Agendas, Meetings and Minutes - Agenda and draft minutes

Agenda and draft minutes

Venue: Online only

Contact: Simon Lewis  Committee Officer

Media

Items
No. Item

Available papers

The members had before them:

 

A.    The Agenda papers (previously circulated); and

 

B.    The Minutes of the meeting held on 3 March 2020 (previously circulated).

50.

Named Substitutes (Agenda item 1)

Minutes:

None.

51.

Apologies/ Declaration of Interests (Agenda item 2)

Minutes:

None.

52.

Public Participation (Agenda item 3)

Members of the public wishing to take part should notify the Assistant Director for Legal and Governance in writing or by e-mail indicating both the nature and content of their proposed participation no later than 9.00am on the working day before the meeting (in this case, 10 June).  Enquiries about this can be made through the telephone number/e-mail address listed below.

 

Minutes:

None.

53.

Confirmation of Minutes (Agenda item 4)

To confirm the Minutes of the meeting held on 3 March 2020 (previously circulated).

Minutes:

RESOLVED that the Minutes of the meeting held on 3 March 2020 be confirmed as a correct record and signed by the Chairman.

54.

Exclusion of Public and Press (Agenda item 5)

The Sub-Committee will be asked to exclude the press and public from the meeting for the following items as it is likely that exempt information relating to the financial or business affairs of any particular person (including the local authority holding that information) will be disclosed.

Minutes:

RESOLVED that pursuant to Section 100A of the Local Government Act 1972, the press and public shall be excluded from the meeting during items 6 – 10 on the grounds that there would be disclosure to them of information relating to the financial or business affairs of any particular person (including the authority holding the information) and the public interest in maintaining the exemption outweighs the public interest in disclosing the information.

 

Summary of the proceedings of the meeting during which the press and public were excluded. (This is a fair summary of the proceedings.)

55.

Pensions Independent Investment Advisor Update (Agenda item 6)

Additional documents:

Minutes:

The Sub-Committee considered the Pensions Independent Investment Advisor update together with the associated investment performance information.

 

The Sub-Committee received a presentation from Philip Hebson, Independent Advisor to the Fund.

 

RESOLVED that the Pensions Independent Investment Advisor’s update together with the associated investment performance information be noted.

56.

Nomura Far East Developed Equities and Emerging Markets Active Manager Worcestershire Pension Fund Performance Review (Agenda item 7)

Additional documents:

Minutes:

The Sub-Committee considered the Nomura Far East Developed Equities and Emerging Markets Active Manager Worcestershire Pension Fund Performance Review.

 

The Sub-Committee received a presentation from Peter Jenkins and Andrew Whitaker, representatives of Nomura.

 

RESOLVED that the Nomura Far East Developed Equities and Emerging Equity Markets Active Manager Quarterly review as at the end of March 2020 be noted.

57.

Portfolio Evaluation Ltd Worcestershire Pension Fund Investment Overview 2019/20 (Agenda item 8)

Additional documents:

Minutes:

The Sub-Committee considered the Portfolio Evaluation Ltd Worcestershire Pension Fund Investment Overview 2019/20.

 

The Sub-Committee received a presentation from Nick Kent, a representative of Portfolio Evaluation Ltd.

 

RESOLVED that the Portfolio Evaluation Ltd Worcestershire Pension Fund Investment Overview 2019/20 be noted.

58.

JP Morgan Market Insights - Guide to the Markets Report (Agenda item 9)

Additional documents:

Minutes:

The Sub-Committee considered the JP Morgan Market Insights - Guide to the Markets Report.

 

The Sub-Committee received a presentation from Mike Bell and Monique Stephens, representatives of JP Morgan.

 

RESOLVED that the JP Morgan’s Market Insights – Guide to the Markets report be noted.

59.

Strategic Asset Allocation Update (Agenda item 10)

Minutes:

The Sub-Committee noted the Strategic Asset Allocation Review update.