Agenda

Cumbria Pensions Committee
Friday, 13th December, 2019 9.30 am

Venue: Conference Room A and B, Cumbria House. Botchergate, Carlisle, CA1 1RD

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

Items
No. Item

1.

APOLOGIES FOR ABSENCE

To receive any apologies for absence.

2.

TERMS OF REFERENCE AND MEMBERSHIP

To note the Terms of Reference and membership of the Committee.

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 117 KB

To confirm as a correct record the minutes of the Cumbria Pensions Committee held on 24 September 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 Pension Scheme.

7.

Schedule of Future meetings pdf icon PDF 69 KB

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

8.

Minutes of the BCPP Joint Committee meeting on 11 September 2019 pdf icon PDF 91 KB

To receive the Minutes of the BCPP Joint Committee meeting on 11 September 2019

9.

Update from Cumbria LGPS Local Pensions Board pdf icon PDF 117 KB

To consider a report from the Director of Finance (S151 Officer)

Additional documents:

10.

Training Update and future planned training pdf icon PDF 150 KB

To consider a report from the Director of Finance (S151 Officer)

Additional documents:

11.

MONITORING REPORT FOR THE QUARTER ENDED 30TH SEPTEMBER 2019 - PART 1 pdf icon PDF 210 KB

To consider a report from the Director of Finance (S151 Officer)

Additional documents:

12.

HALF-YEAR UPDATE OF THE PENSION FUND BUSINESS PLAN AND ADMINISTRATION BUDGET 2019/20 pdf icon PDF 235 KB

To consider a report from the Director of Finance (S151 Officer)

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

13.

Part 2 Appendix to Half-Year Update of the Pensions Administration Budget 2019/20 and Business Plan

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

14.

Appointment of Independent Advisor

To consider a report from the Director of Finance (S151 Officer)

15.

PROGRESS OF TRIENNIAL ACTUARIAL VALUATION 2019

To consider a report from the Director of Finance (S151 Officer)

16.

TRAINING: Investment products; multi Asset Credit; semi-liquid credit and private rented sector

To receive a presentation on Investment products; multi Asset Credit; semi-liquid credit and private rented sector

17.

INVESTMENT STRATEGY REVIEW

To consider a report from the Director of Finance (S151 Officer)

18.

PRESENTATION: Investment Strategy Review

Presented by David O'Hara, LGPS Investment Advisor, KPMG

19.

Monitoring Report for the Quarter ended 30 September 2019 (Part 2 Items)

To consider a report from the Director of Finance (S151 Officer)

20.

update on emerging issues

To receive a verbal update on emerging issues

21.

Investment Sub-Group Activity Report to November 2019

To consider a report from the Director of Finance (S151 Officer)

22.

closing comments

To receive closing comments from the Chair