Agenda

Pensions Committee - Monday, 25th January, 2021 10.00 am

Venue: Virtual meeting with restricted public access

Contact: Adam Chisnall on 033 022 28314  Email:  adam.chisnall@westsussex.gov.uk

Media

Items
Note No. Item

Part I

10.00 am

1.

Declarations of Interests

Members and officers are invited to make any declaration of personal or prejudicial interests that they may have in relation to items on the agenda and are reminded to make any declarations at any stage during the meeting if it becomes apparent that this may be required when a particular item or issue is considered.

 

It is recorded in the register of interests that:

·       Mr Donnelly is a Horsham District Councillor

·       Cllr Elkins is a Member of the Littlehampton Harbour Board and Arun District Council

·       Cllr Hunt is the Chairman of the Chichester Harbour Conservancy

·       Cllr Jupp is a Member of Horsham District Council and has a daughter who works for Blackrock

·       Cllr Walsh is the Leader of Arun District Council and a Member of Littlehampton Town Council

 

These financial interests only need to be declared at the meeting if there is an agenda item to which they relate.

10.01 am

2.

Part I Minutes of the last meeting pdf icon PDF 94 KB

The Committee is asked to agree the Part I minutes of the meeting of the Committee held on 17 November 2020 attached (cream paper).

10.02 am

3.

Urgent Matters

Items not on the agenda, which the Chairman of the meeting is of the opinion, should be considered as a matter of urgency by reason of special circumstances.

10.03 am

4.

Part II Matters

Members are asked to indicate at this stage if they wish the meeting to consider bringing into Part I any items on the Part II agenda.

10.04 am

5.

Pension Advisory Board Minutes - Part I

The Committee is asked to note the confirmed Part I minutes from the meeting of the Pension Advisory Board on 7 September 2020 and the agenda from the meeting of the Pension Advisory Board on 13 November 2020.

5a

7 September 2020 - Part I Pension Advisory Board Minutes pdf icon PDF 137 KB

5b

13 November 2020 - Pension Advisory Board Agenda pdf icon PDF 247 KB

10.10 am

6.

Election of Scheduled Body Representative pdf icon PDF 126 KB

Report by the Director of Law and Assurance.

 

The Committee is asked to consider the recommendation within the report.

Additional documents:

10.15 am

7.

Business Plan pdf icon PDF 407 KB

Report by the Director of Finance and Support Services.

 

The Committee is asked to consider the recommendation within the report.

10.30 am

8.

Pension Administration Performance pdf icon PDF 235 KB

Report by the Director of Finance and Support Services.

 

The Committee is asked to consider the recommendation within the report.

10.45 am

9.

Scheme Changes pdf icon PDF 181 KB

Report by the Director of Finance and Support Services.

 

The Committee is asked to consider the recommendation within the report.

11.00 am

10.

Date of the next meeting

The next meeting of the Pensions Committee will be 10.00 a.m. 17 March 2021.

Part II

11.05 am

11.

Exclusion of Press and Public

The Committee is asked to consider in respect of the following items whether the public, including the press, should be excluded from the meeting on the grounds of exemption under Part I of Schedule 12A of the Local Government Act 1972, as indicated below, and because, in all the circumstances of the case, the public interest in maintaining the exemption of that information outweighs the public interest in disclosing the information.

11.08 am

12.

Part II Minutes of the last meeting

To confirm the Part II minutes of the meeting of the Committee held on 17 November 2020, for members of the Committee only (yellow paper).

11.09 am

13.

Pension Advisory Board Minutes - Part II

The Committee is asked to note the confirmed Part II minutes from the meeting of the Pension Advisory Board on 7 September 2020 (yellow paper).

11.10 am

14.

ACCESS

Report by the Director of Finance and Support Services attached for members of the Committee only (yellow paper).

 

The Committee is asked to consider the recommendations within the report.

11.30 am

15.

Private Equity

Report by the Director of Finance and Support Services attached for members of the Committee only (yellow paper)

 

The Committee is asked to consider the recommendations within the report.

11.50 am

16.

AVCs

Report by the Director of Finance and Support Services attached for members of the Committee only (yellow paper).

 

The Committee is asked to consider the recommendations within the report.

12.00 pm

17.

Baillie Gifford Paris Aligned

Report by the Director of Finance and Support Services attached for members of the Committee only (yellow paper).

 

The Committee is asked to consider the recommendations within the report.

12.15 pm

18.

Review of Pension Investment Performance

Paper by the Director of Finance and Support Services and Independent Fund Adviser summarising transactions and performance during the quarter and giving comments on the quarter, for members of the Committee only (yellow paper).

Break 12.30pm - 1.00pm

1.00 pm

19.

Presentation by Aberdeen Standard

The Committee to receive a presentation on portfolio performance.

1.45 pm

20.

Property Mandate

Report by the Director of Finance and Support Services attached for members of the Committee only (yellow paper).

 

The Committee is asked to consider the recommendations within the report.