Agenda

Pension Board
Thursday, 12th December, 2019 10.00 am, MOVED

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

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

Note: Please note this was moved from 11 December to 12 December at the request of the Chair. 

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 96 KB

To approve as a correct record the minutes of the meeting held on, 27 June 2019 and 10 October 2019.

Additional documents:

5.

Member Development - Investment Strategy Review,

The Member Development session will be presented by David Walker, Hymans Robertson .

6.

Quarterly investment performance report - to September 2019 pdf icon PDF 133 KB

The Pension Committee, at its meeting on 19 November, received a report on the investment performance of the Pension Fund managers as at 30 September 2019.

 

7.

Pension Administration Update pdf icon PDF 123 KB

The Pension Committee, at its meeting on 19 November 2019, received a pension administration update report. That report is presented to the Board for noting

8.

Update on the annual benefit statement online take up- December 2019 update pdf icon PDF 137 KB

At its meeting on 27 June 2019, the Board requested an update for its December 2019 meeting on the registration numbers of the Pensions Online service.

9.

Pension Regulator's LGPS Cohort Report pdf icon PDF 119 KB

The Pension Regulator commissioned a report in October 2018 to review the administration of 10 LGPS funds to understand scheme managers’ approaches to a number of key risks. This followed on from the annual survey of public sector schemes.

10.

Triennial Valuation update pdf icon PDF 124 KB

The Pension Committee, at its meeting on 19 November 2019, received a report by the Fund’s actuary, Barnett Waddingham on the initial results of the 2019 actuarial valuation. The Committee agreed to the recommendation to approve the assumptions to be used in the 2019 valuation as detailed in the report.

Additional documents:

11.

Draft Funding Strategy Review pdf icon PDF 124 KB

The Pension Committee, at its meeting on 19 November 2019, received a report by the Fund’s actuary, Barnett Waddingham, on the draft Funding Strategy Statement. The Committee agreed to the recommendations to approve the document for consultation with fund employers and to delegate authority to the Chair of the Pension Committee and the Strategic Director, Resources to make any necessary amendments.

12.

Investment Advisor Objectives pdf icon PDF 123 KB

The Pension Committee, at its meeting on 19 November 2019, received a report on the objectives of the investment advisor. The Committee agreed to the recommendation to approve the objectives stated in the report.

13.

Review of Risk Register Report pdf icon PDF 127 KB

This report provides the current version of the Risk Register.

Additional documents:

14.

Review of work programme pdf icon PDF 121 KB

This report discusses the proposed work programme for the Board for the 2019/20 financial year.

15.

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).

16.

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.