Agenda and decisions

RESOLVED:

That the report and presentation from LGPS Central be noted.

RESOLVED:

That the Responsible Investment Update report be noted.

RESOLVED:

That the report on Cash Management Policy and Forecast be noted.

RESOLVED:

a)    That the report on the Valuation of Pension Fund Investments be noted.

b)    That information on the durations of UK bonds be circulated to Members.

RESOLVED:

a)    That the Fit for the Future update report be noted.

b)    That the Committee approved that the Director of Corporate Resources, in consultation with the Chairman of the Local Pension Committee, be authorised to make the final appointment decision of Independent Person, having taken into account any views expressed by Committee Members.

c)     That communication be circulated to Members of the Local Pension Committee, to introduce them to prospective Independent Person applicants in advance of formal appointment.

RESOLVED:

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

b)    That the updated Pension Fund risk register be approved.

RESOLVED:

a)    That the revised Terms of Reference be agreed.

b)    That the Director of Corporate Resources and Deputy Chief Executive & s.151 officer, be appointed as the Fund’s Shareholder Representative for LGPS Central Ltd.

c)     That the Assistant Director Finance, Strategic Property and Commissioning be appointed as the Fund’s Deputy Shareholder Representative for LGPS Central Ltd, to act where the Shareholder Representative is unavailable.

d)    That the Shareholder Representative may authorise other officers to substitute for them and perform their designated duties, as set out in this paragraph, on their behalf, in their absence and in the absence of the appointed Deputy Shareholder Representative.

e)    That the Shareholder Representative (and Deputy, or substitute when acting) be authorised to exercise the Administering Authority’s shareholder/company decision-making in relation to LGPS Central Ltd, including (where required) voting at general meetings, signing shareholder resolutions and completing proxy forms, within the scope of the Council’s constitution and any relevant scheme of delegation.

f)      That the Shareholder Representative will report back to the Local Pension Committee as appropriate on shareholder/company matters, including decisions taken.

The date of the next meeting is scheduled for 11 September 2026 at 10.00am.

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).