Agenda

Cumbria Pensions Committee
Tuesday, 11th June, 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

 

At the meeting of full Council on 11 April, Mr B Wearing was appointed as a named substitute member of the Cumbria Pensions 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 321 KB

To confirm as a correct record the minutes of the Cumbria Pensions Committee held on 7 March 2019

6.

REPRESENTATION FROM NON COUNTY COUNCIL EMPLOYERS AND DISTRICT COUNCILS

This is a standing item.  To receive concerns, queries and comments from the Cumbria Pensions Board, scheme employees, including the public.

7.

SCHEDULE OF FUTURE MEETINGS pdf icon PDF 179 KB

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

8.

Minutes of BCPP Joint Committee meeting held on 11 March 2019 pdf icon PDF 137 KB

To receive the draft Minutes of the BCPP Joint Committee meeting held on 11 March 2019

9.

MONITORING REPORT FOR THE QUARTER ENDED 31ST MARCH 2019 - PART 1 pdf icon PDF 349 KB

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

Additional documents:

10.

REVIEW OF THE ADMISSION AND TERMINATION POLICY pdf icon PDF 417 KB

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

Additional documents:

11.

FEEDBACK FROM THE PENSIONS REGULATOR'S COHORT REVIEW OF THE LGPS pdf icon PDF 261 KB

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

Additional documents:

12.

Draft Unaudited Accounts to 31 March 2019 pdf icon PDF 247 KB

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

Additional documents:

13.

PREPARATIONS FOR 2019 TRIENNIAL VALUATION pdf icon PDF 225 KB

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

14.

CUMBRIA LGPS DATA QUALITY REVIEW pdf icon PDF 447 KB

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

15.

2018/19 PROVISIONAL BUDGET OUTTURN and DELIVERY AGAINST BUSINESS PLAN pdf icon PDF 546 KB

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

16.

Update on Developments with Border to Coast pdf icon PDF 197 KB

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

17.

PRESENTATION - Border to Coast Responsible Investment Policy and Corporate Voting Guidelines

To receive a presentation from the Chief Executive Officer - Border to Coast

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

18.

Border to Coast Presentation on Global Equity Alpha and the performance of UK listed Equity

To receive a presentation from the Chief Executive Officer, Border to Coast

19.

(Part 2) Update on Developments with Border to Coast

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

20.

(Part 2 Appendix) 2018/19 Provisional Budget Outturn and delivery against Business Plan

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

21.

UPDATE FROM THE CUMBRIA LGPS LOCAL PENSION BOARD

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

22.

MONITORING REPORT FOR THE QUARTER ENDED 31ST MARCH 2019 - PART 2

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

23.

Emerging Issues

To receive a verbal update on emerging issues.

24.

CUMBRIA LGPS INVESTMENT SUB GROUP ACTIVITY REPORT TO MAY 2019

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

25.

PRESENTATION - ANNUAL PERFORMANCE REVIEW

To receive a presentation from Ann Gillies, State Street

26.

Closing Comments

To receive closing comments from the Chair.