Agenda and minutes

There were no changes to report.

None

Cllr Peter Stoddart (Swindon Borough Council) sent his apologies.

None.

There were no announcements.

The Council welcomes contributions from members of the public.

Statements

If you would like to make a statement at this meeting on any item on this agenda, please register to do so at least 10 minutes prior to the meeting. Up to 3 speakers are permitted to speak for up to 3 minutes each on any agenda item. Please contact the officer named above for any further clarification.

Questions

To receive any questions from members of the public or members of the Council received in accordance with the constitution. Those wishing to ask questions are required to give notice of any such questions in writing to the officer named above, no later than 5.00pm on Thursday 29 December 2011. Please contact the officer named on the first page 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 Committee members prior to the meeting and made available at the meeting and on the Council’s website.

None.

Members are asked to note that the next regular meeting of this Committee will be held on Wednesday 22 February 2012. There will be a special meeting in the interim, Friday 27 January for the presentations and appointment of an Infrastructure Fund Manager and a Fundamental Indices Manager.

The next special meeting of the Committee was confirmed as 27 January 2012.

The next ordinary meeting of the Committee was confirmed as 22 February 2012.

There were no urgent items.

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 10  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.

Resolved:

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 Minute Nos. 10 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.

Following a verbal update by the Head of Pensions, Members will be required to evaluate the presentations by Hymans Robertson, Aon Hewitt, JLT and Mercers which will considered as part of the overall scoring process to enable the appointment of a retained investment adviser. 

The timetable for the meeting is as follows:

10.15        Verbal update by Head of Pensions

10.30        Hymans Robertson presentation

11.30        Aon Hewitt presentation

12.30        JLT presentation

13.30        Buffet Lunch

14:00        Mercers presentation

15:30        Proposed End of Meeting

The Committee heard and evaluated the presentations to be considered as part of the overall scoring process for the appointment of a retained investment adviser to the Fund.

It was,

Resolved

To appoint Mercers as the retained investment adviser to the Fund.