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

1.

Chair's Opening Remarks

2.

Apologies for Absence

To receive any apologies for the meeting from Members of the Panel.

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 116 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Advisory Panel held on 2 October 2015.

4b

Minutes of the Pension Fund Management Panel pdf icon PDF 66 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Management Panel held on 2 October 2015.

4c

Minutes of the Annual General Meeting pdf icon PDF 69 KB

To approve the Minutes of the Annual General Meeting held on 2 October 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.

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, 10, 12, 13,

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 61 KB

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

6b

Pensions Administration Working Group pdf icon PDF 73 KB

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

6c

Alternative Investments Working Group pdf icon PDF 61 KB

To consider the Minutes of the meeting held on 23 October 2015.

6d

Property Working Group pdf icon PDF 72 KB

To consider the Minutes of the meeting held on 6 November 2015.

6e

Employer Funding Viability Working Group pdf icon PDF 65 KB

To consider the Minutes of the meeting held on 30 October 2015.

6f

Local Pensions Board pdf icon PDF 81 KB

To note the Minutes of the meeting held on 6 October 2015.

7.

Quarterly Reports of the Executive Director of Pensions

7a

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

7b

External Managers Performance

8.

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

9.

Advisor Comments and Questions

10.

Pooling of Assets

Report of the Executive Director of Pensions attached.

11.

Management Summary pdf icon PDF 126 KB

Report of the Executive Director of Pensions attached.

Additional documents:

12.

Scenario Planning

Report of the Executive Director of Pensions attached.

13.

Collaboration with Other LGPS Funds on Investments

Report of the Executive Director of Pensions attached.

14.

Statement of Investment Principles pdf icon PDF 65 KB

Report of the Executive Director of Pensions attached.

Additional documents:

15.

Member Training pdf icon PDF 48 KB

Report of the Executive Director of Pensions attached.

Additional documents:

16.

Future Training Dates

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

 

330 Consulting elected Member Educational Event

The Members Dining Room, Palace of Westminster, London

 

This event is of particular relevance to those members of the Pensions Committees and Boards who are relatively new to their roles, but is also appropriate for other, more experienced individuals who would like a refresher on some key investment concepts and issues

27 February 2016

LGS Investment Summit

Carden Park, Chester

3 – 4 March 2016

NAPF Investment Conference

Edinburgh Conference Centre

9 – 11 March 2016

Legal and General Trustee Education Seminars

Introductory Seminar (08.30 – 12.30)

Advanced Seminar (12.30 – 17.00)

Risk Management (08.30 – 12.30)

21 April 2016

21 April 2016

22 April 2016

 

17.

Dates of Future Meetings

Management/Advisory Panel

11 March 2016

Local Pensions Board

19 January 2016

30 March 2016

Pensions Administration Working Group

29 January 2016

8 April 2016

Investment Monitoring and ESG Working Group

29 January 2016

8 April 2016

Alternative Investments Working Group

5 February 2016

15 April 2016

Property Working Group

19 February 2016

1 April 2016

Policy and Development Working Group

6 January 2016

4 February 2016

24 March 2016

Employer Funding Viability Working Group

12 February 2016

22 April 2016