Agenda

Venue: This will be run as a 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 discloseable pecuniary interests in any matter to be considered at this meeting.

3.

Minutes of the previous meeting pdf icon PDF 260 KB

4.

Matters arising (if any)

Board Reports

5.

Pensions Administration Update pdf icon PDF 260 KB

To update the Pension Board on various pensions administration matters as part of its remit to oversee the administration of the Brent Pension Fund. 

 

Additional documents:

6.

LGPS Update pdf icon PDF 148 KB

To update the Pension Board on recent developments within the Local Government Pension Scheme (LGPS) regulatory environment and any recent consultations issued which would have a significant impact on the Fund.

Additional documents:

7.

Risk Register pdf icon PDF 195 KB

To present the updated Risk Register for the Brent Pension Fund Pensions Administration Service.

Additional documents:

Reports Referred Sub-Committee

8.

London Borough of Brent Pension Fund- Q2 2021 Investment Monitoring Report pdf icon PDF 2 MB

To receive the Brent Pension Fund Q2 2021 Investment Monitoring Report.

9.

Brent Pension Fund- Annual Report and Accounts 2020/2021 pdf icon PDF 146 KB

To receive the draft Pension Fund Annual Report and Audited Annual Accounts for the year ended 31 March 2021.

Additional documents:

10.

Property Allocation Report pdf icon PDF 172 KB

This report presents analysis and results of investment options for the Committee to consider and agree which fund to invest in. It provides an overview of the Fund’s strategic allocation to property, an introduction to the UK property market, a summary of four potential property funds, and recommendations for investment and implementation.

Additional documents:

11.

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.

12.

Date of next meeting

The next scheduled meeting is on Monday 24 March 2022 at 6pm.

13.

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 12 A 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)”

14.

Net Zero Transition Roadmap

This report presents a detailed framework setting out the practical steps to transition to net zero and to top-up the allocation to the Fund’s existing low carbon global equity mandate.

15.

Employer Risk and Admission Agreements

The purpose of this report is to update the Committee on employer risk to the Brent Pension Fund and note the current position on admission agreements.

16.

London CIV Update

To receive a report from the Director of Finance providing an update on recent developments regarding Brent Pension Fund investments held within the London CIV (LCIV).