Agenda

Local Pension Committee - Friday, 27 June 2025 9.30 am

Venue: Sparkenhoe Committee Room, County Hall, Glenfield

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

Items
No.	Item
1.	Appointment of Chairman.
2.	Appointment of Vice-Chairman.
3.	Minutes of the meeting held on 14 March 2025. PDF 130 KB
4.	Question Time.
5.	Questions asked by members under Standing Order 7(3) and 7(5).
6.	To advise of any other items which the Chairman has decided to take as urgent elsewhere on the agenda.
7.	Declarations of interest in respect of items on the agenda.
8.	Pension Fund Valuation 2025 - Assumptions and Employer Risk. PDF 191 KB Additional documents: Appendix - Leicestershire Pension Fund 2025 Valuation Assumptions , item 8. PDF 741 KB
9.	McCloud Remedy Progress Report. PDF 142 KB
10.	Additional Voluntary Contributions. PDF 178 KB Additional documents: Appendix - Leics AVC Scheme - 1 July 2025 , item 10. PDF 576 KB
11.	Valuation of Pension Fund Investments. PDF 365 KB Additional documents: Appendix A - Hymans Capital markets spring 2025 , item 11. PDF 2 MB Appendix B - Infrastructure Hymans assurance. , item 11. PDF 242 KB
12.	Fit for the Future and LGPS Central Update. PDF 249 KB Additional documents: Appendix A draft revised TOR , item 12. PDF 179 KB Appendix B Presentation , item 12. PDF 1 MB
13.	Responsible Investment Update. PDF 224 KB Additional documents: Appendix A - RI Plan 2025 May update , item 13. PDF 211 KB Appendix B - LPF Voting Report Q1 2025 , item 13. PDF 135 KB
14.	Risk Management and Internal Controls. PDF 174 KB Additional documents: Appendix A - Pension Fund Risk Register , item 14. PDF 1 MB Appendix B - Pension Fund Risk Register Key - Updated , item 14. PDF 194 KB
15.	Dates of Future Meetings. Future meetings of the Committee are scheduled to take place on the following dates: 26 September 2025 5 December 2025 Members are also asked to note that the Fund’s Annual General Meeting will take place at 12 Noon on the following date, and will be open to all scheme members to attend: 15 December 2025.
16.	Any other items which the Chairman has decided to take as urgent.
17.	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).
18.	Leicestershire Total Fund Summary View the reasons why item 18. is restricted
19.	LGPS Central Quarterly Investment Report - Q1 March 2025 View the reasons why item 19. is restricted
	Growth
20.	Ruffer Quarterly Report View the reasons why item 20. is restricted
21.	Fulcrum Diversified Core Absolute Return Quarterly Report View the reasons why item 21. is restricted
22.	Legal and General Investment Manager Quarterly Report View the reasons why item 22. is restricted
23.	LGPS Central PE Primary Partnership 2018 LP Quarterly Report View the reasons why item 23. is restricted
24.	LGPS Central PE Primary Partnership 2021 LP Quarterly Report View the reasons why item 24. is restricted
25.	LGPS Central PE Primary Partnership 2023 LP Quarterly Report View the reasons why item 25. is restricted
26.	Patria SOF Quarterly Report View the reasons why item 26. is restricted
	Income
27.	KKR Global Infrastructure Investors Fourth Quarterly Report View the reasons why item 27. is restricted
28.	Saltgate UK AVPUT View the reasons why item 28. is restricted
29.	Christofferson Robb & Company CRC Capital Release Fund Quarterly Report View the reasons why item 29. is restricted
30.	IFM Global Infrastructure Quarterly Investor Report View the reasons why item 30. is restricted
31.	Infracapital Greenfield Partners LP - Unaudited Valuation Statement View the reasons why item 31. is restricted
32.	JP Morgan Asset Manager Infrastructure Investments Fund Quarterly Report View the reasons why item 32. is restricted
33.	LaSalle Leicestershire County Council Pension Fund Quarterly Report View the reasons why item 33. is restricted
34.	Savills Report and Valuation March 2025 View the reasons why item 34. is restricted
35.	LGPS Central Quarterly Reports View the reasons why item 35. is restricted
36.	M&G Investments Debt Opportunities Quarterly Report View the reasons why item 36. is restricted
37.	Partners Group Quarterly Reports View the reasons why item 37. is restricted
38.	Quinbrook Infrastructure Partners Net Zero Power Fund Quarterly Report View the reasons why item 38. is restricted
39.	Stafford Timberland Quarterly Report View the reasons why item 39. is restricted
	Protection
40.	Aegon Asset Management Quarterly Report View the reasons why item 40. is restricted