Pension Fund Committee – 7th December

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The latest Pension Fund Committee was held on the 7th of December the full papers can be found at: Pension Fund Committee

The meeting agenda is outlined below.

AGENDA

Item 1 – MINUTES FROM PREVIOUS MEETINGS
To receive the Minutes of the Pension Fund Committee meeting of 14 September
2018 and the Local Pension Board meeting of 6 November 2018.

Item 2 – STANDING ITEMS
2a CHANGES TO EMPLOYERS
This paper provides the Committee with an update of bodies who have joined and exited the Fund during the period 1 September 2018 to 31 October 2018.
2b FUNDING LEVEL UPDATE
This paper provides the Committee with an updated funding position at 31 October 2018 for Investment Strategies A, B, C and D.
2c COMPLIANCE UPDATE
This paper provides the Committee with a summary of the breaches log for the period
1 April 2015 to 30 September 2018.
2d BUSINESS PLAN
This Committee will be presented with the 2018/19 Action Plan Delivery Targets along
with an update on the risk register and the 2018/19 forecast outturn. The Committee
will also receive a presentation in casework backlogs.

Item 3 – FUNDING STRATEGY STATEMENT UPDATE & REGULATORY UPDATE
This paper provides the Committee with a recommendation to amend the Funding
Strategy Statement in light of recent amendments to the LPGS Regulations.
The paper also summarises a government policy consultation seeking views on
proposed amendments to the rules of the LGPS.

Item 4 – INVESTMENT PORTFOLIO – LGPS CENTRAL PRODUCT DEVELOPMENT TIMETABLE AND PROCESS
This paper updates the Committee on the latest product timetable from LGPS Central
and suggests likely key decision points for the Committee. It will also brief the
Committee on the process followed by Central and partner funds in developing new products.