Agenda and minutes

17.1     The minutes of the meeting held on 15 June 2018 were agreed as a correct record.

18.1     Apologies for absence were received from Cllr Stuart Earl and Cllr David Tutt.

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.

19.1     There were no declarations of interest.

Notification of items which the Chair considers to be urgent and proposes to take at the appropriate part of the agenda.

20.1     There were no urgent items.

21.1     The Committee considered a report produced by the Independent Auditor (KPMG) to those charged with governance on the Pension Fund Annual Report 2017/18, including the anticipated unqualified audit opinion on the 2017/18 Pension Fund Annual Report.

21.2     The Committee RESOLVED to:

1) Note the Independent Auditor’s (KPMG) report to those charged with governance on Pension Fund Annual Report 2017/18;

(2) Approve the Pension Fund Annual Report 2017/18 for publication;

3) request a report by Northern Trust on Level 2 and Level 3 Investments at a future meeting.

To consider excluding the public and press from the meeting for the remaining agenda item on the grounds that if the public and press were present there would be disclosure to them of exempt information as specified in paragraph 3 of Part 1 of the Local Government Act 1972 (as amended), namely information relating to the financial or business affairs of any particular person (including the authority holding that information).

22.1    The Committee RESOLVED to exclude the public and press from the meeting for the remaining agenda item on the grounds that if the public and press were present there would be disclosure to them of exempt information as specified in paragraph 3 of Part 1 of the Local Government Act 1972 (as amended), namely information relating to the financial or business affairs of any particular person (including the authority holding that information).

23.1     The Committee considered a report providing an update on the activities undertaken by the ACCESS Pool.

23.2     The Committee RESOLVED to:

1) Note the progress made by the ACCESS Pool; and

2) Agree the Voting Policy for Investment Managers of ACCESS Local Government Pension Scheme (LGPS).