Agenda

Greater Manchester Pension Fund - Management/Advisory Panel - Friday, 11th March, 2016 9.45 am

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

MEMBER TRAINING

Robert Plumb, Pensions Regulator, to attend before Members to provide information with regard to the role of the Pensions Regulator.

GENERAL BUSINESS

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 139 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Advisory Panel held on 11 December 2015.

4b

Minutes of the Pension Fund Management Panel pdf icon PDF 70 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Management Panel held on 11 December 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

8, 9, 11, 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 71 KB

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

6b

Pensions Administration Working Group pdf icon PDF 61 KB

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

6c

Alternative Investments Working Group pdf icon PDF 51 KB

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

6d

Property Working Group pdf icon PDF 72 KB

To consider the Minutes of the meeting held on 19 February 2016.

6e

Employer Funding Viability Working Group pdf icon PDF 62 KB

To consider the Minutes of the meeting held on 12 February 2016.

6f

Policy and Development Working Group pdf icon PDF 119 KB

To consider the Minutes of the meetings held on 11 December 2015 and 4 February 2016.

Additional documents:

6g

Local Pensions Board pdf icon PDF 107 KB

To note the Minutes of the meeting held on 19 January 2016.

ITEMS FOR DISCUSSION/DECISION

7.

Management Summary pdf icon PDF 94 KB

Report of the Executive Director of Pensions attached.

Additional documents:

8.

Pooling of Assets

Report of the Executive Director of Pensions attached.

9.

Review of Investment Management Arrangements

Report of the Executive Director of Pensions attached.

10.

Medium Term Financial Strategy pdf icon PDF 120 KB

Report of the Executive Director of Pensions attached.

11.

Business Plan

Report of the Executive Director of Pensions attached.

12.

Quarterly Reports of the Executive Director of Pensions

12a

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

Report of the Executive Director of Pensions attached.

12b

External Managers Performance

Report of the Executive Director of Pensions attached.

13.

Reports of the Managers

Report of the Executive Director of Pensions 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.

Reporting Breaches of the Law to the Pensions Regulator pdf icon PDF 70 KB

Report of the Executive Director of Pensions attached.

Additional documents:

ITEMS FOR INFORMATION

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.

 

Legal and General Trustee Education Seminars

Oulton Hall, Leeds

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

NAPF Local Authority Conference

Cotswold Water park

Four Pillars Hotel

Gloucestershire

16 – 18 May 2016

UBS Member Training Day

Manchester venue to be advised

2 June 2016

Annual LGPS Trustees Conference 2016

MacDonald Hotel, Manchester

23 – 24 June 2016

LGA Annual Conference 2016

Bournemouth International Centre

5 – 7 July 2016

NAPF Annual Conference

ACC Liverpool

19–21 October 2016

Capital International Training Day

Manchester venue to be advised

1 December 2016

LAPFF Annual Conference

Marriott Hotel Bournemouth

7–9 December 2016

 

17.

Dates of Future Meetings

Management/Advisory Panel

1 July 2016

23 September 2016

18 November 2016

10 March 2017

Local Pensions Board

30 March 2016

Pensions Administration Working Group

8 April 2016

15 July 2016

14 October 2016

27 January 2017

7 April 2017

Investment Monitoring and ESG Working Group

8 April 2016

15 July 2016

14 October 2016

27 January 2017

7 April 2017

Alternative Investments Working Group

15 April 2016

22 July 2016

21 October 2016

3 February 2017

13 April 2017

Property Working Group

5 August 2016

4 November 2016

17 February 2017

13 April 2017

Policy and Development Working Group

24 March 2016

26 May 2016

6 October 2016

2 February 2017

23 March 2017

Employer Funding Viability Working Group

22 April 2016

29 July 2016

28 October 2016

10 February 2017

21 April 2017