Decision details

Speakers:

Lloyd Whitworth, Head of Investment & Stewardship

Neil Mason, LGPS Senior Officer

Anthony Fletcher, Independent Advisor, MJ Hudson

Key points raised during the discussion:

1.    The Head of Investment & Stewardship introduced the submitted Part 2 report and the Committee discussed in detail the issues raised earlier in the meeting regarding Derbyshire and Cheshire and the risks around that.

2.    It was reiterated that the Committee were just being asked to note the compliance as there was a call to defer decision.

3.    The Independent Advisor read a statement shared by the Head of Pensions at Derbyshire.

4.    The Committee acknowledged that further information could come in future reports to assess engagement with the Investment Consultant. In the light of this the recommendations were approved.

Actions/ further information to be provided:

None

Resolved:

1.    That compliance of the Investment Consultant provider for 2023 against the Fund’s Strategic Objectives for Investment Consultants, as approved in December 2021, be noted.

2.    That the submission of the Competition and Markets Authority Compliance Statement and Certificate for 2023 be approved.