Agenda and decisions

Local Pension Committee
Friday, 5 July 2019 9.30 am, NEW

Venue: Sparkenhoe Committee Room, County Hall, Glenfield.

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

Items
No. Item

1.

Appointment of Chairman.

2.

Election of Vice-Chairman

3.

Minutes. pdf icon PDF 147 KB

4.

Question Time.

5.

Questions asked by members.

6.

Urgent Items.

7.

Declarations of interest.

8.

Summary Valuation of Pension Fund Investments and Performance of Individual Managers. pdf icon PDF 416 KB

Additional documents:

Decision:

That the report be noted.

9.

LGPS Central Update - Pension Fund Pooling pdf icon PDF 290 KB

Decision:

That the update be noted.

10.

LGPS Central Update - Company Matters pdf icon PDF 284 KB

Decision:

That the update be noted.

11.

Risk Management and Internal Controls. pdf icon PDF 270 KB

Additional documents:

Decision:

a)    That the revised risk register of the Pension Fund be approved.

 

b)    That the committee notes the work being done to develop an assurance framework for LGPS Central.

12.

Investment Subcommittee Membership pdf icon PDF 301 KB

Decision:

That the report be noted.

13.

Pension Fund Valuation pdf icon PDF 275 KB

Additional documents:

Decision:

That the Committee approve:-

 

a)    the actuarial assumptions for the 2019 valuation of the fund as follows:-

i)             discount rate assumption of Gilts + 1.8%

ii)            salary growth assumption of CPI + 0.5%

 

b)    the contribution rate increase of 1.0% per year for stabilised employers from 1st April 2020.

 

 

 

14.

Consultation - Local Valuation Cycle and Management of Employer Risk pdf icon PDF 325 KB

Additional documents:

Decision:

That the report and consultation response be noted.

15.

Pension Fund Training Policy pdf icon PDF 280 KB

Additional documents:

Decision:

That the report be noted.

16.

Exclusion of the Press and Public

The public are likely to be excluded during consideration of the remaining items in accordance with Section 100(A)(4) of the Local Government Act 1972 (Exempt Information).

 

17.

LGPS Central Limited - Global Equity Active Multi Manager Fund Monthly Report

Decision:

That the report be noted.

18.

Ashmore Quarterly Report

Decision:

That the report be noted.

19.

Aspect Capital Quarterly Report

Decision:

That the report be noted.

20.

IFM Investors Quarterly Report

Decision:

That the report be noted.

21.

Kames Capital Quarterly Report

Decision:

That the report be noted.

22.

KKR Quarterly Report

Decision:

That the report be noted.

23.

LaSalle Quarterly Report

Decision:

That the report be noted.

24.

JP Morgan Quarterly Report

Decision:

That the report be noted.

25.

Legal and General Investment Manager Quarterly Report

Decision:

That the report be noted.

26.

Delaware Investments Quarterly Report

27.

Millennium Global Quarterly Report

28.

Legal and General Investment Manager Quarterly Report

29.

Ruffer Quarterly Report

30.

Stafford Timberland Quarterly Report