Agenda

Surrey Pension Fund Committee - Friday, 11 December 2020 10.00 am

Venue: REMOTE

Contact: Angela Guest  Email: angela.guest@surreycc.gov.uk

Items
No. Item

1.

APOLOGIES FOR ABSENCE AND SUBSTITUTIONS

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2.

MINUTES OF THE PREVIOUS MEETING [11 SEPTEMBER 2020] pdf icon PDF 710 KB

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    To agree the minutes as a true record of the meeting.

3.

DECLARATIONS OF INTEREST

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    All Members present are required to declare, at this point in the meeting or as soon as possible thereafter

    (i)            Any disclosable pecuniary interests and / or

    (ii)           Other interests arising under the Code of Conduct in respect of any item(s) of business being considered at this meeting

    NOTES:

    ·         Members are reminded that they must not participate in any item where they have a disclosable pecuniary interest

    ·         As well as an interest of the Member, this includes any interest, of which the Member is aware, that relates to the Member’s spouse or civil partner (or any person with whom the Member is living as a spouse or civil partner)

    ·         Members with a significant personal interest may participate in the discussion and vote on that matter unless that interest could be reasonably regarded as prejudicial.

4.

QUESTIONS AND PETITIONS

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    To receive any questions or petitions.

     

    Notes:

    1.  The deadline for Member’s questions is 12.00pm four working days before the meeting (7/12/2020).

    2.  The deadline for public questions is seven days before the meeting (4/12/2020).

    3.  The deadline for petitions was 14 days before the meeting, and no petitions have been received.

     

5.

Local pension board pdf icon PDF 321 KB

6.

CASHFLOW ANALYSIS pdf icon PDF 221 KB

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    In accordance with Fund’s funding objectives in the 2020/21 Business Plan.

     

7.

EXIT CAP DECISIONS pdf icon PDF 239 KB

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    This report provides the Pension Fund Committee with details of urgent decisions made regarding the processing of exit payments for eligible local government employees.

    Additional documents:

8.

MINISTRY OF HOUSING COMMUNITIES AND LOCAL GOVERNMENT - CONSULTATION ON THE REFORM OF LOCAL GOVERNMENT EXIT PAYMENTS pdf icon PDF 240 KB

9.

MINISTRY OF HOUSING COMMUNITIES AND LOCAL GOVERNMENT - CONSULTATION ON AMENDMENTS TO THE LOCAL GOVERNMENT PENSION SCHEME STATUTORY UNDERPIN pdf icon PDF 237 KB

10.

NATIONAL KNOWLEDGE ASSESSMENT (NKA) RESULTS AND TRAINING PLAN pdf icon PDF 137 KB

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    The report sets out the results of the National Knowledge Assessment (NKA) conducted by Hymans Robertson.

    Additional documents:

11.

DEPARTMENT FOR WORK AND PENSIONS - CONSULTATION ON TAKING ACTION ON CLIMATE RISK: IMPROVING GOVERNANCE AND REPORTING BY OCCUPATIONAL PENSION SCHEMES pdf icon PDF 242 KB

12.

INVESTMENT CORE BELIEFS AND THE UNITED NATION'S SUSTAINABLE DEVELOPMENT GOALS pdf icon PDF 390 KB

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    Surrey Pension Fund is reviewing its investment strategy with a view to ensuring that it is in line with its Mission Statement and the emphasis on environmental, social and governance (ESG) considerations, in the wider context of the United Nation’s Sustainable Development Goals (SDGs).

    Additional documents:

13.

COMPANY ENGAGEMENT & VOTING pdf icon PDF 448 KB

14.

RESPONSIBLE INVESTMENT POLICY REVIEW pdf icon PDF 331 KB

15.

EXCLUSION OF THE PUBLIC

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    Recommendation: That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items of business on the grounds that they involve the likely disclosure of exempt information under the relevant paragraphs of Part 1 of Schedule 12A of the Act.

16.

INVESTMENT MANAGER ISSUES AND PERFORMANCE AND ASSET/LIABILITIES UPDATE

    This report is a summary of all manager issues that need to be brought to the attention of the Pension Fund Committee, as well as an update on investment performance and the values of assets and liabilities.

     

17.

PRIVATE MARKET REVIEW

    As part of good governance, the Committee reviews the performance of the Fund’s Private Market investments annually. This report is a review of the investment performance of the Private Market portfolio.

     

18.

PROVISION OF INVESTMENT ADVICE AND CONSULTATION SERVICES

19.

BORDER TO COAST UPDATE

20.

PUBLICITY OF PART 2 ITEMS

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    To consider whether the item considered under Part 2 of the agenda should be made available to the Press and public.

21.

DATE OF NEXT MEETING

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    The next meeting of the Surrey Pension Fund Committee will be on 12 March 2021.