Agenda and minutes

Venue: Hendon Town Hall, The Burroughs, NW4 4BG

Contact: Maria Lugangira 020 8359 2761  Email: maria.lugangira@barnet.gov.uk

Items
No. Item

1.

Minutes

Minutes:

RESOLVED - That the minutes of the meeting held on 18 March 2014 be approved as a correct record.

2.

Absence of Members

Minutes:

Apologies for absence were received from Councillor Dean Cohen.

3.

Disclosable Pecuniary interests and Non Pecuniary interests

Minutes:

Councillor

 Interest

Interest

Peter Zinkin

6 - Barnet Council Pension Fund Performance

for Quarter January to March 2014

Non Disclosable Pecuniary interest as Councillor Zinkin may have small shareholdings in a number of companies that the fund has investments in.

Mark Shooter

Non Disclosable Pecuniary interest as Councillor Shooter may have small shareholdings in a number of companies that the fund has investments in.

Andreas Ioannidis

Non Pecuniary interest as a member of the Local Government Pension Fund Scheme

John Marshall

 

 

Non Disclosable Pecuniary interest as Councillor Marshall may have small shareholdings in a number of companies that the fund has investments in.

 

 

 

4.

Public Question and Comments (if any)

Minutes:

There were none.

 

5.

Members' Items (if any)

Minutes:

There were none.

 

6.

Barnet Council Pension Fund Performance for Quarter January to March 2014 pdf icon PDF 131 KB

Additional documents:

Minutes:

The Head of Treasury Services introduced the report.

 

RESOLVED –

 

The Committee was addressed by representatives of the one of the fund management companies, Schroders Investment Management Limited. The Committee questioned the fund managers on their presentations, their performance for the quarter January 2014 to March 2014 and their plans for the coming months.

 

RESOLVED - That the Committee note the performance of the Pension Fund for the quarter January 2014 to March 2014

 

7.

Pension Fund Annual Report and External Auditor’s Report under International Standard on Auditing (ISA) 260 for the year 2013/14 pdf icon PDF 125 KB

Additional documents:

Minutes:

RESOLVED –

 

1.      That the Committee notes the audit approach set out in Annex 1 to the report.

 

2.      That the Committee approve the Annual Report 2013/14.

 

3.      That the Committee notes the matters raised by the external auditor relating to detailed aspects of the 2013/14 accounts audit, including the pension fund accounts and officers responses to matters raised.

 

4.   That the Committee consider whether there are any areas on which they require additional information or action.

 

8.

Statement of Investment Principles pdf icon PDF 117 KB

Additional documents:

Minutes:

 

RESOLVED –

 

That the Committee approve the updated Statement of Investment Principles.

9.

Update on Admitted Body Organisations pdf icon PDF 158 KB

Additional documents:

  • Document To Follow

Minutes:

 

 

RESOLVED –

 

1.         That the Committee note the update to the issues in respect of admitted body organisations within the Pension Fund, as detailed in Appendix 1 of the report.

 

2.         That the Committee approve, Ridgecrest Cleaning becoming an admitted body.

10.

Report of the Monitoring Officer (if any)

Minutes:

There were none.

 

11.

Any item(s) that the Chairman decides is urgent

Minutes:

There were none.