Agenda

Cumbria Pensions Committee
Monday, 10th December, 2018 9.30 am

Venue: Cumbria House, 117 Botchergate, Carlisle, Cumbria

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

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 81 KB

To confirm as a correct record the minutes of the Cumbria Pensions Committee held on 11 September 2018.

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 48 KB

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

8.

Minutes of Cumbria LGPS Local Pensions Board Meeting on 8 October 2018 pdf icon PDF 78 KB

To receive the minutes of the meeting of the Cumbria LGPS Pension Board held on 8 October 2018.

9.

Update on Developments with Border to Coast pdf icon PDF 131 KB

To consider a report from the Director of Finance (Section 151 Officer).

Additional documents:

10.

Training Update and Future Planned Training pdf icon PDF 122 KB

To consider a report from the Director of Finance (Section 151 Officer).

 

11.

Monitoring Report for the Quarter Ended 30 September 2018 - Part 1 pdf icon PDF 152 KB

To consider a report from the Director of Finance (Section 151 Officer).

 

Additional documents:

12.

HALF-YEAR UPDATE OF THE PENSION FUND BUSINESS PLAN AND ADMINISTRATION BUDGET 2018/19 pdf icon PDF 210 KB

To consider a report from the Director of Finance (Section 151 Officer).

 

13.

PREPARATIONS FOR 2019 TRIENNIAL VALUATION pdf icon PDF 134 KB

To consider a report from the Director of Finance (Section 151 Officer).

 

14.

REVIEW OF CUMBRIA PENSION FUND RISK REGISTER pdf icon PDF 154 KB

To consider a report from the Director of Finance (Section 151 Officer).

 

Additional documents:

15.

REVIEW OF COMPLIANCE WITH THE PENSION REGULATOR'S CODE OF PRACTICE 14 pdf icon PDF 122 KB

To consider a report from the Director of Finance (Section 151 Officer).

 

Additional documents:

16.

CUMBRIA LGPS DATA QUALITY REVIEW pdf icon PDF 156 KB

To consider a report from the Director of Finance (Section 151 Officer).

 

Additional documents:

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

17.

Appendix to Half Year Update of the Pensions Administration Budget 2018-19 and Business Plan

To consider the Appendix to the Half-Year Update of the Pensions Administration Budget 2018/19 and Business Plan, from the Director of Finance (Section 151 Officer).

 

18.

UPDATE ON DEVELOPMENTS WITH BORDER TO COAST - PART 2

To consider a report from the Director of Finance (Section 151 Officer).

 

19.

Border to Coast Global Equity External Sub Fund

To receive a presentation from the Head of External Management, Border to Coast

20.

MONITORING REPORT FOR THE QUARTER ENDED 30TH SEPTEMBER 2018 - PART 2

To consider a report from the Director of Finance (Section 151 Officer).

 

21.

Your Pension Service Performance

To receive a presentation from the Deputy Pension Director at Your Pension Service.

22.

Emerging Issues

To receive a verbal update on emerging issues.

23.

CUMBRIA LGPS INVESTMENT SUB GROUP ACTIVITY REPORT TO NOVEMBER 2018

To consider a report from the Director of Finance (Section 151 Officer).