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 119 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Advisory Panel held on 23 September 2016.

4b

Minutes of the Pension Fund Management Panel pdf icon PDF 65 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Management Panel held on 23 September 2016.

4c

Minutes of the Annual General Meeting pdf icon PDF 74 KB

To approve as a correct record the Minutes of the meeting of the Annual General Meeting held on 23 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

7, 8, 9, 11, 12, 13, 14, 15

3&10, 3&10, 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

Policy and Development Working Group pdf icon PDF 72 KB

To consider the Minutes of the meeting held on 6 October 2016.

6b

Local Pensions Board pdf icon PDF 88 KB

To note the Minutes of the meeting held on 13 October  2016.

6c

Investment Monitoring and ESG Working Group pdf icon PDF 92 KB

To consider the Minutes of the meeting held on 14 October 2016.

6d

Pensions Administration Working Group pdf icon PDF 78 KB

To consider the Minutes of the meeting held on 14 October 2016.

 

6e

Alternative Investments Working Group pdf icon PDF 81 KB

To consider the Minutes of the meeting held on 21 October 2016.

6f

Employer Funding Viability Working Group pdf icon PDF 74 KB

To consider the Minutes of the meeting held on 28 October 2016.

6g

Property Working Group pdf icon PDF 83 KB

To consider the Minutes of the meeting held on 4 November 2016.

ITEMS FOR DISCUSSION/DECISION

7.

The Future of Responsible Investing and Stewardship - Presentation from PIRC

Alan McDougal of PIRC to attend before Members to give a presentation on the Future of Responsible Investing and Stewardship.

8.

GMPF's Statement of Compliance with the UK Stewardship Code

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

9.

Scheme Advisory Board - Investment Costs Code of Transparency

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

10.

LGPS Pooling and Infrastructure Investment pdf icon PDF 67 KB

Report of the Assistant Executive Director of Pensions – Local Investments and Property.

Additional documents:

11.

Actuarial Valuation

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

12.

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

12a

Summary Valuation of the Pension Fund Investment Portfolio as at 30 June 2016 and 30 September 2016

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

12b

External Managers Performance

Report of the Assistant Executive Director – Pensions Investments 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

14.

Advisor Comments and Questions

15.

Consolidation of LGPS Interests

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

ITEMS FOR INFORMATION

16.

Pensions Update pdf icon PDF 96 KB

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

17.

Future Training Dates

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

 

SPS conference – Annual Northern Pension Funds Investment Conference

Manchester Victoria and Albert Hotel

22 November 2016

LGPS Fundamentals Training

Leeds Marriott Hotel

Day 3

 

 

6 December 2016

Capital International Training Day

Hilton Doubletree, Manchester

1 December 2016

LAPFF Annual Conference

Marriott Hotel Bournemouth

7–9 December 2016

PLSA Investment Conference

EICC Edinburgh

8–10 March 2017

PLSA Local Authority Conference

Cotswold Water Park Hotel, Gloucestershire

15–17 May 2017

 

18.

Dates of Future Meetings

 

Management/Advisory Panel

10 March 2017

Local Pensions Board

15 December 2016

30 March 2016

Pensions Administration Working Group

27 January 2017

7 April 2017

Investment Monitoring and ESG Working Group

27 January 2017

7 April 2017

Alternative Investments Working Group

3 February 2017

13 April 2017

Property Working Group

17 February 2017

13 April 2017

Policy and Development Working Group

2 February 2017

23 March 2017

Employer Funding Viability Working Group

10 February 2017

21 April 2017