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Agenda and minutes

Venue: This meeting will take place virtually

Contact: Toby Howes, Senior Committee and Governance Officer  Tel: 07815 663854; Email:  thowes@westminster.gov.uk

Items
No. Item

1.

Membership

To note any changes to the membership.

Minutes:

1.1      There were no changes to the membership.

2.

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      Councillor Eoghain Murphy declared that he is an employee of HSBC Asset Management Limited.

 

3.

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:

 

Item Nos

 

 

4, 5 and 6

Grounds

 

 

Information relating to the financial and business affairs of an individual including the authority holding the information and legal advice

 

Minutes:

3.1      RESOLVED:

 

           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:

 

Item Nos

 

 

         4, 5 and   6.

Grounds

 

 

Information relating to the financial and business affairs of an individual including the authority holding the information and legal advice.

 

 

 

4.

Environmental, Social and Governance Equity Manager Selection

Report of the Tri-Borough Director of Treasury and Pensions.

Additional documents:

Minutes:

4.1      The Committee considered the confidential report.

 

4.2      RESOLVED:

 

1.     That the Morgan Stanley Global Sustainability Fund be selected for the active equity category for the residual proportion of 20%.

 

2.     That the LGIM Future World Global Equity Index Fund be selected for the passive equity category for residual proportion of 25%.

 

3.     That it be agreed that further analysis be undertaken on expected transition costs to a new mandate ahead of implementation.

5.

Pension Administration Provider

Report of the Director of People Services.

Minutes:

5.1      The Committee considered the confidential report.

6.

London Collective Investment Vehicle CQS Multi Asset Credit Fund Update

Report of the Tri-Borough Director of Treasury and Pensions.

Minutes:

6.1      The Committee considered the confidential report.