Issue - meetings
UNRESTRICTED MINUTES
Meeting: 29/11/2018 - Pensions Committee (Item 3)
3 MINUTES OF THE PREVIOUS MEETING PDF 139 KB
To confirm as a correct record the minutes of the meeting of the Pensions Committee held on 18 September 2018.
Minutes:
The minutes of the meeting held on 18th September, 2018 were agreed as a correct record. Copy to sign.
Meeting: 18/09/2018 - Pensions Committee (Item 2)
2 MINUTES OF THE PREVIOUS MEETING(S) PDF 140 KB
To confirm as a correct record the minutes of the meeting of the Pensions Committee held on 24 July 2018.
Minutes:
The minutes of the meeting held on 24 July 2018 were confirmed as a correct record subject to the following corrections.
Item 2 Declarations of Disclosable Pecuniary Interest
The Chair advised the Committee that Mr Andrew Schneider had visited his Surgery and had held discussions about the London Borough of Tower Hamlets commitment towards disinvestment in Fossil Fuels and requested that this be recorded in the minutes.
Item 4 Minutes of the Previous Meetings - Matters Arising / Items 6.1 Revised Investment Strategy Statement And Investment Options Considerations.
Councillor Wood commented that there was an inaccurate recording in the minutes. Councillor Wood advised the Committee that he had offered to assist with the interviews for the Independent Advisor but was unable to attend and confirmed that he did not take part in the process.
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Matters Arising
Item 3 Petitions
Members noted that the Council had advocated its strong commitment to disinvesting in Fossil Fuels and questioned how this objective was to be monitored. Officers advised the meeting that a report will be brought to the next Committee and that it would contain information about the Fund’s current level of exposure to Fossil Fuels and how it compares to contemporaries. The level of exposure will also be reviewed on an annual basis and future reports will provide information on available products with low carbon outputs and the Fund’s position. The Committee will be requested to give a steer and make a decision about products
Item 6 Update On Equity Protection Provider Search
Officers advised the Committee that the Equity Protection Strategy had been implemented and also added onto the Committee’s Work Programme.