Pension Committee - Tuesday, 14th March, 2023 10.00 am

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

Contact: Democratic Services  Email:

No. Item


Apologies for Absence

To receive any apologies for absence from any members of the Committee.



Minutes of the Previous Meeting pdf icon PDF 105 KB

To approve the minutes of the meeting held on Tuesday, 6 December 2022 as an accurate record.

Additional documents:


Disclosure of Interests

Members are invited to declare any disclosable pecuniary interests (DPIs) and other registrable and non-registrable interests they may have in relation to any item(s) of business on today’s agenda.


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.



Funding Strategy Statement and Satellite Policies pdf icon PDF 99 KB

The Funding Strategy Statement, Appendix A, along with the satellite policies on Contribution Reviews; Appendix B, Academies Funding, Appendix C, Bulk Transfers, Appendix D, Cessation, Appendix E, and Prepayments, Appendix F, summarise Croydon Pension Fund’s approach to funding its liabilities.



Additional documents:


Pension Fund Medium Term Business Plan 2023-26 pdf icon PDF 102 KB

This report presents to the Committee a draft Business Plan for the Fund for financial years 2023/24 to 2025/26 attached as Appendix A. It invites their comments and requests their agreement to the Plan.


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Review of Breaches Log pdf icon PDF 115 KB

It is consistent with The Pension Regulator’s (TPR) Code of Practice that the Pension Fund maintains a breaches log detailing incidences where breaches have occurred.  In line with the recommendations of the Aon Hewitt Governance Review, on 15 September 2020 the Committee agreed the revised Reporting Breaches of the Law Policy.  This included a requirement for the Committee to monitor breaches on a regular basis.  This report presents the current log (Appendix A) for the Committee’s consideration and comment.  


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Review of Risk Register pdf icon PDF 78 KB

It is recommended best practice for the Pension Committee to maintain a risk register covering the most significant risks faced by the Fund. This report presents the current register (Appendix A) for the Committee’s consideration.    

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Croydon Pensions Administration Team Key Performance Indicators for the Period From November 2022 to January 2023 pdf icon PDF 92 KB

This report sets out Key Performance Indicators for the administration of the Fund for the three-month period up to the end of January 2023.


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Review of Committee Training pdf icon PDF 95 KB

This report advises the Committee of training undertaken by the Pension Committee members in Year 2022/23 to 21 February 2023 and asks them note the contents of the Log attached to this report as Appendix A and the Hymans on-line training Log to 31 January 2023 attached to this report as Appendix B.

Additional documents:


Local Government Pension Scheme Advisory Board/The Pensions Regulator Update pdf icon PDF 158 KB

This report advises the Committee of the matters currently being considered by the Local Government Pension Scheme Advisory Board and The Pensions Regulator which are relevant to the Fund. Any implications for the Fund have been noted and are being addressed in consultation with Fund advisers.



Progress Report for Quarter Ended 31 December 2022 pdf icon PDF 193 KB

This report provides an update on the Fund’s performance for the quarter to 31 December 2022.  The report falls into four parts.  Section 1 addresses performance against strategic goals.  The second section considers the asset allocation strategy and how that is being applied, specifically current and planned investments.  The third section deals with risk management and the fourth and final section summarises the recent investment manager site visit. 



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.”



Progress Report for Quarter Ended 31 December 2022

Part B