Agenda and minutes

Pension Committee
Tuesday, 24th November, 2015 10.30 am

Venue: Council Chamber, County Hall, Lewes. View directions

Contact: Harvey Winder  01273 481796

Items
No. Item

25.

Minutes pdf icon PDF 15 KB

Minutes:

25.1     The Committee agreed the minutes as a correct record of the meeting held on 29 September 2015.

26.

Apologies for absence

Minutes:

26.1.    Cllr David Tutt gave his apologies for absence.

27.

Disclosure of Interests

Disclosures by all Members present of personal interests in matters on the agenda, the nature of any interest and whether the Members regard the interest as prejudicial under the terms of the Code of Conduct.

 

Minutes:

27.1     Councillor Godfrey Daniel declared a personal interest as a scheme member of three East Sussex Pension Funds.

 

27.2     Councillor Richard Stogdon declared a personal interest as a trustee of funds operated by Ruffer.

28.

Pension Board Minutes pdf icon PDF 217 KB

Additional documents:

Minutes:

28.1     The Committee considered the draft minutes of the Pension Board meeting held on 3 November 2015.

 

28.2     The Committee RESOLVED to note the report.

 

29.

Fund Performance - Longview (Global Equities) pdf icon PDF 507 KB

Minutes:

29.1     The Committee discussed a presentation from the fund manager Longview on their fund performance.

30.

Quarterly Performance Report - Hymans Robertson pdf icon PDF 335 KB

·         Schroders Update

·         Investment Pooling and Collaboration

Additional documents:

Minutes:

30.1     The Committee discussed presentations by Hymans Robertson on Investment Managers’ Performance for Third Quarter 2015, an Update on Schroder Real Estate Capital Partners, and Local Government Pension Scheme (LGPS) Investment Pooling.

 

30.2     William Bourne, Independent Pensions Advisor, declared a personal interest as the Joint Independent Local Pension Board Chair of Lancashire County Pension Fund and the London Pensions Fund Authority.

31.

Statement of Investment Principles pdf icon PDF 232 KB

Additional documents:

Minutes:

31.1     The Committee considered a report by the Chief Operating Officer seeking its approval for the revised Statement of Investment Principles for the East Sussex Pension Fund.

 

31.2     The Committee RESOLVED to approve the revised Statement of Investment Principles.

32.

Pension Fund Risk Register pdf icon PDF 136 KB

Additional documents:

Minutes:

32.1     The Committee considered a report by the Chief Operating Officer containing the Pension Fund Risk Register.

 

32.2     The Committee RESOLVED to approve the Pension Fund Risk Register.

33.

Investment Consultancy and Actuarial Services - Verbal Update

Minutes:

33.1     The Committee received a verbal update relating to the investment consultancy and actuarial services.

34a

Officers' Report - Business Operations pdf icon PDF 282 KB

Additional documents:

Minutes:

34a.1   The Committee considered a report by the Head of Orbis Business Operations providing an update on business operations.

 

34a.2   The Committee expressed its concern over the performance of Orbis against its Key Performance Indicators (KPIs) and expressed a desire to see an improvement at future meetings.

 

34a.3   The Committee RESOLVED to note the report and its appendices.

34b

Officers' Report - General Update pdf icon PDF 155 KB

Minutes:

34b.1   The Committee considered a report by the Chief Operating Officer providing a general update on matters related to East Sussex Pension Fund activities.

 

34b.2   The Committee RESOLVED to note the report.

 

35.

Pension Committee Work Programme/Training pdf icon PDF 141 KB

  • Joint Training Session - updates

 

Additional documents:

Minutes:

35.1     The Committee considered a report by the Chief Operating Officer containing the latest version of the Pension Board/Committee Forward Plan for 2015/16.

 

35.2     The Committee RESOLVED to note the report and its appendices; and the joint training proposals.