Agenda and minutes

There were no changes to membership.

There were no non-members attendees.

To receive any apologies or representations for the meeting.

Apologies were received from Cllr Tony Deane and Lynda Croft.

To receive any announcements through the Chair.

There were no announcements.

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

There were no declarations of interest.

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 5pm on Friday 17 January 2014. 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.

There were no members of the public present.

Members are asked to note that the next regular meeting of this Committee will be held on Thursday 6 March 2014.

It was noted that the next regular meeting of the Committee will be held on Thursday 6 March 2014.

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 Number 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  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.

Paragraph 3 - information relating to the financial or business affairs of any particular person (including the authority holding that information).

It was;

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 Item Number 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 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.

Paragraph 3 - information relating to the financial or business affairs of any particular person (including the authority holding that information).

Following a verbal update by the Head of Pensions, Members will be required to evaluate the presentations from the shortlisted investment managers which will be considered as part of the overall evaluation process to enable the appointment of an Emerging Markets Multi-Asset Manager. 

The timetable for the meeting is as follows:

10.40am                                Verbal update by Head of Pensions and advisers

11.00am  to 2.00pm             Presentation by shortlisted managers

2.00pm                                   Buffet Lunch

2.20pm                                   Summary discussions

3:00pm                                   Proposed End of Meeting

Members of the Committee received presentations from the prospective Emerging Markets Multi-Asset Managers and had the opportunity to ask questions.

It was;

Resolved:

Members of the Committee, after evaluating each manager, selected Investec as the new Emerging Markets Multi-Asset Manager.

Please note: Councillor Brian Ford (Swindon Borough Council Member) excused himself from the committee due to having being absent for part of the presentations. Cllr Ford did not vote on the final decision.