Meeting documents

SCC Pensions Committee
Friday, 1st July, 2022 10.00 am

Venue: Luttrell Room - County Hall, Taunton. View directions

Contact: Neil Milne on 01823 359045 or Email: ndmilne@somerset.gov.uk Terrie Brazier on 01823 357628 or Email: tbrazier@somerset.gov.uk

Items
No.	Item
	* Public Guidance notes contained in agenda annexe * PDF 38 KB
1.	Apologies for absence To receive apologies for absence.
2.	Declarations of Interest Details of all Members’ interests in District, Town and Parish Councils can be viewed on the Council Website at County Councillors membership of Town, City, Parish or District Councils and this will be displayed in the meeting room (Where relevant). The Statutory Register of Member’s Interests can be inspected via request to the Democratic Service Team.
3.	Minutes from the previous meeting PDF 98 KB The Committee is asked to confirm the minutes are accurate.
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.	Somerset Unitary To receive a verbal update from the Funds and Investment Manager on the implications of the Unitary process for the pension fund.
6.	LGPS Pooling of Investments PDF 36 KB To consider this report from the Funds and Investments Manager.
7.	Independent Investment Advisor's Report To receive a verbal update on developments in financial markets.
8.	Review of Investment Performance PDF 28 KB To consider this report from the Funds and Investments Manager. Additional documents: Report Item 8 Appendix A - Performance June 2022 , item 8. PDF 163 KB
9.	Review of Administration Performance PDF 125 KB To consider this report from the Head of Peninsula Pensions.
10.	Business Plan Update PDF 32 KB To consider this report from the Funds and Investment Manager. Additional documents: Report Item 10 Appendix A - Committee Business Plan June 2022 , item 10. PDF 48 KB Report Item 10 Appendix B - Meeting Plan June 2022 , item 10. PDF 68 KB
11.	Finance and Membership Statistics Update PDF 63 KB To consider this report from the Funds and Investments Manager. Additional documents: Report Item 11 Appendix A - 2021-22 outturn June 2022 , item 11. PDF 39 KB
12.	Review of Pension Fund Risk Register PDF 31 KB To consider this report from the Funds and Investments Manager. Additional documents: Report Item 12 Appendix A - Risk Register June 2022 , item 12. PDF 80 KB
13.	Policies and Statements PDF 66 KB To consider this report from the Funds and Investments Manager. Additional documents: Report Item 13 Annex 1 - Funding Strategy Statement , item 13. PDF 2 MB Report Item 13 Annex 2 - Investment Strategy Statement , item 13. PDF 179 KB Report Item 13 Annex 3 - Gov Compliance Statement , item 13. PDF 128 KB Report Item 13 Annex 4 - Scheme of delegation , item 13. PDF 37 KB Report Item 13 Annex 5 - Training policy , item 13. PDF 38 KB Report Item 13 Annex 6 - Communication policy , item 13. PDF 38 KB
14.	Knowledge and Skills To receive a verbal update on plans for undertaking an assessment of the Pension Committee’s and Pension Board’s knowledge and skills.
15.	Any other urgent items of business The Chair may raise any items of urgent business.