Agenda

Hampshire Pension Fund Panel and Board - Friday, 13th December, 2019 10.00 am

Venue: Mitchell Room, EII Podium, Winchester

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

Items
No. Item

1.

Apologies for Absence

To receive any apologies for absence.

2.

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.

 

3.

Confirmation of Minutes (Non-Exempt) pdf icon PDF 243 KB

To confirm the Minutes of the meeting held on 8 November 2019.

4.

Deputations

To receive any deputations notified under Standing Order 12.

5.

Chairman's Announcements

To receive any announcements the Chairman may wish to make.

6.

Governance - Internal Audit Progress Report pdf icon PDF 131 KB

To consider a report from the Director of Corporate Resources-Corporate Services providing the Pension Fund Panel and Board with an overview of the internal audit work completed in accordance with the approved plan.

Additional documents:

7.

ACCESS minutes - 9 September 2019 pdf icon PDF 157 KB

To receive and note the ACCESS Joint Committee minutes of the meeting held on 9 September 2019.

8.

Governance - Pensions Administration Update pdf icon PDF 492 KB

To consider a report from the Director of Corporate Resources-Corporate Services updating the Pension Fund Panel and Board on pensions administration in the first six months of 2019/20.

9.

Pension Fund Budget pdf icon PDF 218 KB

To consider a report from the Director of Corporate Resources-Corporate Services seeking the Panel and Board’s approval of a budget for the Pension Fund for 2020/21 and projections for 2021/22 and 2022/23.

 

10.

Governance - Draft Funding Strategy Statement and Employer Policy pdf icon PDF 223 KB

To consider a report from the Director of Corporate Resources-Corporate Services providing the Panel and Board with an update on the 2019 valuation, and to seek approval for the amended Funding Strategy Statement and Employer Policy.

 

Additional documents:

11.

Governance - Review of Pension Fund's Statutory Statements pdf icon PDF 1 MB

To consider a report from the Director of Corporate Resources-Corporate Services outlining progress on the Business Plan’s actions and the latest statutory statements for the Pension Fund.

 

12.

Competition and Markets Authority (CMA) Order - Investment Consultancy pdf icon PDF 298 KB

To consider a report from the Director of Corporate Resources-Corporate Services providing  the Pension Fund Panel and Board with a summary of the requirements of the CMA for the Pension Fund to establish aims and objectives for its investment consultant and recommended aims and objectives for the Fund’s consultants, Hymans Robertson and MJ Hudson Allenbridge.

 

13.

Scheme Advisory Board Guidance on Responsible Investment pdf icon PDF 271 KB

To consider a report from the Director of Corporate Resources-Corporate Services  introducing draft guidance published for consultation by the Scheme Advisory Board (SAB) on Responsible Investment (RI) in the LGPS.

 

Additional documents:

14.

Investments: Pension Fund cash monitoring report and Annual Cash Investment Strategy 2020/21 pdf icon PDF 294 KB

To consider a report from the Director of Corporate Resources - Corporate Services outlining the investment performance of the cash balances held by the Pension Fund in 2019/20 to 30 November 2019 and recommending the  Annual Cash  Investment Strategy for 2020/21.

 

 

15.

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.

 

16.

Confirmation of the Exempt Minutes of the Previous Meeting

To confirm the exempt minutes of the meeting held on 8 November 2019.

17.

Investment - Cash Strategy (exempt appendix)

To consider an exempt appendix from the Director of Corporate Resources - Corporate Services providing an update on the management of the Pension Fund's cash balances.

 

18.

Investments: Pension Fund's Custodian Performance Report

To consider an exempt report of the Director for Corporate Resources-Corporate Services providing a review of custody services since the last report in March 2019 and an update on the Pension Fund’s tax claims and class actions.