Agenda and minutes

RESOLVED: That Councillor David Simmonds be elected as Chairman of the Pensions Board for the 2016/2017 municipal year.

RESOLVED: That Councillor Alan Chapman be elected as Vice-Chairman of the Pensions Board for the 2016/2017 municipal year.

Apologies were received from Paul Whaymand (Corporate Director of Finance), Sian Kunert (Chief Accountant), and Daniel Kanaris (AON Hewitt).

None.

The minutes of the meeting held on 5 April 2016 were agreed.

To confirm the items of business marked Part I will be considered in public and that items marked Part II will be considered in private.

It was confirmed that items marked Part I would be considered in public, and items marked Part II would be considered in private.

The Work Programme was discussed, and Members were encouraged to give consideration to more topics for consideration.

The Board discussed the possible impact of the EU referendum result, which so far had been minimal due to low levels of UK equities.

Members of the Board were encouraged to contact Sian Kunert to express their interest in a training course scheduled for September.

RESOLVED:

1.    That the Forward Plan be noted.

2.    That Members of the Board will send any ideas for the Forward Plan to Nancy le Roux.

This item was discussed as a Part II item without the press or public present as the information under discussion contained confidential or exempt information as defined by law in the Local Government (Access to Information) Act 1985. This was because it discussed ‘information relating to the financial or business affairs of any particular person (including the authority holding that information)’ (paragraph 3 of the schedule to the Act).

A discussion took place regarding the draft Administration Strategy.

RESOLVED:

1.    That the draft Administration Strategy be noted.

This item was discussed as a Part II item without the press or public present as the information under discussion contained confidential or exempt information as defined by law in the Local Government (Access to Information) Act 1985. This was because it discussed ‘information relating to the financial or business affairs of any particular person (including the authority holding that information)’ (paragraph 3 of the schedule to the Act).

A discussion took place regarding the Risk Management Policy.

RESOLVED:

1.    That the Risk Management Policy be noted.

This item was discussed as a Part II item without the press or public present as the information under discussion contained confidential or exempt information as defined by law in the Local Government (Access to Information) Act 1985. This was because it discussed ‘information relating to the financial or business affairs of any particular person (including the authority holding that information)’ (paragraph 3 of the schedule to the Act).

A discussion took place regarding Pension Fund Pooling.

RESOLVED:

1.    That the report on Pension Fund Pooling and officer update be noted.

Members of the Board are asked to bring their copy of the Pensions Committee agenda to the meeting.

The Board was provided with the agenda and the minutes for the last Pensions Committee which took place on 15 June 2016 and noted the reports.

RESOLVED:

1.    That the reports which were considered by the Pensions Committee and the update provided by officers be noted.