Agenda and minutes

Pension Committee - Friday 27 November 2015 10.00 am

Venue: Meeting Room 1&2 - Shire Hall, Gloucester. View directions

Items
No. Item

71.

Minutes - pdf icon PDF 113 KB

To approve as a correct record the Minutes of the meeting held on 13 November 2015.

 

TO FOLLOW

Minutes:

71.1    The public minutes of the meeting held on 13 November 2015 were agreed as a correct record and signed by the Chairman. subject to the following points raised:

 

Cllr David Brown – to record Declaration of Interest that he was a Gloucester City Councillor.

 

Cllr Colin Hay – to record Declaration of Interest that he was a trustee of Cheltenham Trust.

 

Cllr Lynden Stowe - to record Declaration of Interest that he was a member of UBICO.

 

72.

Declarations of Interest -

Members of the Committee are invited to declare any financial or pecuniary interest related to specific matters on the agenda.

 

Please see note (a) at the end of the agenda.

Minutes:

 

Cllr Brown made a non-prejudicial declaration as a member of Gloucester City Council.

 

Cllr Cooper made a non-prejudicial declaration as a member of Stroud District

Council and governor at Archway School.

 

Cllr Hay made a non-prejudicial declaration as a member of Cheltenham Borough Council and as a trustee of Cheltenham Trust.

 

Cllr Stowe made a non-prejudicial declaration as a member of Cotswold District Council and UBICO.

 

Cllr Theodoulou made a non-prejudicial declaration as a member of Cotswold

District Council.

 

Cllr Parsons made a non-prejudicial declaration as a member of Cotswold District Council.

 

Peter Clark declared that he was a member of the Local Government Pension Scheme.

73.

Public Questions -

To answer any written questions about matters that are within the powers and duties of the Committee. The closing date/time for the receipt of questions is 10.00am on 20 November 2015.

 

To answer any oral question(s) put by members of the public.

 

Depending on the nature of the oral questions asked it may not be possible to provide a comprehensive answer at the meeting, in which case a written answer will be supplied as soon as reasonably possible after the meeting.

Minutes:

No public questions was received.

74.

Members' Questions -

To answer any written members’ questions. The closing date/time for the receipt of questions is 10.00am on 20 November 2015.

Minutes:

No members’ questions were received.

75.

The external auditors report for 2014/15 pdf icon PDF 48 KB

To note the report.

Additional documents:

Minutes:

Graham Burrow,  Head of Pension Fund, introduced the Grant Thornton’s report on the Audit Findings for Gloucestershire Pension Fund. No issues had been raised for the Pension Fund.

 

The committee noted the report.     

76.

Pension Board meetings pdf icon PDF 52 KB

To update the Committee on the meetings of the Pension Board.

Minutes:

76.1                Graham Burrow updated members on progress on the Pension Board detailing that the first meeting had taken place in July and had included a half day training session. A further training session was held before the October meeting.

 

76.2                Members noted that the Board had begun to develop their work plan. In response to questions, it was clarified that the Board could not replace the Committee’s role as an executive body, but that the Committee could ask the Board to review and consider items for them.

 

76.3                One member suggested that the Board might wish to consider the training of committee members and whether the skill set on the committee was up to standard. Another member suggested that the Board might wish to take a closer look at the committee’s work plan and risk register.

 

76.4                The committee asked that they be provided with the Pension Board minutes for consideration at future meetings.
ACTION                     Stephen Bace

77.

Exclusion of the press and public

Resolved

 

 That in accordance with Section 100 A (4) of the Local Government Act 1972 the public be excluded from the meeting for the following agenda items, because it is likely that if members of the public were present there would be disclosure to them of exempt information as defined in paragraph 3 of Part 1 of Schedule 12 A to the Act and the public interest in withholding the information outweighs the public interest in disclosing the information to the public.

 

Minutes:

THAT in accordance with Section 100 A (4) of the Local Government Act 1972 the public be excluded from the meeting for the following agenda items, because it is likely that if members of the public were present there would be disclosure to them of exempt information as defined in paragraph 3 of Part 1 of Schedule 12 A to the Act and the public interest in withholding the information outweighs the public interest in disclosing the information to the public.

78.

Exempt Minutes

To approve as a correct record the exempt minutes of the meetings held on 13 November 2015.

 

TO FOLLOW

Minutes:

The exempt minutes of the meeting held on 13 November 2015 were agreed as a correct record and signed by the Chairman.

 

79.

Pooling of Investments

To update the Committee

Minutes:

79.1                Graham Burrows provided members with an update at the meeting on the pooling of Local Government Pension Scheme (LGPS) Investments.

 

 

80.

Investment Report - CBRE

(Starting at 10:25am for 40 minutes)

Minutes:

            RESOLVED

 

That the presentation be noted.