Agenda

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

To approve the minutes of the previous meeting held on Tuesday 3 September 2024 as a correct record.

To updates the Pension Board on pensions administration performance and related matters as part of its remit to oversee the administration of the Brent Pension Fund.

(Agenda republished to include this item on 31 October 24)

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

The purpose of this report is to update 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.

The purpose of this report is to inform members of the Pension Board and provide an update on the provision of the LGPS Online Learning Facility.

To receive the Brent Pension Fund Q2 2024 Investment Monitoring Report.

This report provides an update on the Pension Fund Annual Report and Accounts for the year ended 31 March 2024.

To present an update on engagement activity undertaken by the Local Authority Pension Fund Forum (LAPFF) on behalf of the Fund.

Notice of items to be raised under this heading must be given in writing to the Deputy Director Democratic Services or their representative before the meeting in accordance with Standing Order 60.

To note the date of the remaining Pension Board meeting for the 2024 - 25 Municipal Year, as follows:

·             Monday 24 March 2025 at 6:00pm

The following items are not for publication as they relate to the category of exempt information set out below, as specified under Part 1, Schedule 12A of the Local Government Act 1972: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 9:       Q2 2024-25 Investment Monitoring Report – Fund Manager performance ratings.

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).”

To consider the exclusion of the press and public 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 any particular person (including the authority holding that information)"

As part of the Brent Pension Fund Sub Committee Investment Strategy review, the Sub-Committee agreed to a market review of the passive global equities mandate to have a greater focus on responsible investment. This report provides an analysis of investment options presented to the Sub-Committee.

To update members on recent developments regarding Brent Pension Fund investments.

To provide an update on recent developments regarding Brent Pension Fund investments held within the London CIV (CIV).