Agenda

Cumbria Pensions Committee
Tuesday, 24th September, 2019 1.00 pm

Venue: State Street, Quartermile 3, 10 Nightingale Way, Edinburgh, EH3 9EG

Contact: Nicola Harrison  Email: nicola.harrison@cumbria.gov.uk

Items
No. Item

1.

APOLOGIES FOR ABSENCE

To receive any apologies for absence.

 

Apologies have been received from Dr Haraldsen.

2.

Terms of Reference and Membership

Mr John Mallinson has been appointed to the Committee as District Council Representative.

 

Mr James Keith has been appointed to the Committee as the GMB Unison Representative.

 

Mrs Carrick will replace Dr Haraldsen as a member of the Committee for this meeting only.

3.

DISCLOSURES OF INTEREST

Members are invited to disclose any disclosable pecuniary interest they have in any item on the agenda which comprises

 

1          Details of any employment, office, trade, profession or vocation carried on for            profit or gain.

 

2          Details of any payment or provision of any other financial benefit (other than from the authority) made or provided within the relevant period in respect of any expenses incurred by you in carrying out duties as a member, or towards your election expenses.  (This includes any payment or financial benefit from a trade union within the meaning of the Trade Union and Labour Relations (Consolidation) Act 1992.

 

3          Details of any contract which is made between you (or a body in which you have a beneficial interest) and the authority

 

(a)       Under which goods or services are to be provided or works are to be executed; and

 

            (b)       Which has not been fully discharged.

 

4          Details of any beneficial interest in land which is within the area of the authority. 

 

5          Details of any licence (alone or jointly with others) to occupy land in the area of the authority for a month or longer. 

 

6          Details of any tenancy where (to your knowledge)

 

            (a)       The landlord is the authority; and

 

            (b)       The tenant is a body in which you have a beneficial                                                         interest.

 

7          Details of any beneficial interest in securities of a body where

 

(a)       That body (to your knowledge) has a place of business or land in the    area of the authority; and

 

 

(b)       Either –

 

(i)      The total nominal value of the securities exceeds £25,000 or one            hundredth of the total issued share capital of that body; or

 

(ii)     If that share capital of that body is of more than one class, the total nominal value of the shares of any one class in which the relevant person has a beneficial interest exceeds one hundredth of the total issued share capital of that class.

In addition, you must also disclose other non-pecuniary interests set out in the Code of Conduct where these have not already been registered.

 

Note

 

A “disclosable pecuniary interest” is an interest of a councillor or their partner (which means spouse or civil partner, a person with whom they are living as husband or wife, or a person with whom they are living as if they are civil partners).

4.

EXCLUSION OF PRESS AND PUBLIC

To consider whether there are any items on the agenda for which the press and public should be excluded.

5.

MINUTES pdf icon PDF 135 KB

To confirm as a correct record the minutes of the Cumbria Pensions Committee held on 11 June 2019

6.

REPRESENTATION FROM NON COUNTY COUNCIL EMPLOYERS AND DISTRICT COUNCILS

This is a standing item.  To receive concerns, queries and comments from non-County Council employers and individual members of the Cumbria Local Government Pensions Scheme.

7.

SCHEDULE OF FUTURE MEETINGS pdf icon PDF 83 KB

To receive for information a schedule of future meetings of the Cumbria Pensions Committee

8.

Minutes of the BCPP Joint Committee Meeting held on 4 June 2019 and AGM on 18 July 2019 pdf icon PDF 93 KB

To receive the minutes of the BCPP Joint Committee Meeting held on 4 June 2019 and AGM on 18 July 2019

Additional documents:

9.

Update on Developments with Border to Coast pdf icon PDF 154 KB

To consider a report from the Director of Finance (s151 Officer)

Additional documents:

10.

DRAFT ANNUAL REPORT AND ACCOUNTS 2018/19 pdf icon PDF 116 KB

To consider a report from the Director of Finance (s151 Officer)

Additional documents:

11.

MONITORING REPORT FOR THE QUARTER ENDED 30TH JUNE 2019 - PART 1 pdf icon PDF 206 KB

To consider a report from the Director of Finance (s151 Officer)

Additional documents:

Part Two: Items likely to be considered in the absence of the press and public

12.

UPDATE ON DEVELOPMENTS WITH BORDER TO COAST - PART 2

To consider a report from the Director of Finance (s151 Officer)

13.

Update from Cumbria LGPS Local Pensions Board

To consider a report from the Director of Finance (s151 Officer)

14.

MONITORING REPORT FOR THE QUARTER ENDED 30TH JUNE 2019 - PART 2

To consider a report from the Director of Finance (s151 Officer)

15.

Verbal Update - Emerging Issues

To receive a verbal update on emerging issues

16.

presentation - 2019 Actuarial Valuation and Funding

To receive a presentation on the 2019 Actuarial Valuation and Funding by John Livesey and Mark Wilson from Mercer Ltd

17.

2019 Actuarial Valuation

To consider a report from the Director of Finance (s151 Officer)

18.

CUMBRIA LGPS INVESTMENT SUB GROUP ACTIVITY REPORT TO SEPTEMBER 2019

To consider a report from the Director of Finance (s151 Officer)

19.

Presentation: Introduction to Investment Tax, UK and Overseas

To receive a presentation on an Introduction to Investment Tax, UK and Overseas by Colin French of KPMG.

20.

Closing Comments

To receive closing comments from the Chair.