NATIONAL POOLING UPDATE
This is a part 2 report.
Additional documents:
Minutes:
Declarations of interest:
None
Witnesses:
Neil Mason, Head of Pensions
Daniel Booth, Chief Investment Officer, Border to Coast Pension Partnership
Steve Turner, Partner, Mercer
Sam Wreyford, Mercer
Anthony Fletcher, Independent Advisor
Key points raised during the discussion:
Actions/ further information to be provided:
None.
Resolved:
The Pension Fund Committee noted the pooling update report.
BORDER TO COAST PENSIONS PARTNERSHIP: POOLING UPDATE
Purpose of the report: The Pension Fund Committee must be kept apprised of the progress made by the Officer Operations Group (OOG), Joint Committee and BCPP Shareholder Board in the drive to create a full functioning asset pool.
Additional documents:
Minutes:
Declarations of interest:
None
Witnesses:
Neil Mason, Head of Pensions
John Harrison, Interim Chief Investment Officer, Border to Coast Pension Partnership
Steve Turner, Partner, Mercer
Key points raised during the discussion:
Tony Elias left the meeting @12.35pm
Actions/ further information to be provided:
Resolved:
The Pension Fund Committee,
a) Noted that compliance with the “necessary conditions” of governance for the BCPP UK Alpha fund was met on 15 October 2018 and that the transition of the UK equity portion of the Surrey Pension Fund portfolio to the BCPP has commenced.
b) Approved in principle, the transition of the active global equity portion of the Surrey Pension Fund portfolio to the BCPP national pool when its design has been established to the satisfaction of officers and Fund advisors and assuming that the “necessary conditions” of governance have been satisfied.
c) Approved (subject to meeting “necessary conditions” prior to launch) a 2019 commitment consistent with the Surrey ... view the full minutes text for item 74