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 09 November 2022 as a correct record.

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

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

The purpose of this report is to update the committee 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

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

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 Investment Monitoring Report.

This report updates the Board 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 Board.

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

The following items are not for publication as they relate to the category of exempt information set out below, as specified under Part 1, Schedule 12A of the Local Government Act 1972: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 8:       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 10:      Housing Allocation Report – Appendix 1 (Product Assurance Review – London CIV 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 11:      2022 Triennial Valuation Results and Funding Strategy Statement – Appendix 5 (Rates and Adjustments 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 and 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.

The provisional dates scheduled for Pension Board meetings in 2023-24 have been identified as follows:

Monday 24 July 2023 at 6pm

Wednesday 8 November 2023 at 6pm

Monday 25 March 2024 at 6pm

Please note these dates are subject to final confirmation with meetings, at this stage, scheduled to continue online.

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.