Issue - meetings

10:25

In a response to a request from the Chairman of Pension Fund Committee to have a dedicated item on each Committee agenda for the work of the Local Pension Board, attached is the report by the Independent Chairman of the Local Pension Board. 

The report sets out the items the Local Pension Board wishes to draw to the attention of this Committee following their last meeting in July 2021.

Noted

The Committee was provided with a report by the Independent Chairman of the Pension Board.

Sean Collins noted that the Board was back up to full strength with the appointment of Elizabeth Griffiths and Marcia Slater.  The Board’s annual report was included as an Annex.

Sean Collins also highlighted with regard to the Board’s regular reports on investment management fees that the Board had asked to ensure that we get value for money for the fees paid.  This was likely to be relevant to the discussion later in the meeting on the passive allocations.  One Member of the Board drew particular attention to the difference in fees between active and passive fund managers.