Agenda
PDF 471 KBVenue: Woodhatch Place, 11 Cockshot Hill, Reigate, Surrey ,RH2 8EF
Contact: Angela Guest Email: angela.guest@surreycc.gov.uk
Media
| No. | Item |
|---|---|
|
APOLOGIES FOR ABSENCE AND SUBSTITUTIONS
Additional documents: |
|
|
MINUTES OF THE PREVIOUS MEETING [17 June 2022]
To agree the minutes as a true record of the meeting. Additional documents: |
|
|
DECLARATIONS OF INTEREST
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. Additional documents: |
|
|
FORWARD PLAN AND ACTION TRACKING
An action tracker is attached, detailing actions from previous meetings. The Committee is asked to review progress on the items listed. Additional documents: |
|
|
LOCAL PENSION BOARD REPORT
This report provides a summary of administration and governance issues reviewed by the Local Pension Board (the Board) at its last meeting for noting or action by the Pension Fund Committee. Additional documents: |
|
|
INVESTMENT MANAGER 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.
NB: Part 2 annex at item 13
Additional documents: |
|
|
COMPANY ENGAGEMENT & VOTING
This report is a summary of various Environmental Social & Governance (ESG) issues that the Surrey Pension Fund, Local Authority Pension Fund Forum (LAPFF), Robeco, and Border to Coast Pensions Partnership (BCPP) have been involved in, for the attention of the Pension Fund Committee.
NB: Part 2 annexes 4 and 5 at item 14 Additional documents: |
|
|
ANNUAL REPORT 2021/22
This report provides an update to the production of the 2021/22 Pension Fund Annual Report.
Additional documents: |
|
This report provides an update to the 2022 triennial valuation including a report from the Fund actuary, Hymans Robertson.
Additional documents: |
|
|
LGPS UPDATE (BACKGROUND PAPER)
This report considers recent developments in the LGPS. Additional documents: |
|
|
EXCLUSION OF THE PUBLIC
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. Additional documents: |
|
|
INVESTMENT MANAGER PERFORMANCE AND ASSET/LIABILITIES UPDATE This is the Part 2 annex to item 7 |
|
|
COMPANY ENGAGEMENT & VOTING Annexes 4 and 5 for item 8 attached. |
|
|
ASSET CLASS FOCUS - REAL ESTATE As part of good governance, the Committee periodically reviews the performance of the Fund’s investments. |
|
|
RESPONSIBLE INVESTMENT POLICY UPDATE This paper provides details of the progress made in developing the Surrey Pension Fund’s (the Fund’s) standalone Responsible Investment (RI) Policy. |
|
|
TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES (TCFD) REPORT The Surrey Pension Fund Committee has committed to publishing a Task Force on Climate-related Financial Disclosures (TCFD) report annually. |
|
|
BORDER TO COAST PENSIONS PARTNERSHIP UPDATE This paper provides the Pension Fund Committee (Committee) with an update of current activity being undertaken by the Border to Coast Pensions Partnership (BCPP). |
|
|
BORDER TO COAST PENSIONS PARTNERSHIP PATHWAY TO NET ZERO This paper provides details of the progress made by Border to Coast Pensions Partnership (BCPP) towards measuring and monitoring carbon emissions within the portfolios and how target reductions will be set with reference to a net zero pathway to 2050 or sooner.
|
|
|
NET ZERO CONSIDERATIONS This paper provides an update on analysis by Mercer in consideration of the Surrey Pension Fund’s desired date for achieving net-zero.
|
|
|
PUBLICITY OF PART 2 ITEMS
To consider whether the item considered under Part 2 of the agenda should be made available to the Press and public. Additional documents: |
|
|
DATE OF NEXT MEETING
The next meeting of the Surrey Pension Fund Committee will be on [ ]. Additional documents: |