Agenda and minutes

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

26.1.    Cllr David Tutt gave his apologies for absence.

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.

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.

28.1     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.

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

·         Schroders Update

·         Investment Pooling and Collaboration

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.

31.1     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.

32.1     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.

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

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.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.

• Joint Training Session - updates

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.