Agenda and draft minutes

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

Contact: Shaughna Phillips, Telephone 020 7926 0045, Email: SPhillips4@lambeth.gov.uk 

Items
No. Item

1.

Declaration of Pecuniary Interests

    Under Standing Order 4.4, where any councillor has a Disclosable Pecuniary Interest (as defined in the Members’ Code of Conduct (paragraph 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 no declarations of interest.

     

2.

Minutes of the previous meeting pdf icon PDF 92 KB

3.

Lambeth Pension Fund - Risk Register Report pdf icon PDF 171 KB

4.

Lambeth Pension Administration - Quarterly Performance update to December 2019 pdf icon PDF 327 KB

    Wards: All

     

    Report authorised by: Fiona McDermott, Strategic Director for Finance and Investment

     

    Contact for enquiries: Linda Osborne, Pensions Manager, 020 7926

    5762, LOsborne1@lambeth.gov.uk

     

    For noting

    Additional documents:

    Minutes:

    Linda D’Souza, Head of Payroll and Pensions, presented the report and provided the below updates:

    ·         The performance was measured using standard LGPS targets. The total number of pensions cases completed in the period October to December 2019 was 980.

    ·         Membership data/profile was similar to other London funds.

    ·         Employers have been notified of their new employer contribution rates, payable from April 2020.

    ·         Further communication campaigns will be initiated by the Pensions Administration Team to increase membership engagement.

     

    RESOLVED: To informally note the Pension Administration Service Performance update covering the period October 2019 to December 2019.

     

5.

Lambeth Pension Fund - Investment Performance Review - 30 September 2019 pdf icon PDF 216 KB

6.

Lambeth Pension Fund - Investment Managers Summary - 30 September 2019

Minutes:

Hamant Bharadia, Strategic Finance, presented the report and updated the board on the following matters:

·         We do not hold any Eurobonds, only referenced in the report as a comparative.

·         Committee have included the climate emergency as part of their work programme.

 

RESOLVED: That the decision made by the Pensions Committee be informally noted.