Agenda

Venue: Guardsman Tony Downes House, Manchester Road, Droylsden, M43 6SF. View directions

Contact: Carolyn Eaton, Senior Democratic Services Officer  Tel: 0161 342 3050 email:  carolyn.eaton@tameside.gov.uk

Items
No. Item

GENERAL BUSINESS

1.

Chair's Opening Remarks

2.

Apologies for Absence

3.

Declarations of Interest

To receive any declarations of interest from Members of the Panel.

4.

Minutes

4a

Minutes of the Pension Fund Advisory Panel pdf icon PDF 163 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Advisory Panel held on 1 July 2016.

4b

Minutes of the Pension Fund Management Panel pdf icon PDF 64 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Management Panel held on 1 July 2016.

4c

Minutes of the meeting of the Urgent Matters Panel pdf icon PDF 56 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Advisory Panel held on 1 September 2016.

 

5.

Local Government (Access to Information) Act 1985

5a

Urgent Items

To consider any items which the Chair is of the opinion shall be considered as a matter of urgency.

5b

Exempt Items

The Proper Officer is of the opinion that during the consideration of the items set out below, the meeting is not likely to be open to the press and public and therefore the reports are excluded in accordance with the provisions of the Schedule 12A to the Local Government Act 1972.

 

Items

Paragraphs

Justification

9, 10, 11, 12, 13, 14

3&10, 3&10, 3&10, 3&10, 3&10, 3&10

Disclosure would, or would be likely to prejudice the commercial interests of the Fund and/or its agents which could in turn affect the interests of the beneficiaries and/or tax payers.

 

6.

Pension Fund Working Groups/Local Board Minutes

6a

Investment Monitoring and ESG Working Group pdf icon PDF 60 KB

To consider the Minutes of the meeting held on 15 July 2016.

6b

Pensions Administration Working Group pdf icon PDF 56 KB

To consider the Minutes of the meeting held on 15 July 2016.

6c

Alternative Investments Working Group pdf icon PDF 61 KB

To consider the Minutes of the meeting held on 22 July 2016.

6d

Employer Funding Viability Working Group pdf icon PDF 65 KB

To consider the Minutes of the meeting held on 29 July 2016.

6e

Policy and Development Working Group pdf icon PDF 53 KB

To consider the Minutes of the meeting held on 3 August 2016.

6f

Property Working Group pdf icon PDF 83 KB

To consider the Minutes of the meeting held on 5 August 2016.

6g

Local Pensions Board pdf icon PDF 90 KB

To note the Minutes of the meeting held on 1 August 2016.

7.

Working Group Appointments 2016/17

The Chair to announce any changes to Working Group membership.

ITEMS FOR DISCUSSION/DECISION

8.

Actuarial Valuation pdf icon PDF 89 KB

Report of the Assistant Executive Director, Funding and Business Development.

9.

Pooling of Assets

Report of the Assistant Executive Director – Funding and Business Development, attached.

10.

Suggested Changes to Manager Monitoring Regime including Monitoring Escalation

Report of the Assistant Executive Director – Pensions Investments attached.

11.

Quarterly Reports of the Executive Director of Governance, Resources and Pensions

11a

Summary Valuation of the Pension Fund Investment Portfolio as at 30 September 2015 and 31 December 2015

Report of the Assistant Executive Director – Pensions Investments, attached.

11b

External Managers Performance

Report of the Assistant Executive Director – Pensions Investments attached.

12.

LaSalle Investment Management Annual Strategy Report on the Main UK Property Portfolio

Report of the Assistant Executive Director, Local Investments and Property, attached.

13.

Reports of the Managers

Report of the Assistant Executive Director – Pensions Investments attached.

To review the performance of UBS Global Asset Management as Fund Manager

To review the performance of Capital International as Fund Manager

 

14.

Advisor Comments and Questions

15.

GMPF Statement of Accounts 2015/16 and Annual Report pdf icon PDF 66 KB

Report of the Assistant Executive Director, Local Investments and Property attached.

Additional documents:

ITEMS FOR INFORMATION

16.

LGPS Update pdf icon PDF 54 KB

Report of the Assistant Executive Director, Pensions Administration attached.

17.

Section 13 Valuation pdf icon PDF 75 KB

Report of the Assistant Executive Director, Funding and Business Development attached.

18.

Future Training Dates

Trustee training opportunities are available as follows.  Further information/details can be obtained by contacting Loretta Stowers on 0161 301 7151.

 

NAPF Annual Conference

ACC Liverpool

19–21 October 2016

LGPS Fundamentals Training

Leeds Marriott Hotel

Day 1

Day 2

Day 3

 

 

18 October 2016

9 November 2016

6 December 2016

Capital International Training Day

Hilton Doubletree, Manchester

1 December 2016

LAPFF Annual Conference

Marriott Hotel Bournemouth

7–9 December 2016

 

19.

Dates of Future Meetings

 

Management/Advisory Panel

18 November 2016

10 March 2017

Local Pensions Board

13 October 2016

15 December 2016

30 March 2016

Pensions Administration Working Group

14 October 2016

27 January 2017

7 April 2017

Investment Monitoring and ESG Working Group

14 October 2016

27 January 2017

7 April 2017

Alternative Investments Working Group

21 October 2016

3 February 2017

13 April 2017

Property Working Group

4 November 2016

17 February 2017

13 April 2017

Policy and Development Working Group

6 October 2016

2 February 2017

23 March 2017

Employer Funding Viability Working Group

28 October 2016

10 February 2017

21 April 2017