Agenda

Cumbria Pensions Committee
Tuesday, 12th June, 2018 9.30 am

Venue: TBC

Contact: Holly English  Email: holly.english@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 113 KB

To confirm as a correct record the minutes of the Cumbria Pensions Committee held on 8 March 2018 (copy enclosed).

 

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 57 KB

To receive for information a schedule of future meetings of the Cumbria Pensions Committee (copy enclosed).

8.

Minutes of BCPP Joint Committee pdf icon PDF 89 KB

To receive the minutes of BCPP Joint Committee on 13 March 2018 (copy enclosed).

 

9.

Update on BCPP Asset Management Company

To consider a report by the Assistant Director - Finance (Section 151 Officer) (copy to follow).

 

Additional documents:

10.

CUMBRIA LGPS PENSION FUND - CONSTITUTION REVIEW pdf icon PDF 135 KB

To consider a report by the Assistant Director - Finance (Section 151 Officer) (copy enclosed).

 

Additional documents:

11.

DRAFT ANNUAL REPORT & ACCOUNTS 2017/18 pdf icon PDF 121 KB

To consider a report by the Assistant Director - Finance (Section 151 Officer) (copy enclosed).

 

Additional documents:

12.

Monitoring Report for the Quarter ended 31 March 2018 (Part 1 Items) pdf icon PDF 153 KB

To consider a report by the Assistant Director - Finance (Section 151 Officer) (copy enclosed).

 

Additional documents:

13.

Preparations for 2019 Actuarial Valuation pdf icon PDF 141 KB

To consider a report by the Assistant Director - Finance (Section 151 Officer) (copy enclosed).

 

14.

Forecast Budget Outturn Progress against 2017/18 Business Plan pdf icon PDF 188 KB

To consider a report by the Assistant Director - Finance (Section 151 Officer) (copy enclosed).

 

PART TWO REPORTS

15.

Forecast Budget Outturn and Progress against 2017/18 Business Plan (Part 2 Appendix)

To consider a report by the Assistant Director – Finance (s151 Officer) (copy enclosed).

 

16.

Monitoring Report for the Quarter ended 31 March 2018 (Part 2 Items)

To consider a report by the Assistant Director - Finance (Section 151 Officer) (copy enclosed).

 

17.

Verbal Update - Emerging Issues

To consider a verbal update from the Assistant Director - Finance (Section 151 Officer).

 

18.

CUMBRIA LGPS INVESTMENT SUB GROUP ACTIVITY REPORT TO MAY 2018

To consider a report by the Assistant Director - Finance (Section 151 Officer) (copy enclosed).

 

19.

Annual Performance Review - Presentation from State Street

To consider a presentation by Ms E Packer of State Street.