Agenda and minutes

Pension Fund Committee - Tuesday 13th September, 2016 7.00 pm

Venue: Hendon Town Hall, The Burroughs, London NW4 4AX

Contact: Salar Rida  Email: Salar.Rida@Barnet.gov.uk - 0208 359 7113

Items
No. Item

1.

Minutes pdf icon PDF 106 KB

Minutes:

The Chairman of the Pension Fund Committee, Councillor Mark Shooter welcomed all attendants to the meeting.

 

RESOLVED that the minutes of the Pension Fund Committee on 19 July 2016 be agreed as a correct record.

2.

Absence of Members

Minutes:

Apologies were received from Councillor Andreas Ioannidis and Councillor Peter Zinkin.

3.

Disclosable Pecuniary interests and Non Pecuniary interests

Minutes:

The following declarations were declared:

 

Member

Agenda Item(s)

Interests Declared

Councillor Mark Shooter

7 and 8

Non Disclosable Pecuniary Interest by virtue of being beneficiary of LGP Scheme and having shareholdings in a number of companies that the fund had invested in.

Councillor Arjun Mittra

Non Disclosable Pecuniary Interest by virtue of being beneficiary of LGP Scheme and having shareholdings in a number of companies that the fund had invested in.

Councillor John Marshall

Non Disclosable Pecuniary Interest by virtue of being beneficiary of LGP Scheme and having shareholdings in a number of companies that the fund had invested in.

Councillor Rohit Grover

Non Disclosable Pecuniary Interest by virtue of being beneficiary of LGP Scheme and having shareholdings in a number of companies that the fund had invested in.

 

4.

Public Question and Comments (if any)

Minutes:

None were received.

5.

Report of the Monitoring Officer (if any)

Minutes:

None.

6.

Members' Items (if any)

Minutes:

None.

7.

Pension Fund Annual Report and External Auditor's Report under International Standard on Auditing (ISA) 260 for the year 2015/16 pdf icon PDF 270 KB

Additional documents:

Minutes:

The Chairman welcomed the external auditor, Leigh Lloyd-Thomas of BDO. The Committee received a presentation on the Annual Report and Statement of Accounts and the external auditor’s Report under International Standard on Auditing (ISA) 260 for 2015/16.

 

The Committee noted the presentation and the information included in the report and appendices.

 

A request was made by the Committee to include an item on the Forward Work Programme for March 2017 about the effects Brexit has had on the performance of the Pension Fund. (Action)

 

It was RESOLVED:

 

1.    That the Committee approved the Annual Report and Pension Fund Accounts 2015/16.

2.    That the Committee considered and commented that there are no areas on which they require information or action.

 

8.

Update on Admitted Bodies Organisations pdf icon PDF 250 KB

Additional documents:

Minutes:

The Assistant Director of Finance, Gillian Clelland introduced the report which provides the Committee with an update since its last meeting on admitted bodies participating in the Local Government Pension Scheme administered by the London Borough of Barnet (LBOB).

 

RESOLVED:

 

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

 

 

9.

Any item(s) that the Chairman decides is urgent

Minutes:

There were none.