Agenda

Pension Policy & Investment Committee - Wednesday, 23rd November, 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 APOLOGIES

2.

DECLARATIONS OF INTEREST

Members are asked to declare any disclosable pecuniary, other pecuniary or

non-pecuniary interests relating to items on the agenda

3.

MINUTES OF PREVIOUS MEETING pdf icon PDF 139 KB

To agree the minutes of the previous meeting.

4.

Chairs Update

To receive a verbal update from the Chair

5.

REPORTS AND RECOMMENDATIONS FROM PPIC SUB GROUP - PART 2 pdf icon PDF 371 KB

Pension Policy and Investment Committee is recommended to:

a)    note the contents of this report and Aon’s report on Hedge Fund redemption and surplus cash, appended as confidential appendix 1;

b)    note, consider and approve the Fund rebalancing proposal as prepared in appendix 1 of this report;

c)    consider and comment on the meeting notes of the PPIC subgroup of 14th October 2022 and LCIV Renewable Infrastructure Fund presentation to the PPIC subgroup (appended as appendix 3b) at their meeting of 9th November 2022 appended as confidential appendix 3c to this report; and

d)    decide on a way forward to commence the investment of 10% allocation to infrastructure funds, pursuing appropriate strategy in line with the Fund commitment of making positive contribution to the transition to a low carbon economy, through investment in renewable infrastructure and any other suitable asset classes.

 

Additional documents:

6.

Risks within the Enfield Pension Fund's Investments plus Aon's View on the Strategy and Asset Allocation - PART 2 pdf icon PDF 156 KB

Pension Policy and Investment Committee are recommended to note the contents of Aon’s reports set as Appendix 1 to this report.

 

Additional documents:

7.

ECONOMIC, MARKET AND INVESTMENT OUTLOOK - PART 2 pdf icon PDF 153 KB

Pension Policy and Investment Committee are recommended to note the contents of Aon’s reports set as Appendix 1 to this report.

 

Additional documents:

8.

Enfield Pension Fund Investments & Asset Managers Dashboard for September 2022 - PART 2 pdf icon PDF 155 KB

Pension Policy and Investment Committee are recommended to note the contents of Aon’s reports set as Appendix 1 to this report.

 

Additional documents:

9.

QUARTERLY INVESTMENT PERFORMANCE MONITORING REPORT pdf icon PDF 391 KB

Pension Policy and Investment Committee are recommended to note the contents of this report.

 

Additional documents:

10.

London Collective Investment Vehicle (CIV) Quarterly Update as of September 2022 pdf icon PDF 200 KB

The Committee are recommended to note the content of this report

Additional documents:

11.

Enfield Pension Fund Fossil Fuel Exposure Report as of 30 September 2022 pdf icon PDF 238 KB

Pension Policy and Investment Committee are recommended to notethe contents of this report and the attached Appendix 1.

 

Additional documents:

12.

Minutes of Pension Board Meeting of 15 September 2022 pdf icon PDF 87 KB

To note the minutes of the last Local Pension Board meeting held on 15 September 2022.

13.

DLUHC’s Consultation “Local Government Pension Scheme (England and Wales): Governance and reporting of climate change risks" pdf icon PDF 192 KB

The Pension Policy and Investment Committee are recommended:

i)          to note the contents of this report.

ii)         to note the response from London CIV attached as Appendix 1, and LAPFF as Appendix 2; and

iii)        to note, consider and comment on Enfield Pension Fund response attached as Appendix 3.

Additional documents: