Greenwich Council

Agenda and minutes

Venue: Town Hall, Wellington Street, Woolwich SE18 6PW. View directions

Contact: Clare Chapman  Email: clare.chapman@royalgreenwich.gov.uk or tel: 020 8921 6160

Items
No. Item

1.

Apologies for Absence

To receive apologies for absence from Members of the Panel.

Minutes:

There were no apologies for absence.

2.

Urgent Business

The Chair to announce any items of urgent business circulated separately from the main agenda.

Minutes:

There was no urgent business.

3.

Declarations of Interest pdf icon PDF 65 KB

Members to declare any personal and financial interests in items on the agenda.  Attention is drawn to the Council’s Constitution; the Council’s Code of Conduct and associated advice.

Additional documents:

Minutes:

Resolved –

 

That the list of Councillors’ memberships as Council appointed representatives on outside bodies, joint committees and school governing bodies be noted.

4.

Minutes pdf icon PDF 75 KB

Members are requested to confirm as an accurate record the Minutes of the Pension Fund Investment and Administration Panel meeting held on 28 November 2016.

 

No motion or discussion may take place upon the Minutes except as to their accuracy, and any question on this point will be determined by a majority of the Members of the body attending who were present when the matter in question was decided.  Once confirmed, with or without amendment, the person presiding will sign the Minutes.

Minutes:

Resolved -

 

That the minutes of the meeting of the Pension Fund Investment & Administration Panel held on 28 November 2016  be agreed and signed as a true and accurate record.

5.

Fund Manager Performance to 30 September 2016 pdf icon PDF 89 KB

To note a report on the performance of the Royal Borough of Greenwich Pension Fund’s (‘the Fund’) investment managers for the period ending 30 September 2016 and to consider the information detailed in the Exempt Appendix.

 

Additional documents:

Minutes:

The report at the appendix was presented by the Senior Investment Consultant from Hymans Robertson.  He advised that the performance of investment managers for the third Quarter of 2016 had been strong and was relative to target benchmarks.  He had no concerns with individual investment managers.

 

Resolved –

 

That the report on the performance of the Royal Borough of Greenwich Pension Fund’s investment managers for the period ending 30 September 2016 be noted.

 

That it be agreed to consider the information detailed in the Exempt Appendix to the report in closed session under the provisions of the Local Government Act 1972, Schedule 12A, Paragraph 3 “Information relating to the financial or business affairs of any particular person (including the authority holding that information)”.


That it be agreed that the information detailed in the Exempt Appendix to this report be not subsequently released to the press or public. 

6.

Early Retirements 1 April 2016 to 30 September 2016 pdf icon PDF 57 KB

To note a report on early retirements covering the period 1 April 2016 to 30 September 2016 and review the financial effect.

Additional documents:

Minutes:

The report was introduced by the Head of Financial Operations.

 

The Head of Financial Operations introduced Alison Brown who had taken up the post of Pensions Manager. 

 

Resolved –

 

That the report on early retirements covering the period 1 April 2016 to 30 September 2016 be noted.

 

That it be agreed that the appendix to the report be considered in closed session as information as defined in paragraph 2 of Schedule 12A of the Local Government Act 1972 (Schedule 1) is likely to be made known: “2. Information which is likely to reveal the identity of an individual.”

 

That it be agreed that the information detailed in the exempt appendix to the report be not subsequently released to the press or public.