Issue - meetings
Pension Fund Business Plan, Pensions Committee Work Plan and Budget for 2018/19
Meeting: 24/07/2018 - Pensions Committee (Item 7)
7 Pension Fund Business Plan, Pensions Committee Work Plan for 2018/19 PDF 132 KB
Additional documents:
Minutes:
Bola Tobun, Investment and Treasury Manager presented a report which set out a business plan for the Pensions Fund, which outlined the Funds goals and objectives in delivering the Council’s statutory function as the administering authority of the London Borough of Tower Hamlet’s Pensions Fund.
Members were advised that the report was considered and agreed at the last Pensions Committee in March 2018 and was for information only. The Business Plan will cover a three year period. Officers were advised that Kevin Cullen, Client Relations Manager, London CIV (LCIV) had recommended that Individual Managers Performance be reviewed on a quarterly basis. The Committee agreed that the LCIV should be a standing item and stressed the importance of developing requisite skill sets.
The Chair advised that he had attended the LCIV AGM on 12 July 2018 and would provide feedback at future Pensions Committee. Member commented on the importance of being represented and maintaining local intelligence. The Committee noted that there were concerns regarding the LCIV governance structure and representation on their committees.
RESOLVED
1. To note the Business Plan as Appendix 1 to this report and
2. To approve Work Plan for 2018/19 attached as Appendix 2.