Governance: LGPS Investment Pooling - Inter Authority Agreement
Additional documents:
Minutes:
61.1 The Committee considered a report by the Interim Chief Finance Officer on ACCESS pooling developments including the Inter Authority Agreement.
61.2 The Committee RESOLVED to:
1) recommend that the County Council resolves:
1. That authority is delegated to the Assistant Chief Executive, in consultation with the Chair of the Pension Committee to agree the approach to pooling that East Sussex County Council will take, based upon the Government’s responses to the two options put forward by the ACCESS Pool and the views of the local authorities that make up the ACCESS Pool.
2. If the Assistant Chief Executive, in consultation with the Chair of the Pension Committee agrees to adopt pooling based on the use of a CIV Operator, then authority is delegated to the Assistant Chief Executive, in consultation with the Chair of the Pension Committee to finalise and agree the terms of an IAA to implement this model, and the Council resolves to establish and delegate the functions to the joint committee as specified in Appendix 2 with effect from the date of execution of the IAA; or
3. If the Assistant Chief Executive, in consultation with the Chair of the Pension Committee agrees to adopt pooling based on Collaborative Joint Procurement, then authority is delegated to the Assistant Chief Executive, in consultation with the Chair of the Pension Committee to finalise and agree the terms of an IAA to implement this model and the Council resolves to establish and delegate the functions to the joint committee as specified in Appendix 3 with effect from the date of execution of the IAA.
4. That authority is delegated to the Monitoring Officer to make consequential amendments to the County Council’s Constitution to reflect the agreed approach to pooling and the creation of the Joint Governance Committee. Any amendments to the Constitution will be reported to a future meeting of the County Council.
2) nominate Councillor Richard Stogdon as the Council’s representative on the Joint Governance Committee for the period to when the County Council appoints to Committees following the County Council Elections in May 2017.