Agenda

Cumbria Pensions Committee - Tuesday, 16th March, 2021 9.30 am

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

Items
No. Item

Please note that this will be a virtual meeting and therefore will not take place in a physical location. Please follow the link to view this meeting live

1.

ROLL CALL AND APOLOGIES FOR ABSENCE

To undertake a roll call and receive any apologies for absence.

2.

Terms of Reference and Membership

To note the Terms of Reference of the Committee and any changes to 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 348 KB

To confirm as a correct record the minutes of the Cumbria Pensions Committee held on 18 December 2020

6.

MINUTES OF THE BCPP JOINT COMMITTEE MEETING ON 24 November 2020 pdf icon PDF 129 KB

To receive the minutes of the BCPP Joint Committee meeting held on 24 November 2020

7.

UPDATE FROM THE CUMBRIA LGPS LOCAL PENSION BOARD pdf icon PDF 289 KB

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

Additional documents:

8.

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

9.

SCHEDULE OF FUTURE MEETINGS pdf icon PDF 56 KB

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

10.

MONITORING REPORT FOR THE QUARTER ENDED 31 DECEMBER 2020 - PART 1 pdf icon PDF 411 KB

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

Additional documents:

11.

DRAFT PENSIONS ADMINISTRATION BUSINESS PLAN AND BUDGET 2021/22 pdf icon PDF 778 KB

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

12.

Verbal Update - Emerging Issues

To receive a verbal update on emerging issues

13.

DRAFT PENSIONS ADMINISTRATION BUSINESS PLAN AND BUDGET 2021/22 (PART 2)

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

14.

BORDER TO COAST PENSIONS PARTNERSHIP LTD (BCPP) BUSINESS PLAN 2021-24 and BUDGET 2021/22 AND RELATED SHAREHOLDER RESOLUTION

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

15.

MONITORING REPORT FOR THE QUARTER ENDED 31 DECEMBER 2020 - PART 2

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

16.

TRAINING - PROPERTY

To receive a presentation on property from BCPP

17.

PRESENTATION - INVESTMENT STRATEGY REVIEW

To receive a presentation from ISIO

18.

INVESTMENT SUB GROUP ACTIVITY TO March 2021

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

19.

Closing Comments

To receive closing comments from the Chair

20.

TRAINING SESSION: DISCRETIONS pdf icon PDF 249 KB

To receive a training session on Discretions from Eversheds

21.

CUMBRIA LOCAL GOVERNMENT PENSION SCHEME - FUND POLICY DOCUMENT ANNUAL REVIEW pdf icon PDF 416 KB

To receive 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