Agenda and decisions

RESOLVED:

That the report and presentation be noted.

RESOLVED:

That the valuation of the Fund be noted.

RESOLVED:

That the Committee approved:

a)    The revised Funding Strategy Statement;

b)    The revised Investment Strategy Statement.

c)    The final assumptions used in the 2022 Fund valuation.

That the Committee noted the 105% indicative whole fund valuation result.

RESOLVED:

a)    That the outcome of the public consultation on the draft Net Zero Climate Strategy (NZCS) be noted;

b)    That the amended NZCS be approved;

c)    Subject to b) above, the associated implementation plan and manager questionnaire be approved;

d)    That it be noted that the Director of Corporate Resources may use his existing delegated authority to make minor amendments to the Strategy and associated documents in order to ensure the documents remain fit for purpose;

e)    That the update on the Responsible Investment Plan 2023, including update on voting and engagement, be noted;

f)      That it be noted that the Director of Corporate Resources, following consultation with the Chairman, will respond to Hinckley and Bosworth Borough Council’s motion calling for the Fund to divest from fossil fuel companies by 2030.

RESOLVED:

That the Committee noted the key priorities for administration during 2023/24.

RESOLVED:

a)    That the Business Plan and Pension Fund budget for 2023/24 be approved.

b)    That the Committee approved that the Director of Corporate Resources, following consultation with the Chairman of the Local Pension Committee, be authorised to make minor amendments to the Pension Fund’s budget following the approval of LGPS Central’s budget.

RESOLVED:

That the Risk Register of the Pension Fund be approved.

The next meeting is scheduled for 16 June 2023, at 9.30am.

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).

That the report be noted.

That the report be noted.

That the report be noted.

That the report be noted.

That the report be noted.

That the report be noted.

That the report be noted.

That the report be noted.

That the report be noted.

That the report be noted.

That the report be noted.

That the report be noted.

That the report be noted.

That the report be noted.

That the report be noted.

That the report be noted.

That the report be noted.

That the report be noted.

That the report be noted.