Agenda and minutes

Hampshire Pension Fund Panel and Board
Friday, 15th February, 2019 10.00 am

Venue: Mitchell Room, EII Podium, Winchester

Contact: Email: members.services@hants.gov.uk 

Items
No. Item

140.

Apologies for Absence

To receive any apologies for absence.

Minutes:

Cllrs Smith, Tennent and Thacker, and Mr Robbins and Mrs Dobson sent their apologies.

141.

Declarations of Interest

All Members who believe they have a Disclosable Pecuniary Interest in any matter to be considered at the meeting must declare that interest and, having regard to Part 3 Paragraph 1.5 of the County Council's Members’ Code of Conduct, leave the meeting while the matter is discussed, save for exercising any right to speak in accordance with Paragraph 1.6 of the Code.  Furthermore all Members with a Personal Interest in a matter being considered at the meeting should consider, having regard to Part 5, Paragraph 4 of the Code, whether such interest should be declared, and having regard to Part 5, Paragraph 5 of the Code, consider whether it is appropriate to leave the meeting while the matter is discussed, save for exercising any right to speak in accordance with the Code.

 

Minutes:

Members were mindful that where they believed they had a Disclosable Pecuniary Interest in any matter considered at the meeting they must declare that interest at the time of the relevant debate and, having regard to the circumstances described in Part 3, Paragraph 1.5 of the County Council's Members' Code of Conduct, leave the meeting while the matter was discussed, save for exercising any right to speak in accordance with Paragraph 1.6 of the Code.  Furthermore Members were mindful that where they believed they had a Non-Pecuniary interest in a matter being considered at the meeting they considered whether such interest should be declared, and having regard to Part 5, Paragraph 2 of the Code, considered whether it was appropriate to leave the meeting whilst the matter was discussed, save for exercising any right to speak in accordance with the Code. 

142.

Confirmation of Minutes (Non-Exempt) pdf icon PDF 63 KB

To confirm the Minutes of the meeting held on 14 December 2018.

Minutes:

The minutes of the Pension Fund Panel and Board held on 14 December 2018 were confirmed.

143.

Chairman's Announcements

To receive any announcements the Chairman may wish to make.

Minutes:

The Chairman highlighted to the committee that the Scheme Advisory Board had published its consultation on good governance in the LGPS.

 

The Chairman invited members to feedback to the committee on any training events that they had attended recently, and Mrs Arrowsmith updated the panel on her attendance at the SPS Investment Strategies event.

144.

ACCESS Joint Governance Committee Minutes - 19 September 2018 pdf icon PDF 63 KB

To receive the minutes of the ACCESS Joint Committee meeting (item 5 in the Minute Book) held on 19 September 2018.

Additional documents:

Minutes:

The Panel and Board noted the minutes of the ACCESS Joint Committee meeting (item 5 in the minute book) held on 19 September 2018.

145.

Exclusion of the Press and Public

That in relation to the following items the press and public be excluded from the meeting, as it is likely, in view of the nature of the business to be transacted or the nature of proceedings, that if a member of the public were present during the items there would be disclosure to them of exempt information within Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972, and further that in all circumstances of the case, the public interest in maintaining the exempt information outweighs the public interest in disclosing the information, for the reasons set out in the report.

 

Minutes:

RESOLVED:

 

That the public be excluded from the meeting during the following items of business, as it is likely, in view of the nature of the business to be transacted or the nature of the proceedings, that if members of the public were present during these items there would be disclosure to them of exempt information within Paragraphs 3 and 4 of Part 1 of Schedule 12A to the Local Government Act 1972, and further that in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information, for the reasons set out in the reports.  

146.

Confirmation of the Minutes of the Previous Meeting

To confirm the exempt minutes of the meeting held on 14 December 2018.

Minutes:

The exempt minutes of the Pension Fund Panel and Board held on 14 December 2018 were confirmed. 

147.

Investments: MHCLG draft pooling guidance

To consider an exempt report from the Director of Corporate Resources – Corporate Services on the Government’s new draft pooling guidance.

Minutes:

The Panel and Board received an exempt report from the Director of Corporate Resources (Item 8 in the Minute Book) outlining informal consultation from MHCLG on new draft investment pooling guidance.  [SUMMARY OF A MINUTE WHICH CONTAINS EXEMPT INFORMATION]

148.

Investment - Investment Update

To consider the exempt report of the Director of Corporate Resources - Corporate Services updating the Panel and Board on the Pension Fund’s investments since the last meeting of the Pension Fund Panel and Board on 14 December 2018.

Minutes:

The Panel and Board received an exempt report from the Director of Corporate Resources (Item 9 in the Minute Book) updating the Panel and Board on the performance of the Pension Fund’s investments.  [SUMMARY OF A MINUTE WHICH CONTAINS EXEMPT INFORMATION]