarial Services Procurement pdf icon PDF 29 KB

To receive a report from the Director of Finance detailing the proposed procurement process to be adopted in relation to the contract for actuarial advice, when the current contract expires on 30 September 2021.

14.

Local Authority Pension Fund Forum (LAPFF) Engagement Report pdf icon PDF 154 KB

To receive a report from the Director of Finance providing an update on the engagement activity undertaken by LAPFF (the Local Authority Pension Fund Forum) on behalf of the Fund.

Additional documents:

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 her representative before the meeting in accordance with Standing Order 60.

16.

Date of next meeting

To note the following dates scheduled for future meetings of the Board in 2021/22:

 

·                Tuesday 2 November 2021 at 6pm

 

·                Monday 24 March 2022 at 6pm

17.

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)"

18.

Deferred Debt Arrangement

To receive a report from the Director of Finance regarding approval for a Deferred Debt Agreement.

19.

London CIV Investment Update

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).

Additional documents: