Agenda and minutes
Venue: Committee Room C1, 1st Floor, Town Hall, Mulberry Place
Contact: Antonella Burgio, Democratic Services. Tel: 020 7364 4881
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APOLOGIES FOR ABSENCE To receive any apologies for absence. Minutes: Apologies for absence were received from Councillors Marc Francis and Oliur Rahman. |
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DECLARATIONS OF INTEREST PDF 56 KB To note any declarations of disclosable pecuniary interest made by Members. Minutes: No declarations of disclosable pecuniary interests were made.
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UNRESTRICTED MINUTES PDF 76 KB To confirm as a correct record of the proceedings the unrestricted minutes of the ordinary meeting 14 June 2012.
Minutes: The minutes of the meeting held on 14 June 2012 were presented.
RESOLVED
That, subject to the correction of minute 6.4 which had been duplicated from paragraph 6.3 in error, the minutes be approved.
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DEPUTATIONS & PETITIONS To receive any deputations or petitions Minutes: Nil Items.
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UNRESTRICTED REPORTS FOR CONSIDERATION |
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Member Training To receive a presentation and training in accordance with the Pension Committee’s terms of reference. Minutes: Members received training from Matt Woodman of Hymans Robertson (Fund’s Investment Consultants) on the Local Government Pension Scheme and the role of trustees in relation to governance, the investment strategy and overall structure of the Fund.
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2011/12 Local Government Pension Fund Annual Report PDF 102 KB To receive and consider the draft Annual Pension Fund Report and Statement of Accounts. Additional documents: Minutes: Mr Shonola, Chief Financial Strategy Officer, presented the report circulated at agenda item 5.2 drawing Members’ attention to matters concerning pension fund income, investment performance and increase in overall fund assets.
Members then considered factors that would influence funding levels in 2012-13, noting that budget reductions, numbers of active pension scheme members, investment performance and recovery period were all factors that would affect funding levels anticipated.
RESOLVED
That the Pension Fund Annual Report be noted; with reference to the following: · the Pension Fund Statement of Accounts; · the Funding Strategy Statement; · the Statement of Investment Principles; · the Governance Compliance Statement
which indicate the governance of the Fund during 2011-2012 and management of fund assets.
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ANY OTHER UNRESTRICTED BUSINESS CONSIDERED TO BE URGENT Minutes: Mr Shonola advised Members of forthcoming training opportunities available. |
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EXCLUSION OF THE PRESS AND PUBLIC In view of the contents of the remaining items on the agenda the Committee is recommended to adopt the following motion:
“That, under the provisions of Section 100A of the Local Government Act 1972, as amended by the Local Government (Access to Information) Act 1985, the press and public be excluded from the remainder of the meeting for the consideration of the Section Two business on the grounds that it contains information defined as Exempt in Part 1 of Schedule 12A to the Local Government Act, 1972.”
EXEMPT SECTION (Pink Papers)
The exempt committee papers in the agenda will contain information, which is commercially, legally or personally sensitive and should not be divulged to third parties. If you do not wish to retain these papers after the meeting, please hand them to the Committee Officer present. Minutes: Under the provisions of Section 100A of the Local Government Act, 1972 as amended by the Local Government (Access to Information) Act, 1985, the Chair moved that Press and Public be excluded from the remainder of the meeting for the consideration of the Section Two business.
RESOLVED
That press and public be excluded from the meeting during the discussion of Section Two business on the grounds that the items contained information defined as Exempt in Parts 1, 2, 3 and 4 of Schedule 12A to the Local Government, Act 1972”. (‘information relating to an individual’, ‘information which may reveal the identity of a person, information relating to the financial or business affairs of a person’ and ‘information relations to any consultations or negotiations or contemplated consultations or negotiations in connection with any labour related matter arising between the authority , or a Minister of the Crown and employees of, or officer holders under, the authority.,‘).
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Admitted Body Status: Admission of Agilisys Ltd and Transfer of Toynbee Island Homes to One Housing Group Minutes: This item was considered in closed session.
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ANY OTHER RESTRICTED BUSINESS CONSIDERED TO BE URGENT Minutes: Nil items.
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