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.

Declarations of Interest

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

2.

Chair's Opening Remarks

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 177 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Advisory Panel held on 11 March 2016.

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 11 March 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, 15

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

Investment Monitoring and ESG Working Group pdf icon PDF 67 KB

To consider the Minutes of the meeting held on 8 April 2016.

6b

Pensions Administration Working Group pdf icon PDF 54 KB

To consider the Minutes of the meeting held on 8 April 2016.

6c

Alternative Investments Working Group pdf icon PDF 83 KB

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

6d

Employer Funding Viability Working Group pdf icon PDF 62 KB

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

6e

Policy and Development Working Group pdf icon PDF 85 KB

To consider the Minutes of the meetings held on 26 May 2016.

6f

Local Pensions Board pdf icon PDF 120 KB

To note the Minutes of the meeting held on 30 March 2016.

7.

Working Group Appointments 2016/17 pdf icon PDF 52 KB

Report of the Executive Director of Governance, Resources and Pensions attached.

ITEMS FOR DISCUSSION/DECISION

8.

Management Summary pdf icon PDF 60 KB

Report of the Executive Director of Governance, Resources and Pensions attached.

Additional documents:

9.

Pooling of Assets

Report of the Executive Director of Governance, Resources and Pensions attached.

10.

Investment Strategy and Tactical Positioning 2016/17

Report of the Executive Director of Governance, Resources and Pensions attached.

11.

Extension of External Active Multi Asset Securities Managers' appointments and Associated Fee Arrangements

Report of the Executive Director of Governance, Resources and Pensions.

12.

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

12b

External Managers Performance

Report of the Executive Director of Governance, Resources and Pensions attached.

13.

Annual Performance Reports

13a

Long Term Performance 2015/16 - Main Fund and Active Managers

13b

Cash Management

13c

Long Term Property Performance (IPD Review 2016 etc)

14.

Reports of the Managers

Report of the Executive Director of Governance, Resources and Pensions attached.

To review the performance of Capital International as Fund Manager

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

15.

Advisor Comments and Questions

16.

External Audit Plan 2015/16 pdf icon PDF 46 KB

Report of the Executive Director, Governance, Resources and Pensions attached.

Additional documents:

17.

GMPF Statement of Accounts 2015/16 Governance Arrangements pdf icon PDF 67 KB

Report of the Executive Director of Governance Finance and Resources.

18.

GMPF Administration Expenditure Monitoring Statement for Financial Year 2015/16 pdf icon PDF 75 KB

Report of the Executive Director of Governance, Finance and Resources.

ITEMS FOR INFORMATION

19.

LGPS Update pdf icon PDF 74 KB

Report of the Executive Director of Governance, Resources and Pensions.

20.

Future Training Dates

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

 

LGA Annual Conference 2016

Bournemouth International Centre

5 – 7 July 2016

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

 

21.

Dates of Future Meetings

Management/Advisory Panel

23 September 2016 (AGM)

18 November 2016

10 March 2017

Local Pensions Board

1 August 2016

13 October 2016

15 December 2016

30 March 2016

Pensions Administration Working Group

15 July 2016

14 October 2016

27 January 2017

7 April 2017

Investment Monitoring and ESG Working Group

15 July 2016

14 October 2016

27 January 2017

7 April 2017

Alternative Investments Working Group

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

6 October 2016

2 February 2017

23 March 2017

Employer Funding Viability Working Group

29 July 2016

28 October 2016

10 February 2017

21 April 2017