Agenda

Greater Manchester Pension Fund - Management/Advisory Panel - Friday, 2nd October, 2015 9.45 am

Venue: Guardsman Tony Downes House, 5 Manchester Road, Droylsden. M43 6SF

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

Items
No. Item

1.

Chair's Opening Remarks

2.

Apologies for Absence

3.

Declarations of Interest

4.

Minutes

4a

Advisory Panel Minutes pdf icon PDF 157 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Advisory Panel on 3 July 2015.

4b

Management Panel Minutes pdf icon PDF 72 KB

To approve as a correct record the Minutes of the Meeting of the Pension Fund Management Panel held on 3 July 2015.

4c

Urgent Matters Panel Minutes

To note the Minutes of the meeting of the GMPF Urgent Matters Panel held on 2 September 2015.

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.

5y

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, 12, 13

3&10, 3&10, 1&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

6a

Investment Monitoring and ESG Working Group

To consider the Minutes of the meeting held on 16 July 2015.

6b

Pensions Administration Working Group

To consider the Minutes of the meeting held on 17 July 2015.

6c

Alternative Investments Working Group pdf icon PDF 60 KB

To consider the Minutes of the meeting held on 24 July 2015.

6d

Property Working Group pdf icon PDF 75 KB

To consider the Minutes of the meeting held on 24 July 2015.

6e

Employer Funding Viability Working Group pdf icon PDF 70 KB

To consider the Minutes of the meeting held on 24 July 2015.

7.

Management Summary pdf icon PDF 141 KB

Report of the Executive Director of Pensions attached.

8.

LGPS Update pdf icon PDF 92 KB

Report of the Executive Director of Pensions attached.

 

Additional documents:

9.

Quarterly Reports of the Executive Director of Pensions

9a

Summary Valuation of the Pension Fund Investment Portfolio as at 31 March 2015 and 30 June 2015

9b

Underwriting, Stocklending and Commission Recapture

9c

External Managers Performance

10.

Property Investment Strategy

Report of the Executive Director of Pensions attached.

 

11.

Reports of the Managers

Report of the Executive Director of Pensions attached.

 

To review the performance of Capital International as Fund Manager.

 

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

12.

Advisor Comments and Questions

13.

Employer Update

Report of the Executive Director of Pensions attached.

 

14.

Annual Report and Accounts

14a

Audit Finding Report and Letter of Representation pdf icon PDF 58 KB

Additional documents:

14b

Annual Report and Accounts pdf icon PDF 54 KB

15.

The Pensions Regulator's Public Service Governance and Administration Survey pdf icon PDF 51 KB

Report of the Executive Director of Pensions attached.

 

Additional documents:

16.

Annual Administration Report - Review of Delegated Actions pdf icon PDF 71 KB

Report of the Executive Director of Pensions attached.

 

17.

Future Training Dates pdf icon PDF 37 KB

18.

Dates of Future Meetings pdf icon PDF 34 KB