Agenda and minutes

Pensions Board - Wednesday 20 October 2021 6.30 pm

Venue: Committee Room (B6) - Lambeth Town Hall, Brixton, London, SW2 1RW

Contact: Marianna Ritchie, Democratic Services,  020 7926 8640, Email: mritchie@lambeth.gov.uk

Note: Information on how to access the meeting is set out in the agenda. However, if you just want to watch the live broadcast you can copy and paste the following link into your browser: https://bit.ly/3mv4Cyq The video will remain available to view for 180 days. 

Items
No. Item

1.

Declarations of Pecuniary Interest

    Under Standing Order 4.4, where any councillor has a Disclosable Pecuniary Interest (as defined in the Members’ Code of Conduct (para. 4)) in any matter to be considered at a meeting of the Council, a committee, sub-committee or joint committee, they must withdraw from the meeting room during the whole of the consideration of that matter and must not participate in any vote on that matter unless a dispensation has been obtained from the Monitoring Officer.

    Minutes:

    There were none.

2.

Minutes of the Previous Meeting pdf icon PDF 167 KB

3.

Pension Administration Performance Report - July to September 2021 pdf icon PDF 412 KB

4.

Pension Fund Risk Register pdf icon PDF 169 KB

5.

Training Policy and Programme pdf icon PDF 156 KB

6.

Stewardship Code Report pdf icon PDF 163 KB

    Robert Browning, Head of Treasury and Pensions, 07394 402801, rbrowning@lambeth.gov.uk 

    Additional documents:

    Minutes:

    Officers explained the difficulties the Lambeth Pension Fund might have in being accepted as a signatory to the stewardship code, and that the Pensions team would be making amendments before submitting the final application. Members thanked officers for the work they had done on this.

     

    APPROVED:

     

    That the Board review and provide feedback where relevant on the Fund’s draft UK Stewardship Code report.

7.

Investment Performance Report - Q2 2021 pdf icon PDF 273 KB

8.

Investment Performance (Manager) Report - Q2 2021

Minutes:

RESOLVED:

 

Unanimously that members of the Press and Public be excluded from the remainder of the meeting under Section 100A(4) of the Local Government Act 1972 on the grounds that: (i) it involved the likely disclosure of exempt information as defined in Paragraph 3 (Information relating to the financial or business affairs of any particular person (including the authority holding that information)) of Part 1 of Schedule 12A of the Act: and (ii) that the public interest in maintaining the exemption outweighed the public interest in disclosing the information.

9.

Climate Change Scenario Analysis

Minutes:

RESOLVED:

 

Unanimously that members of the Press and Public be excluded from the remainder of the meeting under Section 100A(4) of the Local Government Act 1972 on the grounds that: (i) it involved the likely disclosure of exempt information as defined in Paragraph 3 (Information relating to the financial or business affairs of any particular person (including the authority holding that information)) of Part 1 of Schedule 12A of the Act: and (ii) that the public interest in maintaining the exemption outweighed the public interest in disclosing the information.