Meeting documents

SCC Pensions Committee
Friday, 10th March, 2023 10.00 am

Venue: Luttrell Room - County Hall, Taunton

Contact: Neil Milne on 01823 357628 or Email: neil.milne@somerset.gov.uk or Sarah Wright on 01823 357628 or Email: sarah.wright@somerset.gov.uk

Items
No.	Item
	* Public Guidance notes contained in agenda annexe * PDF 35 KB
1.	Apologies for absence To receive apologises 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 on 16 December 2022 PDF 96 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 on implications of the Unitary process on the pension fund from the Funds & Investments Manager.
6.	Independent Investment Adviser's Report - To receive a verbal update on developments in financial markets.
7.	Review of Investment Performance PDF 29 KB - To consider this report from the Funds & Investments Manager. Additional documents: Appendix A Review of Investment Performance , item 7. PDF 167 KB
8.	Review of Administration Performance PDF 254 KB - To consider this report from the Head of Peninsula Pensions.
9.	Business Plan Update PDF 44 KB - To consider this report from the Funds & Investments Manager. Additional documents: Appendix A Committee Business Plan , item 9. PDF 50 KB Appendix B Meeting Workplan , item 9. PDF 63 KB
10.	Finance and Membership Statistics Update PDF 64 KB - To consider this report from the Funds & Investments Manager. Additional documents: Appendix A 2022-23 Q2 Outturn , item 10. PDF 39 KB
11.	Review of Pension Fund Risk Register PDF 42 KB - To consider this report from the Funds & Investments Manager. Additional documents: Appendix A Risk Register , item 11. PDF 60 KB
12.	Resources Review, Financial Forecast Setting and Committee Objective Setting PDF 58 KB - Report to follow. Additional documents: Appendix A - Financial Projection for 2023-24 , item 12. PDF 28 KB
13.	Cash Management Strategy PDF 83 KB - To consider this report from the Funds & Investments Manager. Additional documents: Appendix A Cash Strategy , item 13. PDF 37 KB Appendix B Cash Counterparty Policy , item 13. PDF 91 KB
14.	Knowledge and Skills - To receive a verbal update on plans for undertaking an assessment of the Committee and Board's knowledge and skills.
15.	Any other urgent items of business The Chair may raise any items of urgent business.