Agenda

To agree the minutes from the Pension Policy & Investment Committee meeting held on 17 January 2024.

To receive a verbal update from the Chair.

To agree the investment Strategy Statement for the London Borough of Enfield Pension Fund.

To introduce and note the report from the London Borough of Enfield Pension Fund’s investment advisor, detailing the impact of the UK spring budget on Local Government Pension Schemes (LGPS).

To note an update on the Enfield Pension Fund investments and their performance as at 31 December 2023; and  a paper from the Fund’s Investment advisors presenting a market update and investment outlook.

These items will contain exempt information as defined in Paragraph 3 (information relating to the financial or business affairs of any particular person – including the authority holding that information) of Schedule 12A 3 to the Local Government Act 1972, as amended.

To note the report updating members of the Pension Fund exposure to fossil fuels as of 31 December 2023.

These items will contain exempt information as defined in Paragraph 3 (information relating to the financial or business affairs of any particular person – including the authority holding that information) of Schedule 12A 3 to the Local Government Act 1972, as amended.

PPIC are recommended to note the contents of this report and the attached appendices which give details on the LAPFF company engagements for the quarter and the draft plan for 2024/25.

These items will contain exempt information as defined in Paragraph 3 (information relating to the financial or business affairs of any particular person – including the authority holding that information) of Schedule 12A 3 to the Local Government Act 1972, as amended.

This will be a verbal update.

To note that future meetings of the Pension Policy & Investment Committee will be confirmed at the Annual Council meeting on Wednesday 15 May 2024.

To consider passing a resolution under Section 100(A) of the Local Government Act 1972 excluding the press and public from the meeting for the items of business listed on part 2 of the agenda on the grounds that they involve the likely disclosure of exempt information as defined in those paragraphs of Part 1 of Schedule 12A to the Act (as amended by the Local Government (Access to Information) (Variation) Order 2006). (Members are asked to refer to the part 2 agenda.)

AGENDA – PART 2

Item 7 above refers.

Item 8 above refers.

Item 9 above refers.