Meeting documents
Dorset County Council Pension Fund Committee
Thursday, 26th November, 2015
Committee Information
Pension Fund Committee - 26/11/2015: 10:00:00
The Offices of CBREi, 3rd Floor, One New Change, London, EC4M 9AF
The Offices of CBREi, 3rd Floor, One New Change, London, EC4M 9AF
Committee Minutes Agenda Item | |
Agenda Details | |
| Item Number: | 0 |
| Status: | Public |
| Heading: | Agenda |
| Item: | |
| Reports and Attachments: | |
| Item Number: | 1 |
| Status: | Public |
| Heading: | Apologies for Absence |
| Item: | To receive any apologies for absence. |
| Item Number: | 2 |
| 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: | 3 |
| Status: | Public |
| Heading: | Minutes |
| Item: | To confirm the minutes of the meeting of the Pension Fund Committee held on 14 September 2015. |
| Reports and Attachments: | 06 Agenda Item 03 File - 03 261115 Minutes of Previous Meeting (140915)_P1 |
| Item Number: | 4 |
| Status: | Public |
| Heading: | Appointment of Vice-Chairman |
| Item: | To appoint a Vice-Chairman for the year 2015/16. |
| Item Number: | 5 |
| Status: | Public |
| Heading: | Public Participation |
| Item: | (a) Public Speaking (b) Petitions |
| Item Number: | 6 |
| Status: | Public |
| Heading: | Pension Fund Annual Report 2014/15 |
| Item: | To receive the Pension Fund Annual Report and Accounts for the year 2014/15 (attached). |
| Reports and Attachments: | 10 Agenda Item 06 File - 06 261115 REP 6 Pension Fund Annual Report 201516_P1 |
| Item Number: | 7 |
| Status: | Public |
| Heading: | Funding Update Report |
| Item: | To receive the Funding Update report for the Fund's Actuary Barnett Waddingham (attached). |
| Reports and Attachments: | 12 Agenda Item 07 File - 07 261115 REP 7 Funding Update Report Barnett Waddingham_P1 |
| Item Number: | 8 |
| Status: | Public |
| Heading: | LGPS Update - Pooling Investments |
| Item: | To receive a report by the Pension Fund Administrator (attached). |
| Reports and Attachments: | 14 Agenda Item 08 File - 08 261115 REP 8 LGPS Update Pooling Investments_P1 |
| Item Number: | 9 |
| Status: | Public |
| Heading: | Wellington Asset Management |
| Item: | To receive a presentation from one of the Fund's newly appointed Global Equity managers, Wellington Asset Management introducing themselves and their investment strategy. |
| Item Number: | 10 |
| Status: | Public |
| Heading: | Fund Administrator's Report |
| Item: | To consider the six monthly report of the Pension Fund Administrator (attached). This includes Strategic Fund Allocation for the six months ended 30 September 2015, cash flow and performance analysis and other tropical issues. As part of this item the Committee will receive the report from the Independent Advisor on investment outlook and asset allocation (Appendix 2 of the report refers). |
| Reports and Attachments: | 17 Agenda Item 10 File - 10 261115 REP 10 Full Fund Administrators Report_P1 |
| Item Number: | 11 |
| Status: | Public |
| Heading: | Property Portfolio |
| Item: | To receive the report of CBRE Global Investors (attached). |
| Reports and Attachments: | 20 Agenda Item 11 File - 11 261115 REP 11 Property Portfolio_P1 |
| Item Number: | 12 |
| Status: | Public |
| Heading: | Corporate Bond Portfolio |
| Item: | To receive the report of Royal London Asset Management (attached). |
| Reports and Attachments: | 22 Agenda Item 12 File - 12 261115 REP 12 Corporate Bond portfolio_P1 |
| Item Number: | 13 |
| Status: | Public |
| Heading: | Liability Hedging portfolio |
| Item: | To receive the report of Insight Investments (attached). |
| Reports and Attachments: | 24 Agenda Item 13 File - 13 261115 REP 13 Liability Hedging portfolio_P1 |
| Item Number: | 14 |
| Status: | Public |
| Heading: | The UK Equity portfolio |
| Item: | To receive the report by the Internal Manager (attached). |
| Reports and Attachments: | 26 Agenda Item 14 File - 14 PFC Full 261115 REP 14 UK Equity Portfolio_P1 |
| Item Number: | 15 |
| Status: | Public |
| Heading: | Pensions Administration |
| Item: | To consider a report by the Pension Fund Administrator (attached). |
| Reports and Attachments: | 28 Agenda Item 15 File - 15 261115 REP 15 Full Pensions Administration_P1 |
| Item Number: | 16 |
| Status: | Public |
| Heading: | Dates of Future Meetings |
| Item: | To confirm the dates for the meetings of the Committee in 2016:- 1 March - County Hall, Dorchester 21/22 June - London (Venue TBC) 8 September - County Hall, Dorchester 23/24 November - London (Venue TBC) |
| Item Number: | 17 |
| Status: | Public |
| Heading: | Questions |
| Item: | To answer any questions received in writing by the Chief Executive by not later than 10.00am on 23 November 2015. |
