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Agenda

Venue: Online Meeting

Contact: Ellen Ghey  01225 718259

Media

Items
No. Item

Part I

Items to be considered when the meeting is open to the public

1.

Membership

To note any changes to the membership of the Committee.

2.

Apologies

To receive any apologies for absence or substitutions for the meeting.

3.

Minutes

To approve and sign as a true and correct record the Part I (public) minutes of the previous ordinary meeting held on 17 December 2020 and extraordinary meeting held on 14 January 2021.

Supporting documents:

4.

Review of Actions Log

Supporting documents:

5.

Declarations of Interest

To receive any declarations of disclosable interests or dispensations granted by the Standards Committee.

 

6.

Chairman's Announcements

To receive any announcements through the Chairman.

7.

Public Participation

The Council welcomes contributions from members of the public. During the ongoing COVID-19 situation the Council is operating revised procedures and the public are able participate in meetings online after registering with the officer named on this agenda, and in accordance with the deadlines below.

 

Guidance on how to participate in this meeting online.

 

Statements


Members of the public who wish to submit a statement in relation to an item on this agenda should submit this is electronically to the officer named on this agenda no later than 5pm on Friday 26 March 2021.

 

Statements should:

 

·       State whom the statement is from (including if representing another person or organisation)

·       Clearly state the key points

·       If read aloud, be readable in approximately 3 minutes

 

Up to three speakers are allowed for each item on the agenda.

 

 

Questions

 

Those wishing to ask questions are required to give notice of any such questions electronically to the officer named on the front of this agenda no later than 5pm on Tuesday 23 March 2021 in order to be guaranteed of a written response. In order to receive a verbal response questions must be submitted no later than 5pm on Thursday 25 March 2021.


Please contact the officer named on the front of this agenda for further advice. Questions may be asked without notice if the Chairman decides that the matter is urgent. Details of any questions received will be circulated to members prior to the meeting and made available at the meeting and on the Council’s website; they will be taken as read at the meeting.

 

8.

Minutes and Key Decisions of the Local Pension Board and Investment Sub-Committee

To consider the Part I (public) minutes, and recommendations arising, from the last meetings of the Local Pension Board and Investment Sub-Committee held on 18 February 2021 and 25 February 2021 respectively.

Supporting documents:

9.

Training Update

To receive a verbal update outlining the 2021-22 training strategy.

10.

Scheme, Legal, Regulatory and Fund Update

To receive a report from officers updating the Committee on various developments.

Supporting documents:

11.

Proposed Business Plan - 2021-22

To receive a report reviewing the progress of actions set for 2020-21 and proposing new actions for 2021-22.

Supporting documents:

12.

Budget - 2021-22

To receive a report proposing the Fund’s budget for 2021-22 for approval by the Committee.

 

This will include the forecast spend for 2020-21 and approval for the Local Pension Board budget for 2021-22.

Supporting documents:

13.

Key Performance Indicators (KPIs)

To receive a revised report summarising the latest KPIs in a changed format for the period 1 October 2020 to 31 December 2020.

Supporting documents:

14.

Administering Authority's Discretion Policy

To receive a report proposing various changes to the Administering Authority’s Discretions Policy.

Supporting documents:

15.

Review of the Governance Compliance Statement and Investment Sub-Committee Terms of Reference

To receive a report requesting approval of these documents and highlighting the changes made.

Supporting documents:

16.

Pension Fund Risk Register

To consider an updated Risk Register.

Supporting documents:

17.

Investment Strategy Statement

To receive a report requesting the approval of the document and highlighting the changes made.

Supporting documents:

18.

Responsible Investment Update

To receive a report summarising the current progress.

Supporting documents:

19.

Look Forward Plan Review

To consider the plan for the remainder of 2020-21.

Supporting documents:

20.

Date of Next Meeting

The next ordinary meeting of the Committee will be held on 24 June 2021.

21.

Urgent Items

Any other items of business which, in the opinion of the Chairman, should be considered as a matter of urgency. Urgent items of a confidential nature may be considered under Part II of this agenda.

 

 

22.

Exclusion of the Public

To consider passing the following resolution:

 

To agree that in accordance with Section 100A(4) of the Local Government Act 1972 to exclude the public from the meeting for the business specified in Item Numbers 23 – 32 because it is likely that if members of the public were present there would be disclosure to them of exempt information as defined in paragraphs 1 & 3 of Part I of Schedule 12A to the Act and the public interest in withholding the information outweighs the public interest in disclosing the information to the public.

 

Part II

Item(s) during consideration of which it is recommended that the public should be excluded because of the likelihood that exempt information would be disclosed

 

23.

Minutes

To approve and sign as a true and correct record the Part II (private) minutes of the previous ordinary meeting held on 17 December 2020 and extraordinary meeting held on 14 January 2021.

 

24.

Pensioner Payroll Database Reconciliation

To receive a report updating the Committee on the progress of this project.

25.

Key Financial Controls

To receive a report outlining the operational accounting arrangements in place.

26.

Brunel Pension Partnership Update

To receive an update on the Brunel Pension Partnership governance arrangements.

27.

Brunel Pension Partnership Business Plan and Budget Update

To receive an update by the Head of Pension Fund Investments.

28.

Minutes of the Brunel Oversight Board

To consider the minutes of the previous meeting of the Brunel Oversight Board.

29.

Minutes and Key Decisions of the Local Pension Board and Investment Sub-Committee

To consider the Part II (private) minutes, and recommendations arising, from the last meetings of the Local Pension Board and Investment Sub-Committee held on 18 February 2021 and 25 February 2021 respectively.

 

30.

Investment Quarterly Progress Report and Sustainable Equities Report

To receive a report in relation to the Fund’s investment performance to 31 December 2020, and a report providing members with information regarding Brunel’s Sustainable Equities portfolio.

31.

Gilts and Strategic Asset Allocation Ranges

To receive a report from the Head of Pension Fund Investments.

32.

The Future

Narrative from the Chairman.

 

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