Agenda

Venue: Committee Room 3 - 3rd Floor - Civic Centre. View directions

Contact: Dereck Francis  Tel:01902 555835 or Email: dereck.francis@wolverhampton.gov.uk

Items
No. Item

1.

Apologies for absence (if any)

2.

Notification of substitute members

3.

Declarations of interests (if any)

4.

Minutes of the previous meeting - pdf icon PDF 347 KB

[For approval]

5.

Matters arising

[To consider any matters arising from the minutes of the previous meeting.]

6.

Quarterly Investment Report to 30 September 2019 pdf icon PDF 536 KB

[To present the quarterly investment report.]

Additional documents:

7.

Responsible Investment pdf icon PDF 235 KB

[To provide an update in relation to the responsible investment activities.]

Additional documents:

8.

Legal and Compliance Update pdf icon PDF 205 KB

[To note the update on the Legal and Compliance work.]

Additional documents:

9.

Business Performance Update pdf icon PDF 222 KB

[To note the key performance indicators for the period up to September 2019 and receive an update on the Fund’s digital transformation programme.]

Additional documents:

10.

Budget Monitoring 2019-2020 and Quarterly Accounts September 2019 pdf icon PDF 222 KB

[To note the quarterly accounts update for the period ending 30 September 2019 and the forecast out-turn for the year as at September 2019.]  

Additional documents:

11.

Management of Overpayments and Member Tracing pdf icon PDF 328 KB

[To note the Fund’s process for managing overpayments of pension.]

12.

Pensions Administration Report from 1 July to 30 September 2019 pdf icon PDF 470 KB

[To note the pensions administration activity for both West Midlands Pension Fund and the West Midlands Integrated Transport Authority Fund.]

Additional documents:

13.

Data Management pdf icon PDF 170 KB

[To note the work of the Fund in delivering its Data Management Strategy and the steps to monitor data quality across the Fund.]

14.

Customer Engagement Update pdf icon PDF 246 KB

[To note the engagement activity and informed service development.]

Additional documents:

15.

Pension Investment and Administration Benchmarking pdf icon PDF 192 KB

[To note the outcome of the benchmarking exercises for both Fund’s investment and Pension Administrative Services.]

16.

Fund Merger pdf icon PDF 191 KB

[To note the outcome of the public consultation on the West Midlands Fund Merger with associated regulations effective form 8 November 2019 and the programme activity underway to effect Merger and meet the requirements of the Direction.]

Additional documents:

17.

Exclusion of press and public

[To pass the following resolution:

 

That in accordance with Section 100A(4) of the Local Government Act 1972 the press and public be excluded from the meeting for the following items of business as they involve the likely disclosure of exempt information on the grounds shown below]

Part 2 - exempt items, closed to press and public

18.

2019 Valuation Update

[To note the progress with the 2019 actuarial valuation of both the West Midlands Pension Fund and the employers of the former West Midlands Integrated Transport Authority Pension Fund.]

19.

Investment Strategy and Activity Update

[To note the update on the investment strategies for the main pension fund and the West Midlands Integrated Transport Authority Pension Fund.]

20.

LGPS Central Shareholder Update

[To note the work ongoing to review the 2020-2021 Strategic Business Plan and Budget.]

21.

Guaranteed Minimum Pension Reconciliation

[To receive a report on the guaranteed minimum pension reconciliation.]