Apologies were received from Councillors James Glass (who attended virtually) and Stephanie Nunn.

Members are invited to disclose any interest in any of the items on the agenda at this point of the meeting.

Members may still disclose any interest in any item at any time prior to the consideration of the matter.

There were no disclosures of interests.

To approve as correct the minutes and exempt minutes of the meeting held on 24^th June 2025.

The minutes of the previous meeting were agreed as a correct record and were signed by the Chairman.

To agree whether the public should be excluded from relevant parts 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 3 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 agreed to exclude the public and press from all relevant parts of the meeting.

The Committee received a report on the Pension Fund performance for quarter end June 2025.

Members noted the fund had grown to a total of £1.086 billion since the previous quarter end. The fund had been granted discretion, regarding the McCloud ruling, to extend implementation until August 2026. It was noted that the Annual Benefit Statements would be legally required to include all relevant McCloud information. Members noted the decision had been taken by the Council’s Chief Executive.

Officers gave detail of a consultation that had taken place however Havering had not submitted a response due to the length and complexity of the document. Hymans responded on behalf of Havering and their position was supported.

Councillors were reminded again to complete all LOLA training modules.

The Committee then received an exempt presentation from one of the Fund Managers.

The Committee agreed all the recommendations as set out in the report.