Agenda and minutes
Venue: Room 18.03, 18th Floor, City Hall, 64 Victoria Street, London, SW1E 6QP
Contact: Toby Howes, Senior Committee and Governance Officer Tel: 07815 663854; Email: thowes@westminster.gov.uk
No. | Item | |||
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Membership To note any changes to the membership. Minutes: 1.1 There were no changes to the membership. |
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Declarations of Interest To receive declarations of interest by Members and Officers of any pecuniary interest or any other significant interest in matters on this agenda. Minutes: 2.1 There were no declarations of interest. |
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To approve the minutes of the Pension Fund Committee meetings held on 23 January 2020 and 20 February 2020 respectively. Additional documents: Minutes: 3.1 RESOLVED:
That the minutes of the meetings held on 23 January 2020 and 20 February respectively be signed by the Chairman as a correct record of proceedings. |
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Pension Administration Update PDF 124 KB Report of the Director of People Services. Additional documents:
Minutes: 4.1 This item was deferred to a future meeting. |
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Pension Data Quality PDF 272 KB Report of the Director of People Services. Minutes: 5.1 This item was deferred to a future meeting. |
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Report of the Director of People Services. Minutes: 6.1 The Committee considered and agreed to the admission agreement request.
6.2 RESOLVED:
1. That it be agreed that the Fund enter into a closed admission agreement with Gold Care that allows the two employees to remain in the Westminster City Council pension fund.
2. That it be agreed that the Fund agree a guarantee or bond to cover the risk of any default by Gold Care. |
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Voluntary Scheme Pays Request for 2019-2020 Report of the Director of People Services. Minutes: 7.1 The Committee agreed to the voluntary scheme pays request.
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Triennial Valuation PDF 301 KB Report of the Tri-Borough Director of Treasury and Pensions. Additional documents:
Minutes: 8.1 The Committee had before them the final results of the 2019 triennial valuation. Members considered the report and approved the triennial valuation and the Funding Strategy Statement.
8.2 Phil Triggs (Tri-Borough Director of Treasury and Pensions) added that he would send the presentation detailing the current situation of the Pension Fund in light of the current COVID-19 pandemic.
8.3 RESOVLED:
That the 2019 triennial actuarial valuation and the Funding Strategy Statement be agreed. |
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Quarterly Performance Report PDF 490 KB Report of the Tri-Borough Director of Treasury and Pensions. Additional documents: Minutes: 9.1 This item was deferred to a future meeting. |
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Fund Financial Management PDF 627 KB Report of the Tri-Borough Director of Treasury and Pensions. Additional documents:
Minutes: 10.1 This item was deferred to a future meeting. |
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Investment Strategy Statement and Investment Beliefs PDF 322 KB Report of the Tri-Borough Director of Treasury and Pensions. Additional documents:
Minutes: 11.1 This item was deferred to a future meeting. |
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Any Other Business The Chairman Considers Urgent Minutes: 12.1 There was no other business. |
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Exclusion of Press and Public RECOMMENDED: That under Section 100 (A) (4) and Part 1 of Schedule 12A to the Local Government Act 1972 (as amended), the public and press be excluded from the meeting for the following items of business because they involve the likely disclosure of exempt information on the grounds shown below and it is considered that, in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information:
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Investment Strategy Review Report of the Tri-Borough Director of Treasury and Pensions. Additional documents:
Minutes: 14.1 This item was deferred to a future meeting. |
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Minutes To approve the confidential minutes of the Pension Fund Committee meeting held on 23 January 2020. Minutes: 15.1 RESOLVED:
That the confidential minutes of the meeting held on 23 January 2020 be signed by the Chairman as a correct record of proceedings. |