Agenda and minutes
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Contact: Julie Plant Email: julie.plant@staffordshire.gov.uk
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Declarations of Interest in accordance with Standing Order 16.5 Minutes: There were no declarations of interest on this occasion. |
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Minutes of meeting held on 9 September 2014 Minutes: RESOLVED – That the minutes of Meeting of the Pensions Panel held on 9 September 2014 be confirmed and signed by the Chairman. |
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Pension Fund Investments as at 30 September 2014 Report of the Director of Finance and Resources
Additional documents: Minutes: The Director of Finance and Resources submitted a summary of the performance of the Pension Fund together with a portfolio of the Fund’s investments as at 30 September 2014.
The Panel noted that, at £3.45 billion, the market value of the Fund at 30 September 2014 was the highest market value of the Fund reported to date. The Actuary had recently indicated that the funding level of the Fund has improved, since the actuarial valuation in March 2013, substantially as a result of the performance of investments. Also, on a ‘like for like’ comparison with 87 other Local Authority Pension Funds, Staffordshire’s funding level was above average.
RESOLVED – That the Pension Fund performance and portfolio of investments for the quarter ended 30 September 2014 be noted. |
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Dates of Future Meetings 3 March 2015 16 March 2015 (Special Meeting)
(To be confirmed) 9 June 2015 21 July 2015 8 September 2015 1 December 2015 1 March 2016
All meetings are scheduled to start at 9.30 am at County Buildings, Stafford
Minutes: 3 March 2015 16 March 2015 (Special Meeting) 9 June 2015 21 July 2015 (Managers’ Day) 8 September 2015 1 December 2015 1 March 2016
All meetings are scheduled to start at 9.30am at County Buildings, Stafford. |
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Exclusion of the Public The Chairman to move:-
‘That the public be excluded from the meeting for the following items of business which involve the likely disclosure of exempt information as defined in the paragraphs of Part 1 of Schedule 12A of the Local Government Act 1972 (as amended) indicated below’. Minutes: RESOLVED -, That the public be excluded from the meeting for the following items of business which involve the likely disclosure of exempt information as defined in the paragraph of Part One of Schedule 12A of the Local Government Act 1972 (as amended) indicated below.
The Panel then proceeded to consider reports on the following issues: |
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Exempt Minutes of Meeting held on 9 September 2014 (exemption paragraph 3) |
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Property - Confirmation of the action of the Director of Finance and Resources (exemption Paragraph 3) Report of the Director of Finance and Resources
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Private Equity - Review of position at 30 September 2014 (exemption paragraph 3) Report of the Director of Finance and Resources |
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Strategic Benchmark Review and Monitoring (exemption Paragraph 3) |
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Economic and Market Update Report and presentation by Hymans Robertson
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Review of Position as at 31 October 2014 Report of the Director of Finance and Resources
(Report of Record Currency Management for the month ended 31 October 2014 enclosed for information)
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Pension Fund Performance and Manager Monitoring for the quarter ended 30 September 2014 (exemption paragraph 3) (Report of Portfolio Evaluation for the quarter ended 30 September 2014 enclosed for information)
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Corporate Governance and Socially Responsible Investment Report Quarter 2 2014 (exemption paragraph 3) Report of the Director of Finance and Resources
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UK Equity Benchmarks (exemption paragraph 3) Presentation by Hymans Robertson |
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Manager Presentation (exemption paragraph 3) To receive a presentation from Standard Life Investments on the performance of the Fund’s UK Equity portfolio.
(Report of Standard Life Investments for the quarter ended 30 September 2014 enclosed for information)
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