Agenda and decisions

Local Pension Committee - Friday, 26 February 2021 9.30 am

Venue: Microsoft Teams.

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

Items
No.	Item
1.	Minutes of the meeting held on 22 January 2021. PDF 247 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.	Disapplying the Public Sector Exit Payment Cap. PDF 336 KB Decision: That the report be noted.
7.	Pension Fund Budget and Business Plan 2021/22. PDF 379 KB Additional documents: Appendix A - Pensions Business Plan 2021-22 (f) , item 7. PDF 440 KB Decision: That the Pension Fund Budget and Business Plan for 2021/22 be approved.
8.	Pension Fund Policies Update. PDF 303 KB Additional documents: Appendix A Admin and Comms Strategy 2021 v1 - MASTER VERSION , item 8. PDF 523 KB Appendix B Investment Strategy Statement Feb 2021 update1 , item 8. PDF 1 MB Appendix C Hymans advisor objectives Dec 2020 , item 8. PDF 260 KB Decision: a) That the Administration and Communications Strategy be approved. b) That the Investment Strategy Statement be approved. c) That the submission of the Investment Advisor Objectives to the Competitions and Market Authority be noted.
9.	Risk Management and Internal Controls. PDF 320 KB Additional documents: Pensions Risk Register Feb 2021 , item 9. PDF 566 KB Decision: That the revised risk register be approved.
10.	Responsible Investment Update. PDF 404 KB Additional documents: App A 20210204_LPFVotingDataQ3_v1_0 , item 10. PDF 2 MB App B Pictet DAA_Responsible Investment December 2020 , item 10. PDF 2 MB Decision: That the report be noted.
11.	Summary Valuation of Pension fund Investments. PDF 539 KB Additional documents: Appendix A -Leicestershire Pension Fund- updated , item 11. PDF 2 MB Appendix B TAA REPORT DECEMBER 2020 , item 11. PDF 3 MB Decision: That the report be noted.
12.	Recommended Investment: Aegon Short Dated Investment Grade Fund PDF 320 KB Additional documents: App A Aegon SDIG Fund Standard Presentation , item 12. PDF 1 MB App B Leicestershire ESG pack , item 12. PDF 1017 KB Decision: That the information provided be noted.
13.	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).
14.	Supplementary Information on Recommended Investment: Aegon Short Dated Investment Grade Bond Fund. View the reasons why item 14. is restricted Decision: That the supplementary information provided be noted.
15.	Presentation of the Investment Manager - Ageon - Short Dated Investment Grade Bond Fund. Decision: a) That the presentation delivered by Aegon be noted; b) That a £25million commitment to invest in the Aegon Short Dated Investment Grade Fund be approved.
16.	LGPS Central Quarterly Report. View the reasons why item 16. is restricted
17.	Ruffer Quarterly Report View the reasons why item 17. is restricted
18.	Adams Street Quarterly Report. View the reasons why item 18. is restricted
19.	Aspect Capital Quarterly Report View the reasons why item 19. is restricted
20.	Legal and General Investment Manager Quarterly Report View the reasons why item 20. is restricted
21.	Millennium Global Quarterly Report View the reasons why item 21. is restricted
22.	Pictet Quarterly Report View the reasons why item 22. is restricted
23.	Aberdeen Standard Investment Manager Quarterly Report. View the reasons why item 23. is restricted
24.	KKR Quarterly Report View the reasons why item 24. is restricted
25.	Partners Group Quarterly Reports. View the reasons why item 25. is restricted
26.	Aegon Quarterly Report. View the reasons why item 26. is restricted
27.	Colliers Quarterly Report. View the reasons why item 27. is restricted
28.	Christofferson Robb & Company Quarterly Report. View the reasons why item 28. is restricted
29.	JP Morgan Infrastructure Fund Quarterly Report View the reasons why item 29. is restricted
30.	LaSalle Quarterly Report. View the reasons why item 30. is restricted
31.	Stafford Timberland Quarterly Report View the reasons why item 31. is restricted
32.	Aegon Currency Programme Quarterly Report. View the reasons why item 32. is restricted
33.	JP Morgan Multi Sector Credit Quarterly Report. View the reasons why item 33. is restricted
34.	Any other items which the Chairman has decided to take as urgent.