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.

Declarations of Interest

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

3.

Apologies for Absence

4.

Urgent Items

To consider any additional items the Chair is of the opinion shall be dealt with as a matter of urgency.

5.

Minutes

5a

Minutes of the Pension Fund Advisory Panel pdf icon PDF 132 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Advisory Panel held on 12 April 2019.

5b

Minutes of the Pension Fund Management Panel pdf icon PDF 87 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Management Panel held on 12 April 2019.

6.

Local Government (Access to Information) Act 1985

6a

Urgent Items

To consider any items which the Chair is of the opinion shall be considered as a matter of urgency.

6nn

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, 13a, 13b, 13c, 15, 16, 17, 21, 22, 23, 24, 25, 26, 30, 31, 32, 33

3&10, 3&10, 3&10, 3&10, 3&10, 3&10, 3&10, 3&10, 3&10, 3&10, 3&10, 3&10, 3&10, 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.

 

7.

Pension Fund Working Groups/Local Board Minutes

7a

Local Pensions Board pdf icon PDF 94 KB

To note the Minutes of the meeting held on 13 June 2019.

7b

Policy and Development Working Group pdf icon PDF 102 KB

To consider the Minutes of the meeting held on 13 June 2019.

7c

Investment Monitoring and ESG Working Group pdf icon PDF 66 KB

To consider the Minutes of the meeting held on 22 March 2019.

7d

Administration, Employer Funding and Viability Working Group pdf icon PDF 98 KB

To consider the Minutes of the meeting held on 22 March 2019.

 

 

7e

Property Working Group pdf icon PDF 79 KB

To consider the Minutes of the meeting held on 8 March 2019.

8.

Working Group Terms of Reference pdf icon PDF 460 KB

Report of the Director of Pensions, attached.

ITEMS FOR DISCUSSION / DECISION

9.

Training Item - Presentation on Climate Change - Investing in a Just Transition

To receive a presentation from Nick Robins, Professor in Practice – Sustainable Finance, London School of Economics and Political Science.

 

10.

2019 Actuarial Valuation

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

11.

Investment Strategy and Tactical Positioning 2019/20

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

12.

Performance Dashboard

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

13.

Annual Performance Reports

13a

Long Term Performance 2018/19 - Main Fund and Active Managers

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

13b

Cash Management

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

13c

Property Investment Performance Monitoring

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

14.

GMPF Statement of Accounts and Annual Report pdf icon PDF 105 KB

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

15.

Scheme Additional Voluntary Contributions

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

16.

Advisor Comments and Questions

ITEMS FOR INFORMATION

17.

Northern LGPS Update

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

18.

Pensions Administration Update pdf icon PDF 81 KB

Report of the Pensions Policy Manager attached.

19.

Dates of Future Meetings

 

Management/Advisory Panel

18 October 2019

17 January 2020

17 April 2020

Local Pensions Board

8 August 2019

11 October 2019

12 December 2019

26 March 2020

Policy and Development Working Group

19 September 2019

19 December 2019

 6 March 2020

Investment Monitoring and ESG Working Group

27 September 2019

20 December 2019

20 March 2020

Administration and Employer Funding Viability Working Group

27 September 2019

20 December 2019

20 March 2020

 

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.

 

LGC Investment & Pensions Summit, Celtic Manor

5-6 September 2019

UBS Trustee Training, Manchester

18 September 2019

CIPFA Introduction to the LGPS – hosted by Northern Trust, London

25 September 2019

PLSA Annual Conference, Manchester

16-18 October 2019

LGE Fundamentals Training, Day 1, Leeds

17 October 2019

LGE Fundamentals Training, Day 2, Leeds

14 November 2019

Annual LAPFF Conference, Bournemouth

4-6 December 2019

LGE Fundamentals Training, Day 3, Leeds

5 December 2019

LGE Annual Conference, York

23-24 January 2020

 

 

 

Working Papers - Appendices

21.

Appendix 9(a) - Climate Change and the Just Transition

22.

Appendix 9(b) - Climate Change and the Just Transition

23.

Appendix 9(c) - Climate Change and the Just Transition

24.

Appendix 10(a) - Hymans Robertson Slides

25.

Appendix 10(b) - Draft FSS

26.

Appendix 12(a) - Q1 Performance Dashboard

27.

Appendix 14(a) - Statement for Signing - Chair GMPF/Audit Panel pdf icon PDF 80 KB

28.

Appendix 14(b) - Statement for Signing - Director of Finance pdf icon PDF 79 KB

29.

Appendix 14(c) - Audit Completion Report pdf icon PDF 746 KB

30.

Appendix 15(a) - Scheme AVC's review

31.

Appendix 17(a) - Draft Northern LGPS Joint Governance Cttee Agreement

32.

Appendix 17(b) - Northern LGPS Mins 28 3 19

33.

Appendix 17(c) - Northern LGPS Mins 16 5 19