Agendas, Meetings and Minutes - Agenda and draft minutes

Agenda and draft minutes

Venue: Online meeting

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 2 March 2021 (previously circulated).

95.

Named Substitutes (Agenda item 1)

Minutes:

None.

96.

Apologies/Declaration of Interests (Agenda item 2)

Minutes:

An apology was received from cllr Trish Marsh.

97.

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, 9 June 2021).  Enquiries about this can be made through the telephone number/e-mail address listed below.

 

Minutes:

None.

98.

Confirmation of Minutes (Agenda item 4)

To confirm the Minutes of the meeting held on 2 March 2021 (previously circulated).

Minutes:

RESOLVED that the Minutes of the meeting held on 2 March 2021 be confirmed as a correct record and signed by the Chairman.

99.

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 – 8 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.)

 

100.

Pension 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 attached to the report as Appendix 1 together with the associated investment performance information attached as Appendix 2 be noted.

101.

LGPS Central Global Sustainable Equity Fund and All World Climate Factor Fund (Agenda item 7)

Additional documents:

Minutes:

The Sub-Committee received a presentation from Mark Davies, David Evans, Gordon Ross and Patrick O'Hara representatives from LGPS Central.

 

RESOLVED that the presentation provided by LGPS Central relating to the Global Sustainable Equity Fund and All World Climate Factor Fund detailed in Appendix 1 of the report and the Investment case provided in Appendix 2 be noted.

 

 

102.

British Strategic Investment Fund (BSIF) (Agenda item 8)

Additional documents:

Minutes:

The Sub-Committee received a presentation from Heather Fleming and Peter Bachmann representatives from Gresham House.

 

RESOLVED that the presentation provided by Gresham House (specialist asset management) on the British Strategic Investment Fund (BSIF) Fund I update, and Fund II proposal detailed in the Appendix 1 to the report be noted.