Agenda and draft minutes

Hampshire Pension Fund Panel and Board - Friday, 14th February, 2020 10.00 am

Venue: Mitchell Room, EII Podium, Winchester

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

Items
No. Item

236.

Apologies for Absence

To receive any apologies for absence.

Minutes:

Councillors Thacker and Glen sent their apologies.

237.

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 Part3, 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.

 

238.

Confirmation of Minutes (Non-Exempt) pdf icon PDF 269 KB

To confirm the Minutes of the meeting held on 13 December 2019.

Minutes:

The minutes of the Pension Fund Panel and Board held on 13 December 2019 were confirmed.

239.

Deputations

To receive any deputations notified under Standing Order 12.

Minutes:

No deputations were received.

240.

Chairman's Announcements

To receive any announcements the Chairman may wish to make.

Minutes:

The Chairman welcomed Mrs Liz Bartle and Dr Lindsey Gowland and informed the Panel and Board they had replaced Mr David Robbins and Mrs Valerie Arrowsmith as the Other Employer representative and Deferred Member representative respectively.  The Chairman told the committee he will be writing to Valerie and David to express the Panel and Board’s thanks for their contribution to the committee

 

The Chairman also congratulated Neil Wood on being reappointed as the Active Member representative.

241.

ACCESS business plan pdf icon PDF 395 KB

To present the 2020/21 ACCESS business plan for approval by the Panel and Board.

 

Minutes:

The Panel and Board considered the report from the Director of Corporate Resources (Item 6 in the Minute Book) including the ACCESS Business Plan for 2020/21, which had been agreed and recommended for approval to the member authorities by the ACCESS Joint Committee.

 

The budget for ACCESS for 2020/21 was £1.08m of which Hampshire’s equal share would be £98,000.

 

RESOLVED:

 

(a)  That the ACCESS Business Plan for 2020/21 was approved.

242.

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 maintain the exemption outweighs the public interest in disclosing the information, for the reasons set out in the reports.

243.

Confirmation of the Exempt Minutes of the Previous Meeting

To confirm the exempt minutes of the meeting held on 13 December 2019.

Minutes:

The exempt minutes of the Pension Fund Panel and Board held on 13 December 2019 were confirmed.

244.

Investment - Investment Strategy Review

To consider the exempt report of the Director of Corporate Resources - Corporate Services on the recommendations of the investment consultants who were commissioned to review the Pension Fund’s investment strategy.

Minutes:

The Panel and board considered the exempt appendix from the Director of Corporate Resources(Item 9 in the Minute Book) supporting the review of the Investment Strategy. [SUMMARY OF A MINUTE WHICH CONTAINS EXEMPT information]

245.

Investments - Investment Report

To consider the exempt report of the Director of Corporate Resources - Corporate Services updating the Pension Fund Panel and Board on the progress of the Pension Fund’s investments since the last meeting on 13 December 2019.

 

Minutes:

The Panel and Board received an exempt report from the Director of Corporate Resources (Item 10 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]