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 Monday 24 July 2023 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.

This report updates the 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.

This report informs members of the provision of a Local Government Pensions Scheme (LGPS) focused online pensions learning facility for officers, Pensions Sub-Committee and Pension Board members.

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

To receive the Brent Pension Fund Quarter 2 2023 Investment Monitoring Report.

This report provides an update on the Pension Fund Annual Report and Accounts for the year ended 31 March 2023 and the draft Investment Strategy Statement (ISS).

This report relates to the consultation launched by the Department for Levelling Up, Housing and Communities (DLUHC) regarding the investments of the Local Government Pension Scheme (LGPS). The report covers the areas of asset pooling, levelling up, opportunities in private equity, investment consultancy services and the definition of investments.

This report updates the Board on engagement activity undertaken by LAPFF (the Local Authority Pension Fund Forum) on behalf of the Fund.

To receive an update from Pensions & Investment Research Consultants regarding the Fund’s performance as of March 2023.

The following item is not for publication as it relates to the following category of exempt information set out below, as specified under Part 1 Schedule 12A of the Local Government Act 1972:

Agenda Item 11:      DLUHC Consultation on LGPS Investments – Appendix 1

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 any particular person (including the authority holding that information)”

Members are also asked to consider the exclusion of the press and public for the remainder of the meeting as the remaining report to be considered contains the following category of exempt information as specified in Paragraph 3, Part 1 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 updates the Board on recent developments regarding Brent Pension Fund investments held within the London CIV (LCIV).

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.