Agenda and draft minutes

Pension Committee
Tuesday, 4th December, 2018 10.00 am

Venue: Council Chamber, Town Hall, Katharine Street, Croydon CR0 1NX. View directions

Contact: Annette Wiles 020 8726 6000 x 64877  Email: annette.wiles@croydon.gov.uk

Items
No. Item

8/18

Minutes of the Previous Meeting pdf icon PDF 65 KB

To approve the minutes of the meeting held on 21 November 2018 as an accurate record.

Minutes:

The minutes of the meeting held on 21 November 2018 were agreed as an accurate record. It was noted that the attendance of the Pensioner Representatives would move to the section recording those who were present at the meeting.

 

9/18

Disclosure of Interests

In accordance with the Council’s Code of Conduct and the statutory provisions of the Localism Act, Members and co-opted Members of the Council are reminded that it is a requirement to register disclosable pecuniary interests (DPIs) and gifts and hospitality to the value of which exceeds £50 or multiple gifts and/or instances of hospitality with a cumulative value of £50 or more when received from a single donor within a rolling twelve month period. In addition, Members and co-opted Members are reminded that unless their disclosable pecuniary interest is registered on the register of interests or is the subject of a pending notification to the Monitoring Officer, they are required to disclose those disclosable pecuniary interests at the meeting. This should be done by completing the Disclosure of Interest form and handing it to the Democratic Services representative at the start of the meeting. The Chair will then invite Members to make their disclosure orally at the commencement of Agenda item 3. Completed disclosure forms will be provided to the Monitoring Officer for inclusion on the Register of Members’ Interests.

 

Minutes:

There were none.

10/18

Urgent Business (if any)

To receive notice of any business not on the agenda which in the opinion of the Chair, by reason of special circumstances, be considered as a matter of urgency.

 

Minutes:

There were no items of urgent business.

 

11/18

Forward Plan pdf icon PDF 81 KB

Minutes:

Cllr Hall, Cabinet Member for Finance & Resources, stated that whilst the Pension Board could comment on and provide feedback on the policy documents listed in paragraph 3.4 of the report, it was for the Pension Committee alone to review and amend these.

 

RESOLVED: The Pension Committee resolved to defer consideration of the report to allow for the reference of the report to the Pension Board for their comments.

 

12/18

Update on Asset Allocation pdf icon PDF 95 KB

Minutes:

RESOLVED: The Pension Committee resolved to note the report and to request that M&G Investments be invited to a future meeting.

13/18

Transition to Emerging Markets Fund pdf icon PDF 96 KB

Additional documents:

Minutes:

RESOLVED: The Pension Committee resolved to note the report.

14/18

Progress Report for Quarter Ended 30 September 2018 (Part A) pdf icon PDF 171 KB

Minutes:

RESOLVED: The Pension Committee resolved to note the report.

 

A formal vote of thanks to Richard Simpson, Executive Director of Resources, was agreed in recognition of his contribution to the work of the Committee.

15/18

Exclusion of the Press and Public

The following motion is to be moved and seconded where it is proposed to exclude the press and public from the remainder of a meeting:

 

“That, under Section 100A(4) of the Local Government Act, 1972, the press and public be excluded from the meeting for the following items of business on the grounds that it involves the likely disclosure of exempt information falling within those paragraphs indicated in Part 1 of Schedule 12A of the Local Government Act 1972, as amended.”

 

Minutes:

The following motion was moved by Councillor Pelling and seconded by Councillor Hall to exclude the press and public:

 

“That, under Section 100A(4) of the Local Government Act, 1972, the press and public be excluded from the meeting for the following items of business on the grounds that it involves the likely disclosure of exempt information falling within those paragraphs indicated in Part 1 of Schedule 12A of the Local Government Act 1972, as amended.”

 

The motion was put and it was agreed by the Committee to exclude the press and public for the remainder of the meeting.

 

16/18

Minutes of the previous meeting (Part B)

To approve the minutes (Part B) of the meeting held on 21 November 2018 as an accurate record.

Minutes:

The minutes of the meeting held on 21 November 2018 (Part B) were agreed as an accurate record.

17/18

Progress Report for Quarter Ended 30 September 2018 (Part B)

Minutes:

RESOLVED: The Pension Committee resolved to note the report.