Agenda and minutes

There were no changes to the membership of the Committee.

Cllr Christopher Newbury was present.

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

Apologies for absence were received from Cllr Tony Deane.

To receive any announcements through the Chairman.

There were no Chairman’s announcements.

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

There were no declarations of interests.

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 (acting on behalf of the Corporate Director), no later than 5pm on Wednesday 26 November 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 questions or statements submitted.

To note that the next regular meeting of the Committee will be held on Thursday 11 December 2014.

The next ordinary meeting of the Wiltshire Pension Fund would be 11 December 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 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 Number 93 because it is likely that if members of the public were present there would be disclosure to them of exempt information defined in paragraph 3 of Part 1 of the Schedule 12A to the Act and the public interest in withholding the information outweighs the public interest in disclosing the information to the public.

A report is circulated by both the Head of Pensions and the Fund’s Investment Adviser. Members will be required to evaluate the presentations from the shortlisted investment managers which will then be considered as part of the overall evaluation process to identify a preferred provider should the Committee decide to invest in Multi Asset Credit and Absolute Return Fund strategies. 

A report was circulated by both the Head of Pensions and the Fund’s Investment Adviser on potential bond managers.

Members received presentations from three shortlisted investment managers and, following question and answer sessions, evaluated their approach to Multi Asset Credit and Absolute Return Bonds.

Resolved:

To select Loomis as the preferred bond manager.

To delegate to officers the percentage allocation to Multi Asset Credit and Absolute Return Bonds strategies.