Issue - meetings

10:10

This report will invite the Committee to respond to the key issues raised by the Pension Board at their most recent meeting.

The Committee is RECOMMENDED to notes the comments of the Board and:

(a)                Give further consideration to the option of investing in the passive low carbon portfolio, and the value for money of active management when is considers the fundamental asset allocation report in March 2020; and

(b)                Note the support for mandatory training for Committee Members alongside the introduction of named substitutes in its further consideration of the issue elsewhere on this agenda.

Recommendations agreed.

The Committee had before it the latest report by the Independent Chairman of the Local Pension Board (PF6).  Councillor Bob Johnston, a Board Member, spoke to the report on the Board’s behalf, which invited the Committee to respond to the key issues contained within it.

In relation to paragraph 7 of the report (risk based framework approach to Valuation), Mr Collins confirmed that that the intention was to bring a similar report before the Pension fund Committee in the near future for discussion.

RESOLVED:  to note the comments of the Board and:

(a)      note that the Committee would consider the option of investing in the passive low carbon portfolio, and the value for money of active management when is considered the fundamental asset allocation report in March 2020; and

(b)      note that the support for mandatory training for Committee Members alongside the introduction of named substitutes was for consideration elsewhere on the agenda.