Agenda

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

Contact: Carolyn Eaton, Senior Democratic Services Officer  0161 342 3050 or 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 134 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Advisory Panel held on 23 March 2018.

4b

Minutes of the Pension Fund Management Panel pdf icon PDF 86 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Management Panel held on 23 March 2018.

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

7,8,9,10,11,12,13,

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

Local Pensions Board pdf icon PDF 91 KB

To note the Minutes of the meeting held on 29 March 2018.

6b

Investment Monitoring and ESG Working Group pdf icon PDF 80 KB

To consider the Minutes of the meeting held on 6 April 2018.

6c

Pensions Administration Working Group pdf icon PDF 84 KB

To consider the Minutes of the meeting held on 6 April 2017.

 

6d

Alternative Investments Working Group pdf icon PDF 69 KB

To consider the Minutes of the meeting held on 13 April 2018.

6e

Employer Funding Viability Working Group pdf icon PDF 79 KB

To consider the Minutes of the meeting held on 20 April 2018.

6f

Property Working Group pdf icon PDF 84 KB

To consider the Minutes of the meeting held on 6 July 2018.

6g

Policy and Development Working Group pdf icon PDF 74 KB

To consider the Minutes of the meeting held on 14 June 2018.

ITEMS FOR DISCUSSION/DECISION

7.

Investment Strategy and Tactical Positioning 2018/19

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

8.

Review of Investment Management Arrangements

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

9.

Performance Dashboard

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

10.

Annual Performance Reports

10a

Long Term Performance 2017/18 - Main Fund and Active Managers

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

10b

Cash Management

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

10c

Property Investment Performance Monitoring

Report of the Assistant Director, Local Investments and Property, attached.

11.

Advisor Comments and Questions

12.

Northern Pool Update

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

13.

Pensions Aspects of Waste Retendering

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

14.

GMPF Statement of Accounts and Annual Report 2017/18 pdf icon PDF 95 KB

Report of the Assistant Director of Pensions, Local Investments and Property, attached.

Additional documents:

ITEMS FOR INFORMATION

15.

Revised Terms of Reference for Working Groups pdf icon PDF 453 KB

Report of the Director of Pensions attached.

16.

Pensions Administration Update pdf icon PDF 71 KB

Report of the Pensions Policy Manager attached.

Additional documents:

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.

 

LGC Investment Summit –

Celtic Manor

6 -7 September 2018

SPS Credit and Private Debt Investing for Pension Funds Conference

London

30 August 2018

Sustainable and Responsible Investing Forum 2018 – Asset Owners Meet Portfolio Managers

London

11 -12 September 2018

LGE Fundamentals Training

Leeds

Day 1

Day 2

Day 3

 

 

2 October 2018

6 November 2018

5 December 2018

PLSA Annual Conference

Liverpool

17 – 19 October 2018

Investec Trustee Training

Venue tbc

14 November 2018

CIPFA Pensions Network Annual Conference

The Leadenhall Building, London

22 November 2018

LAPFF Annual Conference

Bournemouth

5 – 7 December 2018

 

UBS Trustee Training

Venue tbc

13 December 2018

LGS Governance Conference

Bristol

17 – 18 January 2019

 

 

 

18.

Annual Report and Accounts