Agenda
PDF 467 KBVenue: Woodhatch Place, 11 Cockshot Hill, Reigate, Surrey ,RH2 8EF
Contact: Angela Guest Email: angela.guest@surreycc.gov.uk
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APOLOGIES FOR ABSENCE AND SUBSTITUTIONS
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MINUTES OF THE PREVIOUS MEETING [10 March 2022]
To agree the minutes as a true record of the meeting. Additional documents: |
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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: |
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QUESTIONS AND PETITIONS
To receive any questions or petitions.
Notes: 1. The deadline for Member’s questions is 12.00pm four working days before the meeting (13/06/2022). 2. The deadline for public questions is seven days before the meeting (10/06/2022). 3. The deadline for petitions was 14 days before the meeting, and no petitions have been received.
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FORWARD PLAN AND ACTION TRACKER
The Committee are asked to review the forward plan and action tracker. Additional documents: |
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LOCAL PENSION BOARD UPDATE
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: |
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INVESTMENT AND FUNDING 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.
Note: Annex 1 is in Part 2 of the agenda at Item 14 Additional documents: |
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ENGAGEMENT AND VOTING UPDATE
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.
Note: Annexes 4 & 5 are in Part 2 of this agenda at Item 15 Additional documents: |
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This report provides an update to the 2022 triennial valuation including a report from the Fund actuary, Hymans Robertson.
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BUSINESS PLAN 2021/22 - OUTTURN REPORT
This report sets out the outturn of the annual business plan for 2021/22.
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RE-APPOINTMENT OF THE CHAIR OF THE LOCAL PENSION BOARD
This report sets out the proposed extension of the appointment of the current Independent chairman of the Local Pension Board, Tim Evans, for a further one year term.
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LGPS UPDATE (BACKGROUND PAPER)
This report considers recent developments in the LGPS.
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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: |
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INVESTMENT AND FUNDING UPDATE
This is the Part 2 Annex to item 7 on the agenda. |
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ENGAGEMENT AND VOTING UPDATE
These are the Part 2 Annexes to item 8 on the agenda. |
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INVESTMENT STRATEGY REVIEW
The Pension Fund is reviewing its Investment Strategy in accordance with the 2022 valuation, taking into account its investment core beliefs and in line with the asset offerings of Border to Coast Pensions Partnership (BCPP). This paper presents the high-level analysis for review.
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RESPONSIBLE INVESTMENT UPDATE
This paper provides details of the progress made in developing the Surrey Pension Fund’s (the Fund’s) standalone Responsible Investment (RI) Policy. |
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ASSET FOCUS CLASS - EQUITIES
As part of good governance, the Committee periodically reviews the performance of the Fund’s investments. This paper concentrates on Equities. |
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BORDER TO COAST UPDATE
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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: |
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DATE OF NEXT MEETING
The next meeting of the Surrey Pension Fund Committee will be on 9 September 2022. Additional documents: |