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Agenda

Contact: Glenn Barnfield, Principal Committee Co-ordinator 

Items
No. Item

1.

FILMING AT MEETINGS

Please note this meeting may be filmed or recorded by the Council for live or subsequent broadcast via the Council’s internet site or by anyone attending the meeting using any communication method. Although we ask members of the public recording, filming or reporting on the meeting not to include the public seating areas, members of the public attending the meeting should be aware that we cannot guarantee that they will not be filmed or recorded by others attending the meeting. Members of the public participating in the meeting (e.g. making deputations, asking questions, making oral protests) should be aware that they are likely to be filmed, recorded or reported on.  By entering the meeting room and using the public seating area, you are consenting to being filmed and to the possible use of those images and sound recordings.

 

The chair of the meeting has the discretion to terminate or suspend filming or recording, if in his or her opinion continuation of the filming, recording or reporting would disrupt or prejudice the proceedings, infringe the rights of any individual or may lead to the breach of a legal obligation by the Council.

2.

Apologies for absence

3.

Urgent Business

The Chair will consider the admission of any late items of Urgent Business.  (Late items of Urgent Business will be considered under the agenda item where they appear. New items of Urgent Business will be dealt with under item X below).

4.

Declarations of interest and conflicts of interest

A member with a disclosable pecuniary interest or a prejudicial interest in a matter who attends a meeting of the authority at which the matter is considered:

 

(i) must disclose the interest at the start of the meeting or when the interest becomes apparent, and

(ii) may not participate in any discussion or vote on the matter and must withdraw from the meeting room.

 

A member who discloses at a meeting a disclosable pecuniary interest which is not registered in the Register of Members’ Interests or the subject of a pending notification must notify the Monitoring Officer of the interest within 28 days of the disclosure.

 

Disclosable pecuniary interests, personal interests and prejudicial interests are defined at Paragraphs 5-7 and Appendix A of the Members’ Code of Conduct

 

The Public Service Pensions Act 2013 defines a conflict of interest as a financial or other interest which is likely to prejudice a person’s exercise of functions. Therefore, a conflict of interest may arise when an individual:

 

i)             Has a responsibility or duty in relation to the management of, or provision of advice to, the LBHPF, and

 

ii)            At the same time, has:

-       a separate personal interest (financial or otherwise) or

-       another responsibility in relation to that matter,

 

giving rise to a possible conflict with their first responsibility. An interest could also arise due to a family member or close colleague having a specific responsibility or interest in a matter.

 

At the commencement of the meeting, the Chair will ask all Members of the Committee and Board to declare any new potential conflicts and these will be recorded in the minutes of the meeting and the Fund’s Register of Conflicts of Interest. Any individual who considers that they or another individual has a potential or actual conflict of interest which relates to an item of business at a meeting must advise the Chair prior to the meeting, where possible, or state this clearly at the meeting at the earliest possible opportunity.

 

5.

Record of training undertaken since last meeting

Note from the Assistant Director of Corporate Governance and Monitoring Officer

When considering the items below, the Committee will be operating in its capacity as ‘Administering Authority’. When the Committee is operating in its capacity as an Administering Authority, Members must have due regard to their duty as quasi-trustees to act in the best interest of the Pension Fund above all other considerations.

6.

Minutes pdf icon PDF 212 KB

To agree the minutes of the Pensions Committee and Board meeting held on the 11th July 2019.

7.

Pensions Administration Report pdf icon PDF 245 KB

The report gives a breakdown of the amount of visits made to the Haringey pension fund website, presents details of a new admission to the pension fund, and provides the issue of Annual Benefit Statements.

8.

2019 Pension Fund Valuation pdf icon PDF 159 KB

The purpose of the paper is to provide information to members of the Pensions Committee and Board (PCB) regarding the 2019 fund valuation, which is currently underway, and which will be a recurring item for a number of future committee meetings.

 

9.

Equitable Life Additional Voluntary Contribution (AVC) Scheme pdf icon PDF 147 KB

The purpose of the paper is to provide information to members of the Pensions Committee and Board regarding the recent proposals regarding the historic Equitable Life AVC investments that a small number of members of the Haringey Fund hold.

 

 

10.

Local Government Pension Scheme Governance Update from Independent Advisor pdf icon PDF 119 KB

The purpose of the paper is to provide information to members of the Pensions Committee and Board regarding the recent ‘Good Governance’ consultation within the Local Government Pension Scheme (LGPS).

 

Additional documents:

11.

Forward Plan pdf icon PDF 72 KB

The purpose of the paper is to identify topics that will come to the attention of the Committee and Board in the next twelve months and to seek Members input into future agendas.  Suggestions on future training are also requested.

 

 

Additional documents:

12.

Risk Register pdf icon PDF 124 KB

This paper provides an update on the Fund’s risk register and an opportunity for the Committee to further review the risk score allocation.

 

 

Additional documents:

13.

Local Authority Pension Fund Forum (LAPFF) Voting Update pdf icon PDF 295 KB

The Fund is a member of the LAPFF and the Committee and Board has previously agreed that the Fund should cast its votes at investor meetings in line with LAPFF voting recommendations. This report provides an update on voting activities on behalf of the Fund.

 

14.

Pension Fund Quarterly Update pdf icon PDF 256 KB

To report the following in respect of the three months to 31 March 2019:

      Funding Level Update

      Investment asset allocation

      Independent Advisor’s Market Commentary

      Investment Performance

      Investment review for CQS: one of the Fund’s London CIV managers

Additional documents:

15.

New items of urgent business

16.

EXCLUSION OF THE PRESS AND PUBLIC

To resolve

 

That the press and public be excluded from the meeting for consideration of item 17, 18, 19 and 20 as they contain exempt information as defined in Section 100a of the Local Government Act 1972 (as amended by Section 12A of the Local Government Act 1985); para 3; namely information relating to the financial or business affairs of any particular person (including the authority holding that information).

17.

Private Officer Report: London CIV Pension Arrangements

NOT FOR PUBLICATION by virtue of paragraphs 3 of Part 1 of Schedule 12A of the Local Government Act 1972.

18.

2019 Pension Fund Valuation

As per item 8.

19.

Equitable Life Additional Voluntary Contribution (AVC) Scheme

As per item 9.

20.

Pension Fund Quarterly Update

As per item 14.

21.

Exempt minutes

To agree the exempt minutes of the Pensions Committee and Board meeting held on the 11th July 2019.