Meeting documents

SCC Pensions Committee
Friday, 20th March, 2020 10.00 am

Venue: Taunton Library, Paul Street, Taunton TA1 3XZ

Contact: Peter Stiles on 01823 357628 or Email: pstiles@somerset.gov.uk Michael Bryant on 01823 359048 or Email: mbryant@somerset.gov.uk

Items
No.	Item
1.	Apologies for absence
	* Public Guidance notes contained in agenda annexe * PDF 35 KB
2.	Declarations of Interest Details of all Members’ interests in District, Town and Parish Councils will be displayed in the meeting room. The Statutory Register of Member’s Interests can be inspected via the Democratic Service Team.
3.	Minutes from the previous meeting The Committee is asked to confirm the minutes are accurate. Additional documents: DRAFT 13 December 2019 , item 3. PDF 109 KB
4.	Public Question Time The Chair will allow members of the public to present a petition on any matter within the Committee’s remit. Questions or statements about any matter on the agenda for this meeting will be taken at the time when each matter is considered.
5.	LGPS Pooling of Investments PDF 38 KB To consider this report from the Funds & Investments Manager.
6.	Imdependent Investment Advisor's Report To receive a verbal update on developments in financial markets.
7.	Analysis of Investment Performance PDF 28 KB To consider this report from the Funds & Investments Manager. Additional documents: Report Item 7 Appendix A - Performance March 2020 , item 7. PDF 166 KB
8.	Review of Administration Performance PDF 138 KB To consider this report from the Head of Peninsula Pensions.
9.	Business Plan Update PDF 33 KB To consider this report from the Funds & Investments Manager. Additional documents: Report Item 9 Appendix A - Committee Business Plan March 2020 , item 9. PDF 50 KB Report Item 9 Appendix B - Meeting Plan March 2020 , item 9. PDF 70 KB
10.	Financial Forecast and Membership Statistics Update PDF 75 KB To consider this report from the Funds & Investments manager. Additional documents: Report Item 10 Appendix A - Financial outturn March 2020 , item 10. PDF 41 KB
11.	Review of Pension Fund Risk Register PDF 33 KB To consider this report from the Funds & Investments Manager.
12.	Administration Strategy PDF 41 KB To consider a new Administration Strategy for adoption by the Committee. Additional documents: Report Item 12 Appendix 1 - Pension Administration Strategy (final) - Somerset , item 12. PDF 414 KB
13.	Funding Strategy Statement PDF 32 KB To consider a new Funding Strategy Statement for adoption by the Committee. Additional documents: Report Item 13 Appendix A - Funding Strategy March 2020 , item 13. PDF 328 KB
14.	Resources Review, Financial Forecast Setting and Committee Objective Setting PDF 47 KB To consider this report from the Funds & Investments Manager. Appendix To Follow.
15.	Cash Management Strategy PDF 72 KB To consider this report from the Funds & Investments Manager. Additional documents: Report Item 15 Appendix A - Cash Strategy March 2020 , item 15. PDF 29 KB Report Item 15 Appendix B - cash counterparty policy March 2020 , item 15. PDF 83 KB
16.	Exclusion of the Press and Public To consider passing a resolution under Section 12A of the Local Government Act, 1972 that the press and public be excluded from the remainder of the meeting on the basis that if they were present during the business to be transacted there would be a likelihood of disclosure to them of exempt information of the following description: The amount of any expenditure proposed to be incurred by the authority under any particular contract for the acquisition of property or the supply of goods or services.
17.	Review of Transitions to Brunel To consider this report from the Funds & Investments Manager.
18.	Any other urgent items of business The Chair may raise any items of urgent business.