Issue - meetings

Rainham and Beam Park Housing Zone - Appointment of a Joint Venture Development Partner.

Meeting: 12/12/2017 - Pensions Committee (Item 31)

31 PENSION BOARD COMMITTEE MINUTES (26 SEPTEMBER 2017) pdf icon PDF 215 KB

Minutes:

The Committee received and noted the unapproved minutes of the Local Pension Board held on the 26 September 2017.


Meeting: 12/12/2017 - Pensions Committee (Item 34)

34 LOCAL PENSION BOARD ANNUAL REPORT- YEAR ENDED 31 MARCH 2017 pdf icon PDF 24 KB

Additional documents:

Minutes:

The Committee received the Local Pension Board Annual Report 2016/17, which was presented by Mark Holder, Chairman of the Local Pension Board.

 

The report had been produced in line with the guidance issued by the Scheme Advisory Board and detailed activities for the past year and focussed on the planning and development of a robust action plan for the Board with relevant training and development for the coming/future year.

 

The Committee thanked Mark Holder for his report.

 

Resolved:

 

That the 2016/17 Local Pension Board Annual Report, be noted.

 


Meeting: 12/12/2017 - Pensions Committee (Item 33)

33 RESPONSIBLE INVESTMENT REVIEW pdf icon PDF 95 KB

Additional documents:

Minutes:

The report before members presented a summary on the responsible investment activities, of the Fund’s investment managers in support of the Committee’s ongoing monitoring requirement as set out in the Investment Strategy Statement.  The review focused on the period for the year to 30 June 2017.

 

Officers were in discussion with Hymans Robertson regarding the potential development of responsible investment monitoring and to explore the possibility of arranging a training session in the New Year that would also cover the broader developments of the investment strategy, incorporating responsible investments and the impact this may have on the Fund. 

 

The issue of fossil fuel was mentioned and a training session on social responsibility investments and challenges, and a collective discussion on fossil fuels and managing financial risk were suggested. Officers, in discussion with members indicated that this can be picked up as part of the training and development on responsible investing.

 

A report on the FRC Stewardship Code Principles would be presented to the next meeting for consideration. 

 

Resolved that:

 

i)          The Hymans summary review of fund manager voting and engagement activity (Appendix A), be noted; and

ii)         The potential development of the monitoring and review process as outlined in the Hymans report (Appendix A), be noted.