Agenda

Pension Committee
Tuesday, 19th November, 2019 7.00 pm

Venue: Civic Offices, St Nicholas Way, Sutton SM1 1EA

Contact: Sharon Major, Committee Services Officer  Tel: 020 8770 4990 | Email:  committeeservices@sutton.gov.uk

Items
No. Item

Fire Precautions - Civic Offices pdf icon PDF 42 KB

Additional documents:

1.

Welcome and introductions

2.

Apologies for absence

3.

Declarations of interest

4.

Minutes of the previous meeting pdf icon PDF 87 KB

To approve as a correct record the minutes of the meeting held on 17 September 2019.

5.

Pension Administration update pdf icon PDF 168 KB

This report provides an update on the main work streams impacting pensions administration for the period of August 2019 to October 2019.

Additional documents:

6.

Quarterly investment performance report to September 2019

Appendix A shows the performance of the total Fund and individual fund managers and exempt Appendix B has manager ratings by Hymans Robertson and manager fees.

 

Note - the appendices are included as colour / exempt supplements.

Additional documents:

7.

Member Training - Feedback from the Values and Beliefs session pdf icon PDF 120 KB

The report outlines the feedback and outputs from a recent Pension Committee workshop to review the current values and beliefs statements from the Pension Committee.

 

Note the Appendix is included as a colour supplement.

Additional documents:

8.

Presentation by the London Collective Investment Vehicle and update

This presentation is exempt on the basis of Paragraph 3, Schedule

12A of the Local Government Act 1972, and is included within the exempt agenda pack.

9.

Actuarial Valuation of the Pension Fund as at 31 March 2019 pdf icon PDF 128 KB

The Fund’s actuary, Barnett Waddingham, has prepared the initial results and proposed assumptions for the 2019 actuarial valuation detailed in their report at Appendix A.

Note the appendix is included in the colour supplement.

Additional documents:

10.

Draft Funding Strategy Statement pdf icon PDF 147 KB

The Fund’s actuary, Barnet Waddingham, has prepared a draft Funding Strategy Statement which underpins the preparation of the 2019 actuarial valuation. 

Additional documents:

11.

Investment Advisor Objectives pdf icon PDF 129 KB

The Competition and Markets Authority requires the Pension Committee to set objectives for their investment consultant by 10 December 2019. The proposed objectives for Hymans Robertson, the pension fund’s investment advisers, are set out in this report.

12.

Review of work programme pdf icon PDF 99 KB

The Work Programme set out in this report has been produced to propose agenda items to be presented and discussed at future meetings.

13.

Any urgent business

To consider any items which, in the view of the Chair, should be dealt with as a matter of urgency because of special circumstances (in accordance with S100B(4) of the Local Government Act 1972).

14.

Exclusion of the public and press

The following motion should be moved, seconded and approved if the committee wishes to exclude the public and press to deal with reports revealing exempt information:

That the public and press be excluded from the meeting for the following items of business on the grounds that they involve the likely disclosure of exempt information as defined in paragraph X Schedule 12A of the Local Government Act 1972.