Agenda not available for this meeting.

• 01

  Apologies for Absence

  

  To receive any apologies for absence from any members of the Committee.

   

• 02

  Minutes of the Previous Meeting

  

  To approve the minutes of the meeting held on Tuesday, 19 March 2024 as an accurate record.

  Printed minutes 19032024 1000 Pension Committee

• 03

  Disclosure of Interests

  

  Members are invited to declare any disclosable pecuniary interests

  (DPIs) and other registrable and non-registrable interests they may have

  in relation to any item(s) of business on today’s agenda.

• 04

  Urgent Business (if any)

  

  To receive notice of any business not on the agenda which in the opinion of the Chair, by reason of special circumstances, be considered as a matter of urgency.

   

• 05

  London CIV Update

  

  This report summarises the background to pooling and the Fund’s response to various issues arising therefrom. It also includes and introduces a presentation to be made by the London Collective Investment Vehicle (the London CIV) as a briefing for London local authority elected members on the ongoing development of the London CIV.

  Report 1 London CIV Pooling Update Jun 24 final

  Report 1 Appendix A London CIV Briefing Report - March 2024

• 06

  Medium Term Business Plan 2024-27

  

  This report presents to the Committee a draft Business Plan for the Fund for financial years 2024/25 to 2026/27 attached as Appendix A. It invites their comments and requests their agreement to the Plan.

  Report 2 Business Plan June final

  Report 2 Appendix A Business Plan 202427 Appendix FINAL

• 07

  Pension Administration Update

  

  The report sets out the Key Performance Indictors, measured against the legal requirements for the administration of the Local Government Pension Scheme for the three-month period up to the end of April 2024.

   

  Report 3 Pension Administration Update

  Report 3 Appendix A Croydon Pensions Admin Team Performance Report June 2024

• 08

  Breaches of the Law Report

  

  This report presents the current Breaches of the Law log (in Appendix A) for the Pension Fund and highlights any changes made since the last review carried out at the Pension Committee meeting held on 19 March 2024.

  Report 4 Breaches Report

  Report 4 Appendix A breaches log Jun 24

• 09

  Risk Register

  

  This report presents the current Risk Register (in Appendix A) for the Pension Fund and highlights any changes made since the last review carried out at the Pension Committee meeting held on 19 March 2024.

  Report 5 Risk Register June 2024

  Report 5 Appendx A Risk Register June 2024

• 10

  Training Update

  

  This report shows a record of training undertaken by the Pension Committee members in Year 2023/24 to 31 March 2024. The report includes a log of training undertaken attached to the report as Appendix A and a log of training completed accessed through the Hymans Robertson training portal to 30 April 2024 attached to this report as Appendix B.

  Report 6 Training Update june 24

  Report 6 Appendix A Pension Committee Training Log to 31 March 24 pdf

  Report 6 Appendix B Hymans On line training to 30 Apr 24

• 11

  Published Fund Documents

  

  This report presents the current list of documents published on the Fund website as at 30 April 2024 included in the attached Schedule A in accordance with Aon’s recommendation in their governance reviews.

  Report 7 Documents published on the Fund Website

• 12

  Scheme Advisory Board and Pensions Regulator updates

  

  This report advises the Committee of the matters currently being considered by the Local Government Pension Scheme Advisory Board and The Pensions Regulator which are relevant to the Fund. Any implications for the Fund have been noted and are being addressed in consultation with Fund advisers.

  Report 8 SAB and TPR update March 2024

• 13

  Quarterly Investment Monitoring Report

  

  The report updates Pension Committee on the Fund’s Investments and current Funding position for the quarter to 31 March 2024.

   

  The report provides an update on the Fund’s performance for the quarter to 31 March 2024.  The report falls into four parts.  Section 1 addresses performance against strategic goals.  Section 2 considers the asset allocation strategy and how that is being applied, specifically current and planned investments.  Section 3 deals with risk management and section 4 summarises updates from any recent investment manager meetings.

  Report 9 Part A Progress Report 31.03.24

  Report 9 Appendix A LBC Pension Fund - Funding update at 31 Mar 2024

• 14

  Exclusion of the Press and Public

  

  The following motion is to be moved and seconded where it is proposed to exclude the press and public from the remainder of a meeting:

   

  “That, under Section 100A(4) of the Local Government Act, 1972, the press and public be excluded from the meeting for the following items of business on the grounds that it involves the likely disclosure of exempt information falling within those paragraphs indicated in Part 1 of Schedule 12A of the Local Government Act 1972, as amended.”

   

• 15

  Part B - Quarterly Investment Monitoring Report

  

  That, under Section 100A(4) of the Local Government Act, 1972, the

  press and public be excluded from the meeting for the following items of

  business on the grounds that it involves the likely disclosure of exempt

  information falling within those paragraphs indicated in Part 1 of

  Schedule 12A of the Local Government Act 1972, as amended.

  Report 10 Progress Report Part B

  Report 10 Appendix A London Borough of Croydon Pension Fund performance report to 31 March 2024

  Report 10 Appendix B Market Background and Outlook report to 31 March 2024

• 16

  Part B - Corporate Bond Transfer to London CIV

  

  That, under Section 100A(4) of the Local Government Act, 1972, the

  press and public be excluded from the meeting for the following items of

  business on the grounds that it involves the likely disclosure of exempt

  information falling within those paragraphs indicated in Part 1 of

  Schedule 12A of the Local Government Act 1972, as amended.

  Report 11 Corporate Bond Transfer to London CIV Part B

  Report 11 Appendix A LBoC - Corporate Bond Transfer to LCIV (Final)

  Report 11 Appendix B Insight Global BM_RR_Final pdf

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