Agendas, Meetings and Minutes - Agenda and draft minutes

Agenda and draft minutes

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Contact: Simon Lewis  Committee Officer

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Items
No. Item

Available papers

The members had before them the agenda papers (previously circulated).

68.

Named Substitutes (Agenda item 1)

Minutes:

None.

69.

Apologies/ Declaration of Interests (Agenda item 2)

Minutes:

An apology was received from Mr R W Banks.

70.

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, 16 September 2020).  Enquiries about this can be made through the telephone number/e-mail address listed below.

 

Minutes:

None.

71.

Exclusion of Public and Press (Agenda item 4)

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 5 – 7 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.)

72.

LGPS Central Review of Worcestershire's Pension fund (WPF) Property and Infrastructure Strategy (Agenda item 5)

Additional documents:

Minutes:

The Sub-Committee considered the LGPS Central Review of Worcestershire's Pension fund (WPF) Property and Infrastructure Strategy.

 

The Sub-Committee received a presentation from Mike Hardwick and Andy McClean, representatives of LGPS Central.

 

During the exempt session, the Sub-Committee agreed LGPS Central’s proposed recommendations for the fund going forward.

 

RESOLVED: that the LGPS Central review of WPF Property and Infrastructure Strategy be noted.

 

 

73.

Equity Protection Strategy Update (Agenda item 6)

Additional documents:

Minutes:

The Sub-Committee considered the Equity Protection Strategy Update.

 

The Sub-Committee received a presentation from Mark Davies and Jason Wood, representatives of River and Mercantile.

 

RESOLVED that the Equity Protection Strategy Update be noted.

 

 

74.

Worcestershire Pension Fund Strategic Asset Allocation Review of Equities (Agenda item 7)

Minutes:

The Sub-Committee considered the Worcestershire Pension Fund Strategic Asset Allocation Review of Equities.

 

The Sub-Committee received a presentation from Rob Wilson, Finance Manager – Pensions and Treasury Management and Philip Hebson, Independent Advisor to the Fund.

 

During the exempt session, the Sub-Committee agreed areas for discussion which would inform the strategy going forward.

 

RESOLVED that the review of the Funds recommendations relating to Equities that were agreed within the Strategic Asset Allocation Review at Pension Committee in December 2019 be noted.