Decisions
07/06/2019 - Report of Main Issues arising from Reports of the Fund Managers not represented at this meeting ref: 7740 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
Noted.
07/06/2019 - Insight ref: 7739 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
Noted.
07/06/2019 - Overview and Outlook for Investment Markets ref: 7738 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
Received.
07/06/2019 - EXEMPT ITEMS ref: 7736 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
Agreed.
07/06/2019 - Overview of Past and Current Investment Position ref: 7735 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
Received.
07/06/2019 - Petitions and Public Address ref: 7723 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
· Julia Spragg - on behalf of Fossil Free Oxfordshire – Agenda Item 13, Annex 2, The Investment Strategy Statement
· Jess Mallaghan and Xanthe Wells – pupils of Gosford Hill School – Agenda Item 13, Annex 2, The Investment Strategy Statement
07/06/2019 - Minutes ref: 7722 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
The Minutes of the meeting held on 8 March 2019 were approved subject to the following amendment:
- Minute 12/19 – page 6, sentence 2 to read ‘Over the Quarter, assets had depreciated by £190m, a drop of over 7% to £2.3m’ (amendment in bold italics).
07/06/2019 - Declarations of Interest - see guidance note ref: 7721 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
Councillor Ros Smith declared an interest on account of her being in receipt of an Oxford Brookes University pension.
07/06/2019 - Apologies for Absence and Temporary Appointments ref: 7720 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
Councillor Mike Fox-Davies attended for Councillor Charles Mathew and Councillor Dr Suzanne Bartington for Councillor Ian Corkin.
07/06/2019 - Applications for Payment of Pension Benefits ref: 7742 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
(a) noted and to authorise the Service Manager for Pensions to make a decision should reports be received between meetings, following consultation with the Chairman, Deputy Chairman and the Opposition Spokesperson;
(b) authorise payment of the pension to the person specified in the report, for the period 2018 - 2021; and
(c) noted.
07/06/2019 - Exempt Minute - Local Pension Board - 26 April 2019 ref: 7737 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
Noted.
07/06/2019 - Annual Review of Pension Fund Policies ref: 7730 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
(a) Approved;
(b) Following discussion at the pre-meeting with the Chairman, Deputy - Chairman and Opposition Spokesperson Officers were asked to draft an amended recommendation (b) in respect of the Investment Strategy Statement. The subsequent decisions made at Committee were as follows:
To approve the revised Investment Strategy Statement as set out in Annex 2, noting the changes as discussed in the report and
(i) endorse the current approach and direction of travel as set out in the Addressing Climate Change Position Statement, including:
· the integration of consideration of environmental and social risks, as well as good governance and stewardship into all decision-making processes
· contributing to a more sustainable and resilient financial system in alignment with the UN Sustainable Development Goals
· ensuring all portfolios across all asset classes are carbon and climate aware
· decarbonising the listed portfolios, and developing measurable objectives and targets
· accessing positive climate impact investment opportunities. such as the 35% investment in renewable energy funds within the infrastructure portfolio
· active engagement with the underlying companies through asset managers, engagement and voting specialists and collaborative forums with other investors
· improving the transparency of reporting including carbon footprinting and fossil fuel exposure and the impacts of our engagements
(ii) ask Officers to set up a Climate Change Workshop in the Autumn to define timescales, milestones and reporting mechanisms for the above approach and to contribute to the Climate Change Policy being developed by Brunel, seeking participation from a wide range of stakeholders to ensure a balanced discussion; and
(iii) note the view of Brunel that in light of the above approach, they do not consider a top down approach to divestment to be an appropriate strategy for its clients.
(c) to refer these changes to the next meeting of Committee in September following further work;
(d) agreed; and
(e) noted.
07/06/2019 - Administration Report ref: 7729 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
(a) noted;
(b) agreed; and
(c) agreed, subject to additional wording on the equality implications given the majority of those scheme members impacted by the proposed changes to the HE/FE employers are female.
07/06/2019 - Risk Register ref: 7728 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
(a) noted; and
(b) Sean Collins be asked to introduce an overview for each year, to re-introduce the directions of travel and rag rating.
07/06/2019 - Review of the Annual Business Plan 2019-20 ref: 7727 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
(a) noted; and
(b) approved.
07/06/2019 - Improvement Plan ref: 7726 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
Noted.
The Committee thanked Becky Herman for the update.
Members of the Committee to be informed in the event that fines are issued to employers.
07/06/2019 - Report of the Local Pension Board ref: 7725 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
(a) noted;
(b) addressed at Agenda Item 13; and
(c) noted.
07/06/2019 - Minutes of the Local Pension Board ref: 7724 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
Noted.
07/06/2019 - Election of Deputy Chairman for the 2019-20 Municipal Year ref: 7719 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
Councillor Nicholas Field-Johnson was elected Deputy Chairman for the 2019/20 municipal year.
07/06/2019 - Election of Chairman for the 2019-20 Municipal Year ref: 7718 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
Councillor Kevin Bulmer was elected Chairman for the 2019/20 municipal year.
07/06/2019 - Annual Pension Forum ref: 7744 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
To note that the next Annual Forum would be held in November 2019 on a date to be decided. The focus would be on the triennial valuation.
Members of the Committee were asked to let Sally Fox know of any items which they considered would interest school employers for the Forum. Agenda.
07/06/2019 - Corporate Governance and Socially Responsible Investment ref: 7743 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
No further items.
07/06/2019 - Summary by the Independent Financial Adviser ref: 7741 Recommendations Approved
Decision Maker: Pension Fund Committee
Made at meeting: 07/06/2019 - Pension Fund Committee
Decision published: 13/06/2019
Effective from: 07/06/2019
Decision:
No further summary required.
03/06/2019 - Election of Deputy Chairman for the Council year ref: 7710 Recommendations Approved
Decision Maker: Planning & Regulation Committee
Made at meeting: 03/06/2019 - Planning & Regulation Committee
Decision published: 06/06/2019
Effective from: 03/06/2019
Decision:
Councillor Stefan Gawrysiak
03/06/2019 - Election of Chairman for the Council year ref: 7709 Recommendations Approved
Decision Maker: Planning & Regulation Committee
Made at meeting: 03/06/2019 - Planning & Regulation Committee
Decision published: 06/06/2019
Effective from: 03/06/2019
Decision:
Councillor Jeannette Matelot elected
03/06/2019 - Relevant Development Plan and Other Policies ref: 7717 Recommendations Approved
Decision Maker: Planning & Regulation Committee
Made at meeting: 03/06/2019 - Planning & Regulation Committee
Decision published: 06/06/2019
Effective from: 03/06/2019
Decision:
Noted
03/06/2019 - Section 73 application to retrospectively vary conditions 1 of planning permission P17/V2812/CM (MW.0084/17) to reflect the restoration as carried out on the site. at Wicklesham Quarry - Application MW.0038/19 ref: 7716 Recommendations Approved
Decision Maker: Planning & Regulation Committee
Made at meeting: 03/06/2019 - Planning & Regulation Committee
Decision published: 06/06/2019
Effective from: 03/06/2019
Decision:
Approved
03/06/2019 - Chairman's Updates ref: 7715 Recommendations Approved
Decision Maker: Planning & Regulation Committee
Made at meeting: 03/06/2019 - Planning & Regulation Committee
Decision published: 06/06/2019
Effective from: 03/06/2019
Decision:
None
03/06/2019 - Petitions and Public Address ref: 7714 Recommendations Approved
Decision Maker: Planning & Regulation Committee
Made at meeting: 03/06/2019 - Planning & Regulation Committee
Decision published: 06/06/2019
Effective from: 03/06/2019
Decision:
7. Wicklesham Quarry
Dr Anna Hoare (Local Resident)
Tom Allen-Stevens (Landowner)
Marc Girona-Mata (Hydrologist, GWP) & Derek Allan (Ecologist, Enzygo) (on behalf of the Applicant
03/06/2019 - Minutes ref: 7713 Recommendations Approved
Decision Maker: Planning & Regulation Committee
Made at meeting: 03/06/2019 - Planning & Regulation Committee
Decision published: 06/06/2019
Effective from: 03/06/2019
Decision:
Approved and signed
03/06/2019 - Declarations of Interest - see guidance note opposite ref: 7712 Recommendations Approved
Decision Maker: Planning & Regulation Committee
Made at meeting: 03/06/2019 - Planning & Regulation Committee
Decision published: 06/06/2019
Effective from: 03/06/2019
Decision:
None declared
03/06/2019 - Apologies for Absence and Temporary Appointments ref: 7711 Recommendations Approved
Decision Maker: Planning & Regulation Committee
Made at meeting: 03/06/2019 - Planning & Regulation Committee
Decision published: 06/06/2019
Effective from: 03/06/2019
Decision:
Councillor George Reynolds (Councillor Lawrie Stratford)
Councillor Richard Webber (Councillor Jenny Hannaby)