Issue - meetings

10:10

In response to a request from the Chairman of Penson Fund Committee to have a dedicated item on each Committee agenda for the work of the Local Pension Board, attached at PF8 is the report by the Independent Chairman of the Local Pension Board. It invites the Committee to respond to the key issues raised by the Pension Board at its most recent meeting on 26 April January 2019.

The Committee is RECOMMENDED to:

(a)  note the comments of the Board in respect of the Improvement Plan, Annual Business Plan and Risk Register, and the subsequent changes made to these documents elsewhere on today’s agenda;

(b)  consider whether it is appropriate to mandate training at certain training events for Committee members; and

(c)  note the comments of the Board in respect of future responsible investment statements and the need to clarify that all engagement with companies is through third parties rather than directly by the Committee itself.

(a)  noted;

(b)  addressed at Agenda Item 13; and

(c)  noted.                                                                                                                                                                                                                                                                                                                                          

Members had before them the latest report by the Independent Chairman of the Local Pension Board (PF8). Councillor Bob Johnston, a Board Member, addressed the report on the Board’s behalf which invited the Committee to respond to the key issues contained within it.

RESOLVED: to

(a)  note the comments of the Board in respect of the Improvement Plan, Annual Business Plan and Risk Register, and the subsequent changes made to these documents elsewhere on this Agenda;

(b)  inform the Board that the question of whether to mandate training at certain training events for Committee members was to be considered at Agenda Item 13 on this Agenda; and

(c)  note the comments of the Board in respect of future responsible investment statements.