Agenda and minutes

Pensions Board - Wednesday 26 January 2022 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/3FEiJZT 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 and Work Programme pdf icon PDF 152 KB

3.

Pension Administration Performance Report - October to December 2021 pdf icon PDF 434 KB

4.

Pension Fund Risk Register pdf icon PDF 174 KB

5.

Investment Performance Report - Q3 2021 pdf icon PDF 271 KB

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

    Additional documents:

    Minutes:

    Rob Browning, Head of Treasury and Pensions, summarised the report, pointing out that it was important to note that the Fund had outperformed almost all benchmarks again, and that the decrease in the amount of the Fund that was invested indirectly in fossil fuel investments was largely down to engagement and discussions that the London Collective investment Vehicle (LCIV) had been having with fund managers.

     

    RESOLVED:

     

    1.    That the report, together with the information in the accompanying performance report, be noted.

6.

Investment Performance (Manager) Report - Q3 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.