Agenda and minutes

To consider whether the public should now be excluded from the remainder of the meeting on the grounds that it is likely that, in view of the nature of the business to be transacted or the nature of the proceedings, if members of the public were present during those items there would be disclosure to them of exempt information within the meaning of paragraph 1 of Schedule 12A to the Local Government Act 1972; and, if it is decided to exclude the public on those grounds, the Committee to resolve accordingly on the motion of the Chairman.

The Committee resolved to excluded the public from the meeting during discussion of the following item on the grounds that if members of the public were present it was likely that, given the nature of the business to be transacted, that there would be disclosure to them of exempt information within the meaning of paragraph 3 of Schedule 12A to the Local Government Act 1972 that is information relating to the financial or business affairs of any particular person (including the authority holding that information and it was not in the public interest to publish this information

The Committee interviewed four potential Managers for the position of Pension Funds Investment Adviser. The Committee received advice from officers.

The four companies were bidding to fill the position of Pension Funds Investment Advisers Each company was invited to make a presentation lasting 20 -25 minutes followed by 20 minutes for questions. Members scored each company against a number of set criteria

The Committee agreed unanimously that the preferred candidate was Hymans Robertson and authorised officers to open negotiations with Hymans Robertson LLP to continue acting as the Pension Funds Investment Adviser.