Agenda and minutes

Councillor Philip Corthorne and John Thomas (UNISON)

Councillors’ Cooper, Cox and Harmsworth and Advisory Members Nicholas Manthorpe John Holroyd declared an interest, as they are members of the Local Government Pension Scheme.

Agreed as a correct record.

It was agreed that items 8, 9, 10 and 11 would be considered in private for the reason stated in the agenda. Members of the press and public were therefore excluded from the meeting during the consideration of these items.

The Chairman introduced the report. This report reviewed the fund management performance for the London Borough of Hillingdon Pension Fund for the quarter to 30 September 2009. It was noted that the performance of the whole fund for the quarter to 30 September 2009 showed an out performance of 0.08% with a positive return of 17.40%, compared to the benchmark 17.31%. Issues regarding the Pension Fund performance to be discussed in further details by the Sub-Committee.

Resolved

1.      That the contents of the report be noted.

2.      That the performance of the Fund Managers was discussed.

The Chairman introduced the report. This report summarised the number of early Retirements in the last quarter.

Resolved

1.   That the contents of the report were noted.

The Chairman introduced the report. The report gave an update on the current situation on the cost to the fund of early retirements. Figures presented were within the tolerance level.

Resolved

1. That the contents of the report be noted.

This item was discussed as a Part 2 item without the press or public present since the information under discussion contains confidential or exempt information as defined by law in the Local Government (Access to Information) Act 1985.

This is because it will discuss ‘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).

This item was discussed as a Part 2 item without the press or public present since the information under discussion contains confidential or exempt information as defined by law in the Local Government (Access to Information) Act 1985.

This is because it will discuss ‘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).

This item was discussed as a Part 2 item without the press or public present since the information under discussion contains confidential or exempt information as defined by law in the Local Government (Access to Information) Act 1985.

This is because it will discuss ‘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).

This item was discussed as a Part 2 item without the press or public present since the information under discussion contains confidential or exempt information as defined by law in the Local Government (Access to Information) Act 1985.

This is because it will discuss ‘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).