Agenda and minutes

Apologies were received from Mrs C Lewis-Smith.

The Chairman read a statement from Brunel regarding the ongoing situation in Russia and the Ukraine. A copy of the statement would be appended to these minutes.

There were none.

To agree the minutes of the Pension Fund Committee meeting held 18 November 2021.

The following updates on actions from the previous meeting were discussed:

• The Additional Voluntary Contributions scheme (AVC) had now been approved and would be available as an option to employees as of the new financial year.
• The signing of the 2019/20 Buckinghamshire Council accounts, and therefore the Pension Fund accounts, had been further delayed. There was no further action needed by this Committee.  ACTION Ms Edwards would update this Committee once accounts had been signed.

RESOLVED

Members of the Committee AGREED the minutes of the meeting held 18 November 21 as an accurate record.

To note the minutes of the Pension Fund Board meeting held 15 December 2021.

RESOLVED

Members of the Committee NOTED the minutes of the meeting held 15 December 2021.

To be presented by Claire Lewis-Smith, Pensions Administration Manager.

Cllr P Marland joined the meeting.

Mr M Preston, Head of Projects & Pensions, gave an overview of the report circulated with the agenda.

Regulation 55 of the LGPS Regulations 2013 requires an administering authority to prepare a Governance Compliance Statement and to keep the statement under review. The Governance Compliance Statement, reviewed annually, was approved on 25 February 2021 and there are no material changes to the statement other than dates.

RESOLVED

The Committee APPROVED the Governance Compliance Statement.

To be presented by Claire Lewis-Smith, Pensions Administration Manager.

M Preston gave an overview of the report circulated with the agenda.

RESOLVED

The Committee APPROVED the Admission Agreements Pass Through Arrangements as recommended.

To be presented by Julie Edwards, Head of Pensions, Buckinghamshire Council.

Mrs J Edwards, Pensions and Investment Manager, gave an overview of the report circulated with the agenda.

RESOLVED

The Committee NOTED the Pension Fund treasury management service level agreement.

To be presented by Julie Edwards, Head of Pensions, Buckinghamshire Council.

J Edwards, Head of Pensions, gave an overview of the report circulated with the agenda.

RESOLVED

The Committee NOTED the Pension Fund treasury management service level agreement.

To be presented by Julie Edwards, Head of Pensions, Buckinghamshire Council.

RESOLVED

The Committee NOTED the Forward Plan.

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)

RESOLVED

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).

To agree the confidential minutes of the meeting held 18 November 2021.

Restricted.

To note the confidential minutes of the last Pension Fund Board meeting held 15 December 2021.

Restricted.

To be presented by Julie Edwards, Head of Pensions, Buckinghamshire Council.

Restricted.

To be presented by Julie Edwards, Head of Pensions, Buckinghamshire Council.

Restricted.

To be presented by representatives from Mercer.

Restricted.

7 July 2022, 2pm

7 July 2022, 2pm