Agenda and minutes
Venue: Paralympic Room, The Gateway, Aylesbury
Contact: Elly Cook / Clare Gray
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Apologies for Absence Minutes: Apologies were received from Cllrs Collingwood, Macpherson and Marland |
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Declarations of Interest Minutes: There were no declarations of interest. |
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Minutes of the last meeting PDF 151 KB To agree the minutes of the Pension Fund Committee held on 29 September 2022. Minutes: Resolved: That the Minutes of the Meeting of the Pension Fund Committee held on 29 September 2022 were agreed as a correct record. |
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Buckinghamshire Pension Fund Board Draft Minutes PDF 150 KB To note the draft minutes of the last Pension Fund Board meeting held 19 October 2022. Minutes: Copies of the Pension Fund Board minutes were circulated previously.
Resolved: That the Minutes of the Buckinghamshire Pension Fund Board meeting held on 19 October 2022 be noted. |
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Response to LGPS Governance and Reporting of Climate Risk Consultation PDF 130 KB To be presented by Julie Edwards, Head of Pensions, Buckinghamshire Council. Additional documents: Minutes: On 1st September 2022, the Department for Levelling Up, Housing and Communities (DLUHC) launched its consultation regarding governance and reporting of climate change risks. The consultation sought views on proposals to require Local Government Pension Scheme (LGPS) administering authorities in England and Wales to assess, manage and report on climate-related risks, in line with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD). A response was attached as Appendix 1 to the report.
The consultation sought views on policy proposals to require administering authorities of the LGPS to have effective governance, strategy, risk management and accompanying metrics and targets for the assessment and management of climate risks and opportunities. The full consultation could be found at: https://www.gov.uk/government/consultations/local-government-pension-schemeengland-and-wales-governance-and-reporting-of-climate-change-risks/localgovernment-pension-scheme-england-and-wales-governance-and-reporting-ofclimate-change-risks
During discussion the following points were noted:-
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To be presented by Julie Edwards, Head of Pensions, Buckinghamshire Council. Minutes: The Assistant Director of Finance reported that the external auditors would be attending the next meeting in March 2023. Work was ongoing on the Council’s accounts and it was noted that the Pension Fund accounts could not be fully reviewed until the Council accounts had been completed so that they could be signed off together.
RESOLVED that the Forward Plan be noted. |
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Exclusion of the Press and Public To resolve to exclude the press and public as the following item is exempt by virtue of Paragraph 3 of Part 1 of Schedule 12a of the Local Government Act 1972 because it contains information relating to the financial or business affairs of any particular person (including the authority holding that information) Minutes: RESOLVED That the press and public be excluded for the following items as they were exempt by virtue of Paragraph 3 of Part 1 of Schedule 12a of the Local Government Act 1972 because they contained information relating to the financial or business affairs of any particular person (including the authority holding that information). |
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Confidential minutes of the last meeting To agree the confidential minutes of the Pension Fund Committee held 29 September 2022.
Minutes: Resolved: That the confidential minutes of the Buckinghamshire Pension Fund Committee held on 29 September 2022, be approved as a correct record. |
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Buckinghamshire Pension Fund Board Confidential Draft Minutes To note the confidential draft minutes of the last Pension Fund Board meeting held 19 October 2022. Minutes: Copies of the Confidential Pension Fund Board minutes were circulated previously.
Resolved: That the Confidential Minutes of the Buckinghamshire Pension Fund Board meeting held on 19 October 2022 be noted. |
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Pension Fund Performance To be presented by Julie Edwards, Head of Pensions, Buckinghamshire Council. Minutes: RESOLVED that the investment performance of the Pension Fund for the third quarter of 2022, ending 30th September 2022 be noted. |
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Actuarial Valuation as at 31 March 2022 To be presented by representatives from Barnett-Waddingham. Minutes: RESOLVED that the actuarial valuation as at 31 March 2022 be noted.
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Date of the next meeting 21 March 2023 at 2pm |