Agenda

Pension Policy & Investment Committee - Thursday, 27th January, 2022 10.00 am

Venue: Conference Room, Civic Centre, Silver Street, Enfield, EN1 3XA. View directions

Contact: Bola Tobun - Finance Manager (Pensions and Treasury) - 020 8132 1588 - Email: bola.tobun@enfield.gov.uk 

Items
No. Item

1.

WELCOME AND INTRODUCTIONS

2.

DECLARATION OF INTERESTS

Members are asked to declare any disclosable pecuniary, other pecuniary or non-pecuniary interests relating to items on the agenda.

 

3.

MINUTES OF THE PREVIOUS MEETING 25 NOV 2021 pdf icon PDF 100 KB

To agree the minutes of the previous meeting

 

4.

PENSION BOARD UPDATE

To receive verbal update from Bola Tobun

5.

KEY DEVELOPMENTS ON INVESTMENTS & ASSET MANAGERS

To receive verbal update from Bola Tobun

6.

LOCAL GOVERNMENT PENSION SCHEME

To receive verbal update on LGPS from Bola Tobun

7.

DRAFT ENFIELD PENSION FUND BUSINESS PLAN and PPIC Work Plan for 2022/23 pdf icon PDF 239 KB

Pension Policy and Investments Committee are recommended to:

a)       note and approve the Business Plan attached as Appendix 1 to this report;

b)      note and approve the work plan for 2022/23 attached as Appendix 2; and

c)      To note Asset Managers Monthly Meeting Schedule at Appendix 3.

 

Additional documents:

8.

ENFIELD PENSION FUND CASHFLOW FORECAST 2022/23 to 2024/25 pdf icon PDF 187 KB

Pension Policy and Investments Committee are recommended to:

a)      note and approve the Revenue Budget for 2022/23 (Appendix 1); and

b)      note the cashflow forecast from operational activities for 2022/23 and 2023/24 attached as Appendix 1.

 

Additional documents:

9.

LONDON CIV - AMENDMENTS TO SHAREHOLDER AGREEMENT (SHA) AND ARTICLES OF ASSOCIATION (AA) (PART2)

Pension Policy and Investments Committee are recommended:

i)        To note the contents of this report;

ii)      To consider the changes proposed to the LCIV constitution; Shareholders Agreement and Article of Association (attached as exempt Appendix1);

iii)    To agree to the proposed changes and delegate the signing of the amended AA and SHA and consequential documents to the Executive Director of Resources in consultation with the Director of Law and Governance and

iv)    To agree to sign the Shareholders resolution (attached as Exempt Appendix 2).

 

Additional documents:

10.

PACMA INVESTMENT CONSULTANT STRATEGIC OBJECTIVES REVIEW- Aon (PART 2) pdf icon PDF 171 KB

Pension Policy and Investments Committee are recommended to

a)      To note the submission of the statement at Appendix 1 to the CMA in line with requirements;

b)      Note the strategic objectives approved March 2021 as set out in Appendix 2; and

c)      Note the assessment of the performance against the objectives approved March 2021 as set out in Appendix 3.

 

Additional documents:

11.

AGM –AGENDA PLANNING (Part 2)

12.

FURTHER DISCUSSION ON RESPONSIBLE INVESTMENT POLICY AND NET ZERO IMPLEMENTATION PLAN (Part 2)

13.

AOB