Decision details
LOCAL AUTHORITY PENSION FUND FORUM MEMBERSHIP
Decision Maker: Pensions Committee
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
Decisions:
The Committee received a presentation from a representative from the LAPFF on the benefits of the Havering Pension Fund (the ‘Fund’) becoming a member of his organisation.
Members recognised that LAPFF has lobbying power when it comes to holding predominantly UK-based companies to account for their operation and governance. Questions were raised however regarding its influence and strategy with the emergence of pooled resources such as CIV.
The Committee:
1. Agreed that the fund should become a member of LAPFF on an initial one year basis with a review in November 2018 as to continued membership;
2 Noted that the Investment Strategy Statement would be amended To reflect membership of LAPFF and incorporation at the next review
The resolution was passed by 4 votes to 3. Councillors Crowder, Wallace and Chapman voted against the resolution.
Publication date: 21/09/2017
Date of decision: 19/09/2017
Decided at meeting: 19/09/2017 - Pensions Committee
Accompanying Documents: