Agenda

Pensions Committee
Wednesday, 30th September, 2020 10.00 am

Venue: Online Meeting

Contact: Kirsty Tuffin  Tel:01902 552873 or Email: kirsty.tuffin@wolverhampton.gov.uk

Note: Please note this meeting will be conducted in line with the The Local Authorities and Police and Crime Panels (Coronavirus) (Flexibility of Local Authority and Police and Crime Panel Meetings) (England and Wales) Regulations 2020 

Items
No. Item

1.

Apologies for absence (if any)

2.

Declarations of interests (if any)

3.

Minutes of the Previous Meeting pdf icon PDF 343 KB

 [For approval]

 

 

4.

Matters arising

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

5.

Annual Report and Accounts 2019-2020 pdf icon PDF 277 KB

[To receive an update on the Fund’s Audit and seek the Committee’s approval of the draft annual report for the year ending 31 March 2020, ahead of publication on the Fund’s website – Appendix A to follow].

6.

Budget Monitoring 2020/2021 and Quarterly Accounts June 2020 pdf icon PDF 270 KB

[To receive an update on the forecast out-turn against operating budget for 2020/21 and the quarterly accounts to 30 June 2020].

Additional documents:

7.

Quarterly Investment Report to 30 June 2020 pdf icon PDF 694 KB

[To consider a range of investment issues, primarily the market and investment background and the performance of the West Midlands Pension Fund].

Additional documents:

8.

Responsible Investment Activities pdf icon PDF 398 KB

[To receive an update on the work undertaken in relation to responsible investment activities since the Pensions Committee meeting in June 2020].

Additional documents:

9.

Governance and Assurance pdf icon PDF 298 KB

[To receive an update on the work of the Fund to deliver a well governed scheme].

Additional documents:

10.

Amended Internal Audit Plan 2020 - 2021 pdf icon PDF 132 KB

[To receive the revised work programme for internal audit for 2020 – 2021].

Additional documents:

11.

Pensions Administration Report to 30 June 2020 pdf icon PDF 882 KB

[To receive an update on the routine operational work undertaken by the pensions administration service areas during the period 1 April to 30 June 2020

Additional documents:

12.

Customer Engagement Update pdf icon PDF 313 KB

[To receive an update of the Fund’s customer engagement activity from 1 April 2020 to 30 June 2020 and future planned customer engagement activity in the context of the Fund’s Customer Engagement Strategy].

Additional documents:

13.

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

14.

Response to Covid-19

[To receive an overview of the Fund’s response to the current global pandemic and the steps being taken to mitigate service delivery impact].

Additional documents:

15.

Employer Covenant Monitoring

[To receive an update on the review of the in-house monitoring framework and the individual cases arising from the ongoing monitoring process].

Additional documents:

16.

Procurement Programme

[To be informed of the upcoming programme of work to procure key systems and professional services/advisors].

17.

McCloud

[To recieve the proposed remedy to benefits members have built up with the Local Government Pension Scheme (LGPS) following the McCloud ruling].

18.

Investment Strategy and Activity Update

[To receive an update on investment strategy and activity in the WMPF and Admitted Body Sub Funds over the quarter].

 

19.

LGPS Central pool - Shareholder update and report to MHCLG

[To receive an overview of LGPS Central pooling progress reported to MHCLG].

Additional documents:

20.

LGPS Central Ltd Update

[To receive an update on the development of the Company and investment products and support services provided to the West Midlands Pension Fund by LGPS Central Limited].

Additional documents: