Agenda

Surrey Pension Fund Committee
Friday, 13 September 2019 10.00 am

Venue: Ashcombe Suite, County Hall, Penrhyn Road, Kingston upon Thames, Surrey, KT1 2DN

Contact: Ben Cullimore  020 8213 2782

Items
No. Item

1.

APOLOGIES FOR ABSENCE AND SUBSTITUTIONS

2.

MINUTES OF THE PREVIOUS MEETING: 7 JUNE 2019 pdf icon PDF 196 KB

3.

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.

4.

QUESTIONS AND PETITIONS

    To receive any questions or petitions.

     

    Notes:

     

    1.    The deadline for Members’ questions is 12.00pm four working days before the meeting (9 September 2019).

    2.    The deadline for public questions is seven days before the meeting (8 September 2019).

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

5.

COMPANY ENGAGEMENT & VOTING pdf icon PDF 183 KB

6.

DRAFT ANNUAL REPORT & AUDITED STATEMENT OF ACCOUNTS pdf icon PDF 79 KB

7.

LOCAL PENSION BOARD REPORT pdf icon PDF 112 KB

8.

GOVERNANCE COMPLIANCE STATEMENT pdf icon PDF 97 KB

    Local authority pension funds are required to publish and keep under review a Governance Compliance Statement. The Governance Compliance Statement of the Surrey Pension Fund is comprised from the Compliance to Statutory Guidance Statement and a Governance Policy Statement.

     

    The Governance Compliance Statement was last reviewed by the Pension Fund Committee at its meeting of 22 May 2015. This paper notes any changes to the Governance Compliance Statement since the last review.

9.

MINISTRY OF HOUSING, COMMUNITIES & LOCAL GOVERNMENT (MHCLG) - CONSULTATION ON CHANGES TO THE LOCAL VALUATION CYCLE AND THE MANAGEMENT OF EMPLOYER RISK pdf icon PDF 110 KB

10.

SCHEME ADVISORY BOARD REVIEW OF GOVERNANCE IN THE LGPS pdf icon PDF 96 KB

    In January 2019, the Scheme Advisory Board (SAB) appointed Hymans Robertson (Hymans) to facilitate a review of governance structures for the LGPS. This paper provides details of the survey issued by Hymans and the subsequent report “Good Governance in the LGPS”, published in July 2019. Any changes to the LGPS governance will have an impact on the Surrey Fund.

11.

SURREY PENSION FUND LOGO pdf icon PDF 100 KB

12.

2019 VALUATION UPDATE pdf icon PDF 95 KB

13.

CASHFLOW ANALYSIS pdf icon PDF 80 KB

14.

INVESTMENT STRATEGY REVIEW

15.

INVESTMENT MANAGER ISSUES

16.

BORDER TO COAST UPDATE

17.

DATE OF NEXT MEETING