Meeting documents
Dorset County Council Pension Fund Committee
Wednesday, 24th June, 2015
Committee Information
Pension Fund Committee - 24/06/2015: 10:00:00
COMMITTEE ROOM 2, COUNTY HALL, COLLITON PARK, DORCHESTER
COMMITTEE ROOM 2, COUNTY HALL, COLLITON PARK, DORCHESTER
Committee Minutes Agenda Item | |
Agenda Details | |
| Item Number: | 0 |
| Status: | Public |
| Heading: | Agenda |
| Item: | |
| Reports and Attachments: | |
| Item Number: | 1 |
| Status: | Public |
| Heading: | Election of Chairman |
| Item: | To elect a Chairman for the year 2015/16. |
| Item Number: | 2 |
| Status: | Public |
| Heading: | Appointment of Vice-Chairman |
| Item: | To appoint a Vice-Chairman for the year 2015/16. |
| Item Number: | 3 |
| Status: | Public |
| Heading: | Apologies for Absence |
| Item: | To receive any apologies for absence. |
| Item Number: | 4 |
| Status: | Public |
| Heading: | Code of Conduct |
| Item: | Members are required to comply with the requirements of the Localism Act 2011 regarding disclosable pecuniary interests and you should therefore: Check if there is an item of business on this agenda in which you or a relevant person has a disclosable pecuniary interest. Inform the Secretary to the Joint Committee in advance about your disclosable pecuniary interest and if necessary take advice. Check that you have notified your interest to your own Council's Monitoring Officer (in writing) and that it has been entered in your Council's Register (if not this must be done within 28 days and you are asked to use a notification form available from the clerk). Disclose the interest at the meeting and in the absence of a dispensation to speak and/or vote, withdraw from any consideration of the item. Each Councils' Register of Interests is available on Dorsetforyou.com and the list of disclosable pecuniary interests is set out on the reverse of the form. |
| Item Number: | 5 |
| Status: | Public |
| Heading: | Terms of Reference |
| Item: | Terms of Reference:- To exercise all functions of the Council as administering authority under the Local Government Superannuation Act and Regulations and deal with all matters relating thereto. In broader terms this means that the Committee has responsibility for: Determining the overall investment strategy and strategic asset allocation of the Fund, and in doing so taking proper professional advice. Overseeing the preparation of and regularly reviewing the Fund's key policy documents including the Statement of Investment Principles (SIP), Funding Strategy Statement, Governance Policy and Compliance Statement, Business Plan, Communications Strategy. Appointing and reviewing the performance of all Fund Managers and other professional service providers. Reviewing all aspects of performance across the Pension Fund Service Deciding upon requests for admission of qualifying organisations wishing to join the Fund. Deciding upon key pension policy and discretions that are the responsibility of the Administering Authority. Ensuring that at all times that these responsibilities are discharged in the best interests of the Fund. *Making appointments to the Pension Board of the Dorset County Pension Fund. (* The proposed Terms of Reference will be considered by the Standards and Governance Committee held on 3 July 2015 and the County Council on 23 July 2015). |
| Item Number: | 6 |
| Status: | Public |
| Heading: | Minutes |
| Item: | To confirm the minutes of the meeting of the Pension Fund Committee held on 3 March 2015. |
| Reports and Attachments: | |
| Item Number: | 7 |
| Status: | Public |
| Heading: | Public Participation |
| Item: | (a) Public Speaking (b) Petitions |
| Item Number: | 8 |
| Status: | Public |
| Heading: | Governance Compliance Update |
| Item: | To receive the report of the Independent Professional Observer (attached). |
| Reports and Attachments: | 12 Agenda Item 08 File - 08 PFC 240615 REP 8 Governance Compliance Update |
| Item Number: | 9 |
| Status: | Public |
| Heading: | Governance Policy and Compliance Statement |
| Item: | To consider the revised Governance Policy and Compliance Statement (attached). |
| Reports and Attachments: | 14 Agenda Item 09 File - 09 PFC 240615 REP 9 Governance Policy Compliance Statement |
| Item Number: | 10 |
| Status: | Public |
| Heading: | Pensions Administration |
| Item: | To receive a report by the Pension Fund Administratior (attached). |
| Reports and Attachments: | 16 Agenda Item 10 File - 10 PFC 240615 REP 10 Pensions Admin FULL report |
| Item Number: | 11 |
| Status: | Public |
| Heading: | Pension Fund Business Plan |
| Item: | To consider a report by the Pension Fund Administrator (attached). |
| Reports and Attachments: | 18 Agenda Item 11 File - 11 PFC 240615 REP 11 Pension Fund Bus Plan FULL |
| Item Number: | 12 |
| Status: | Public |
| Heading: | Statement of Investment Principles |
| Item: | To consider the revised Statement of Investment Principles (attached). |
| Reports and Attachments: | 20 Agenda Item 12 File - 12 PFC 240615 REP 12 Statement of Invest Principles |
| Item Number: | 13 |
| Status: | Public |
| Heading: | Fund Administrator's Report |
| Item: | To consider a report by the Chief Financial Officer (attached). |
| Reports and Attachments: | 22 Agenda Item 13 File - 13 PFC 240615 REP 13 Fund Administrators Report FULL |
| Item Number: | 14 |
| Status: | Public |
| Heading: | Other Manager reports |
| Item: | To receive the following reports (attached): (a) UK Equality Report (b) Pictet Asset Management - Global Equities (c) Royal London Asset Management - Corporate Bonds (d) CBRE Global Investors (e) Insight Investment |
| Reports and Attachments: | 24 Agenda Item 14 File - 14a PFC 240615 REP 14(a) - UK EquityFULL.pdf |
| Item Number: | 15 |
| Status: | Public |
| Heading: | Dates of Future Meetings |
| Item: | To confirm the dates for the meetings of the Committee in 2015:- 14 September - County Hall, Dorchester 25/26 November - London (Venue TBC) |
| Item Number: | 16 |
| Status: | Public |
| Heading: | Questions |
| Item: | To answer any questions received in writing by the Chief Executive by not later than 10.00am on 19 June 2015. |
