Agenda

Greater Manchester Pension Fund - Management/Advisory Panel
Friday, 17th September, 2021 10.00 am

Venue: Zoom Meeting

Contact: Carolyn Eaton, Principal Democratic Services Officer  0161 342 3050 or Email: carolyn.eaton@tameside.gov.uk

Media

Items
No. Item

GENERAL BUSINESS

Additional documents:

1.

Chair's Introductory Remarks 10.00am

Additional documents:

2.

Declarations of Interest

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

Additional documents:

3.

Apologies for absence

Additional documents:

4.

Minutes

Additional documents:

4a

Minutes of the Pension Fund Advisory Panel pdf icon PDF 489 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Advisory Panel held on 16 July 2021.

Additional documents:

4b

Minutes of the Pension Fund Management Panel pdf icon PDF 327 KB

To approve as a correct record the Minutes of the meeting of the Pension Fund Management Panel held on 16 July 2021.

Additional documents:

5.

Local Government (Access to Information) Act 1985

Additional documents:

5a

Urgent Items

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

Additional documents:

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, 16, 17, 24, 25

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.

 

 

Additional documents:

6.

Pension Fund Working Groups/Local Board/Northern LGPS Joint Oversight Committee Minutes

Additional documents:

6a

Local Pensions Board pdf icon PDF 249 KB

To consider the Minutes of the proceedings of the Local Pensions Board held on 29 July 2021.

Additional documents:

6b

Investment Monitoring and ESG Working Group pdf icon PDF 264 KB

To consider the Minutes of the proceedings of the Investment Monitoring and ESG Working Group held on 30 July 2021.

Additional documents:

6c

Administration and Employer Funding Viability Working Group pdf icon PDF 326 KB

To consider the Minutes of the proceedings of the Administration and Employer Funding Viability Working Group held on 30 July 2021.

Additional documents:

6d

Policy and Development Working Group pdf icon PDF 296 KB

To consider the Minutes of the meeting held on 2 September 2021.

Additional documents:

6e

Northern LGPS Joint Oversight Committee pdf icon PDF 229 KB

To note the Minutes of the proceedings of the Northern LGPS Joint Oversight Committee held on 15 April 2021.

Additional documents:

ITEMS FOR DISCUSSION/DECISION

Additional documents:

7.

Responsible Investment Update Q2 2021 10.30am pdf icon PDF 407 KB

To consider the attached report of the Assistant Director of Pensions Investments.

Additional documents:

8.

Investment Strategy Statement 10.40am pdf icon PDF 312 KB

To consider the attached report of the Assistant Director of Pensions Investments.

Additional documents:

9.

UPDATE ON GMPF'S APPROACH TO CLIMATE RISK 10.50am

To consider the attached report of the Assistant Director of Pensions Investments and to receive a presentation from representatives of Trucost.

10.

Review of Investment Management Arrangements 11.20am

To receive a presentation from Hymans Robertson.

11.

Performance Dashboard 11.50am

Report of the Assistant Director of Pensions Investments, attached.

12.

Pooling Update 12.00pm

To consider the attached report of the Assistant Director, Funding and Business Development.

13.

Business Planning, Budget and Risk Management 12.10pm

To consider the attached report of the Director of Pensions.

14.

GMPF STATEMENT OF ACCOUNTS AND ANNUAL REPORT 2020-2021 12.20pm pdf icon PDF 148 KB

To consider the attached report of the Assistant Director, Local Investments and Property.

Additional documents:

15.

Advisor Comments and Questions

ITEMS FOR INFORMATION

Additional documents:

16.

LGPS Update

To consider the attached report of the Director of Pensions.

17.

Administration Update

To consider the attached report of the Assistant Director of Pensions Administration.

18.

Future Development Opportunities

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

 

PLSA Annual Conference - Virtual

 

12 - 14 October 2021

LGE Fundamentals Training Day 1 – Leeds

 

21 October 2021

LGE Fundamentals Training Day 2 – Leeds

 

18 November 2021

LGE Fundamentals Training Day 3 – Leeds

 

8 December 2021

LAPFF Annual Conference – Bournemouth

 

8 – 10 December 2021

LGE Annual Governance Conference – Bournemouth

 

20 – 21 January 2022

 

Additional documents:

19.

Dates of Future Meetings

To note the dates of future meetings to be held on:-

 

Management/Advisory Panel

10 Dec 2021

18 Mar 2022

Local Pensions Board

30 Sept 2021

13 Jan 2022

7 April 2022

Policy and Development Working Group

25 Nov 2021

3 Mar 2022

Investment Monitoring and ESG Working Group

1 Oct 2021

21 Jan 2022

8 April 2022

Administration and Employer Funding Viability Working Group

1 Oct 2021

1 Jan 2022

8 April 2022

 

 

Additional documents:

WORKING PAPERS - APPENDICES

Additional documents:

20.

APPENDIX 7A - GMPF'S RESPONSIBLE INVESTMENT POLICY pdf icon PDF 679 KB

Additional documents:

21.

APPENDIX 7B - PIRC NEWSLETTER pdf icon PDF 850 KB

Additional documents:

22.

APPENDIX 7C - GMPF'S RESPONSIBLE INVESTMENT PARTNERS & COLLABORATIONS pdf icon PDF 208 KB

Additional documents:

23.

APPENDIX 8A - INVESTMENT STRATEGY STATEMENT pdf icon PDF 936 KB

Additional documents:

24.

APPENDIX 12A - Draft NLGPS Annual Report

25.

APPENDIX 13A - RISK REGISTER