Agenda

Surrey Pension Fund Committee - Friday, 9 July 2021 10.00 am

Venue: Hybrid - Woodhatch Place, 11 Cockshot Hill, Reigate RH2 8EF

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

Note: MEMBERS OF THE PUBLIC WISHING TO ATTEND IN PERSON WILL BE LIMITED. IF YOU WOULD LIKE TO ATTEND OR YOU HAVE ANY SPECIAL REQUIREMENTS, please email angela.guest@surreycc.gov.uk 

Media

Items
No. Item

1.

APOLOGIES FOR ABSENCE AND SUBSTITUTIONS

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2.

MINUTES OF THE PREVIOUS MEETING [12/03/2021] pdf icon PDF 406 KB

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

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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.

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4.

QUESTIONS AND PETITIONS pdf icon PDF 163 KB

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    To receive any questions or petitions.

     

    Notes:

    a)    The deadline for Member’s questions is 12.00pm four working days before the meeting (05/07/2021).

    b)    The deadline for public questions is seven days before the meeting (02/07/2021).

     

    c)    One petition with 751 signatories has been received from Mr Stephen McDonald and reads:

     

    Remove all investments in oil, gas and coal

     

    Why is this important? Right now the Surrey Pension Fund has around £90 million invested directly in climate wrecking fossil fuels despite the efforts of our DivestSurrey campaign and many similar campaign groups across Surrey to persuade them to divest. Thousands of people across the country are asking why local authority pension funds such as ours in Surrey deem it acceptable to fund companies like BP who have a committed £41 billion looking for new fossil fuel reserves over the next decade. It is absolutely senseless!

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5.

Pension Fund Committee - Forward Plan pdf icon PDF 19 KB

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    The Committee is asked to review its Forward Plan.

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6.

Business Plan 2021/22 pdf icon PDF 242 KB

7.

Investment and funding report pdf icon PDF 1 MB

8.

Investment core beliefs and Sustainable Development Goals incorporation implementation update pdf icon PDF 255 KB

9.

Company engagement and voting pdf icon PDF 410 KB

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    In accordance with Fund’s investment objectives in the 2021/22 Business Plan.

     

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10.

Pension fund accounts pdf icon PDF 226 KB

11.

Governance compliance statement pdf icon PDF 297 KB

12.

Scheme Advisory Board good governance phase III pdf icon PDF 228 KB

13.

Increasing normal early retirement age consultation pdf icon PDF 301 KB

14.

Department for Work & Pensions - pension scams consultation pdf icon PDF 221 KB

15.

The Pension Regulator single code consultation pdf icon PDF 222 KB

16.

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.

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17.

Investment and funding report

18.

Border to Coast update

19.

Investment consultant procurement

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.

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21.

DATE OF NEXT MEETING

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    The next meeting of the Surrey Pension Fund Committee will be on 10 September 2021.

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