Agenda and decisions

Local Pension Committee - Wednesday, 19 June 2024 9.30 am

Venue: Sparkenhoe Committee Room, County Hall, Glenfield. View directions

Contact: Mrs Angie Smith (0116 305 2583).  Email: Angie.Smith@leics.gov.uk

Items
No. Item

1.

Appointment of Chairman.

Decision:

RESOLVED:

 

That Mr. T. Barkley CC be appointed Chairman for the period ending with the date of the Annual Meeting of the County Council 2025.

 

 

2.

Appointment of Deputy Chairman.

Decision:

RESOLVED:

 

That Mr. D. Grimley CC be elected Deputy Chairman for the period ending with the date of the Annual Meeting of the County Council 2025.

 

3.

Minutes. pdf icon PDF 163 KB

4.

Question Time.

5.

Questions asked by members under Standing Order 7(3) and 7(5).

6.

Urgent Items.

7.

Declarations of Interest.

8.

Risk Management and Internal Controls. pdf icon PDF 201 KB

Additional documents:

Decision:

RESOLVED:

 

(a) That the Risk Management and Internal Controls report be noted.

(b) That the revised Pension Fund Risk Register attached as Appendix A to the report be approved.

 

9.

Responsible Investing Update. pdf icon PDF 202 KB

Additional documents:

Decision:

RESOLVED:

 

That the update report on Responsible Investing be noted.

 

10.

McCloud Remedy Progress Report. pdf icon PDF 173 KB

Additional documents:

Decision:

RESOLVED:

 

That the McCloud Remedy Progress Report be noted.

 

11.

Summary Valuation of Pension Fund Investments. pdf icon PDF 475 KB

Additional documents:

Decision:

RESOLVED:

 

That the SummaryValuation of Pension Fund Investment report be noted.

 

12.

Action Agreed by the Investment Sub-Committee. pdf icon PDF 141 KB

Decision:

RESOLVED:

 

That the report on actions agreed by Investment Sub-Committee be noted.

 

13.

Training Policy Review. pdf icon PDF 177 KB

Additional documents:

Decision:

RESOLVED:

 

That the proposed changes to the Training Policy attached as Appendix A to the report be approved.

 

14.

Investment Sub-Committee Membership. pdf icon PDF 123 KB

Decision:

RESOLVED:

 

That the Investment Sub-Committee Membership be noted.

 

15.

LGPS Central Update. pdf icon PDF 133 KB

Additional documents:

Decision:

RESOLVED:

 

That the report on the Leicestershire Pension Fund’s investments with LGPS Central and presentation be noted.

 

 

16.

LGPS Central - Infrastructure Presentation. pdf icon PDF 126 KB

Additional documents:

Decision:

RESOLVED:

 

That the report on the Leicestershire Pension Fund’s infrastructure investments with LGPS Central and presentation be noted.

 

17.

Date of next meeting.

The next meeting is scheduled for 6 September 2024, at 9.30am.

19.

Exclusion of the Press and Public.

The public are likely to be excluded during consideration of the remaining items in accordance with Section 100(A)(4) of the Local Government Act 1972 (Exempt Information).

Decision:

RESOLVED:

 

That under Section 100(A) of the Local Government Act 1972 the public be excluded from the meeting for the remaining items of business on the grounds that they involve the likely disclosure of exempt information as defined in Part 1 of Schedule 12(A) of the Act.

 

 

20.

Presentation on LCCPF and Infrastructure Investments

Decision:

RESOLVED:

 

That the presentation on LCCPF and infrastructure investments delivered by LGPS Central be noted.

 

21.

LGPS Central Quarterly Report.

Decision:

RESOLVED:

 

That the report be noted.

 

22.

Ruffer.

Decision:

RESOLVED:

 

That the report be noted.

 

23.

Aberdeen SL Capital.

Decision:

RESOLVED:

 

That the report be noted.

 

24.

Adam Street Partners.

Decision:

RESOLVED:

 

That the report be noted.

 

25.

Catapult Ventures.

Decision:

RESOLVED:

 

That the report be noted.

 

26.

Fulcrum.

Decision:

RESOLVED:

 

That the report be noted.

 

27.

Legal and General Investment Managers.

Decision:

RESOLVED:

 

That the report be noted.

 

28.

LGPS Central Limited.

Decision:

RESOLVED:

 

That the report be noted.

 

29.

Colliers Property Performance and Investment.

Decision:

RESOLVED:

 

That the report be noted.

 

30.

Christofferson Robb & Company.

Decision:

RESOLVED:

 

That the report be noted.

 

31.

IFM Investors Quarterly Report.

Decision:

RESOLVED:

 

That the report be noted.

 

32.

Infracapital Greenfield Partners.

Decision:

RESOLVED:

 

That the report be noted.

 

33.

LaSalle.

Decision:

RESOLVED:

 

That the report be noted.

 

34.

M&G Investments.

Decision:

RESOLVED:

 

That the report be noted.

 

35.

Partners Group.

Decision:

RESOLVED:

 

That the report be noted.

 

36.

Quinbrook Infrastructure Partners

Decision:

RESOLVED:

 

That the report be noted.

 

37.

Stafford Timberland Quarterly Report.

Decision:

RESOLVED:

 

That the report be noted.

 

38.

Aegon Asset Management.

Decision:

RESOLVED:

 

That the report be noted.

 

39.

Total Fund Summary 31 March 2024.

Decision:

RESOLVED:

 

That the report be noted.