Agenda and decisions

Local Pension Committee
Friday, 11 September 2020 9.30 am

Venue: Microsoft Teams

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

Media

Items
No. Item

1.

Appointment of Chairman.

2.

Election of Vice-Chairman.

3.

Minutes of the meeting held on 19 June. pdf icon PDF 243 KB

4.

Question Time.

5.

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

6.

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

7.

Declarations of interest in respect of items on the agenda.

8.

Risk Management, Internal Controls and Budget Update. pdf icon PDF 307 KB

Additional documents:

Decision:

That the report be noted.

9.

Governance Update, External Developments and Responsible Investing, pdf icon PDF 555 KB

Additional documents:

Decision:

That the report be noted.

10.

Exit Credit Policy. pdf icon PDF 409 KB

Additional documents:

Decision:

That the changes to the Funding Strategy Statement in relation to the Exit Credit Policy be approved

11.

McCloud/Sargeant - Amendments to the Statutory Underpin. pdf icon PDF 223 KB

Additional documents:

Decision:

That the Fund’s reply to Government’s Consultation on Amendments to the Statutory Underpin in relation to McCloud and Sargeant is approved.

12.

Investment Subcommittee Membership. pdf icon PDF 298 KB

Decision:

That the report be noted.

13.

Summary Valuation of Pension Fund Investments. pdf icon PDF 526 KB

Additional documents:

Decision:

That the report be noted.

14.

Strategic Asset Allocation Update. pdf icon PDF 258 KB

Additional documents:

Decision:

That the report be noted.

15.

LGPS Central Product Development. pdf icon PDF 283 KB

Decision:

That the report be noted.

16.

Recommended Investment into LGPS Central Global Active Emerging Market Debt. pdf icon PDF 321 KB

Decision:

The information concerning the recommended Investment into LGPS Central Global Active Emerging Market Debt be noted.

17.

Dates of Future Meetings.

Future meetings of the Local Pension Committee are to be held on the following dates:-

 

27 November 2020

22 January 2021

26 February 2021

5 June 2021

10 September 2021

26 November 2021

 

 

Also to note that the Leicestershire Pension Fund Annual General Meeting will take place on 14 December 2020 as 12noon.

19.

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).

20.

Supplementary Information Informing the Recommended Investment into LGPS Central Global Active Emerging Market Debt.

Decision:

 

i.         That the supplementary information provided by Hymans Robertson, the Fund’s independent investment advisory,  be noted.

 

ii.        That the transition of the Fund’s entire Emerging Market Debt holding to LGPS Central’s Emerging Market Debt multi manager fund once approved by the Financial Conduct Authority, be approved.

 

21.

JP Morgan Markets Infrastructure Update.

There will be a presentation from JP Morgan for this item.  

Decision:

That the presentation be noted.

22.

Aberdeen Standard Quarterly Report.

23.

Ashmore Quarterly Report

24.

JP Morgan Credit GIM Quarterly Report

25.

Kames Capital IL and Hedge Quarterly Report

26.

Pictet Quarterly Report

27.

Aspect Capital Quarterly Report

28.

Ruffer Quarterly Report

29.

Kames Active Value Closed Ended Fund Quarterly Reports.

30.

LaSalle Quarterly Report

31.

Partners MAC Quarterly Report.

32.

M&G Quarterly Report

33.

Infracapital Quarterly Report

34.

KKR Quarterly Report.

35.

IFM Investors Quarterly Report

36.

JP Morgan Infrastructure Quarterly Report.

37.

Stafford Timberland Quarterly Report

38.

LGPS Central Quarterly Reports.

39.

Legal and General Investment Manager Quarterly Report

40.

Adam Street Partners Quarterly Report.