Agenda and decisions

Local Pension Committee
Friday, 22 January 2021 10.10 am

Venue: Microsoft Teams.

Contact: Miss C Tuohy (0116 305 5483).  Email: cat.tuohy@leics.gov.uk

Note: This meeting will follow training for Committee members at the original time of 9.30am. 

Items
No. Item

1.

Minutes. pdf icon PDF 245 KB

2.

Question Time.

3.

Questions asked by members under Standing Order 7(3) and 7(5).

4.

To advise of any other items which the Chairman has decided to take as urgent elsewhere on the agenda.

5.

Declarations of interest in respect of items on the agenda.

6.

Funding Strategy Statement - Employer Risks and Exits pdf icon PDF 346 KB

Additional documents:

Decision:

a)    That the draft Funding Strategy Statement, in relation to changes on employer risks and exits, be approved for consultation with employers.

 

b)    That a further report be submitted to the Committee in the year setting out the outcome of the consultation and submitting the final Funding Strategy Statement for approval.

7.

Draft Responsible Investment Plan 2021. pdf icon PDF 485 KB

Additional documents:

Decision:

That the Responsible Investment Plan 2021 be approved.


8.

Annual Review of the Asset Strategy and Structure. pdf icon PDF 501 KB

Additional documents:

Decision:

 

a)    That the revised strategic benchmark for the Fund, as shown below, be approved;

b)    That the Investment Subcommittee consider, over the course of 2021, the changes necessary to align the Fund’s investment with the revised strategic allocation and relevant product launches by LGPS Central and other investment managers;

 

c)     That the Director of Corporate Resources, following consultation with Aegon and the Fund’s investment consultants, be authorised to determine the appropriate time to reduce the Fund’s foreign currency exposure within the Aegon Currency Hedge mandate from 50% to 30%.

 

9.

Date of the Next Meeting.

The next meeting of the Committee is scheduled to take place on 26 February 2021 at 9.30am.

10.

Any other items which the Chairman has decided to take as urgent.