Agenda

Pensions Committee - Wednesday, 15th December, 2021 10.00 am

Venue: Council Chamber - Civic Centre, St Peter's Square, Wolverhampton WV1 1SH

Contact: Fabrica Hastings  Tel:01902 552699 or Email: Fabrica.Hastings2@wolverhampton.gov.uk

Media

Items
No. Item

1.

Apologies for absence (if any)

Additional documents:

2.

Declarations of interests (if any)

Additional documents:

3.

Minutes of the previous meeting pdf icon PDF 335 KB

[For approval]

Additional documents:

4.

Matters arising

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

Additional documents:

5.

Governance and Assurance pdf icon PDF 254 KB

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

 

Additional documents:

6.

Responsible Investment Activities pdf icon PDF 336 KB

[To update the Pensions Committee on the work undertaken in relation to responsible investment activities since the last Pensions Committee meeting.]

 

Additional documents:

7.

Pensions Administration Report to 30 September 2021 pdf icon PDF 820 KB

[To inform Committee of the routine operational work undertaken by the pensions administration service areas during the period 1 July to 30 September 2021.]

Additional documents:

8.

Customer Engagement Update pdf icon PDF 310 KB

[To provide Committee with an update of the Fund’s customer engagement activity from 1 July 2021 to 30 September 2021 and to cover future planned customer engagement activity in the context of the Fund’s Customer Engagement Strategy.]

 

Additional documents:

9.

Annual Report and Accounts 2020-2021 pdf icon PDF 273 KB

[To update the Committee on the finalisation of the Statement of Accounts and the Annual Report for the year ending 31 March 2021 and the latter’s publication on the Fund’s website.]

Additional documents:

10.

Budget Monitoring and Quarterly Accounts 30 September 2021 pdf icon PDF 349 KB

[To update Pensions Committee on the forecast out-turn for the year against operating budget for 2021/22 and present the quarterly accounts to 30 September 2021.]

Additional documents:

11.

Quarterly Investment Report to 30 September 2021 pdf icon PDF 637 KB

[To cover the developments in investment markets, asset allocation and investment performance over the latest quarter in relation to the West Midlands Pension Fund (Main Fund and Admitted Body Sub Funds). Supporting responsible investment activities are covered in a separate paper.]

Additional documents:

12.

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 falling within paragraph 3 of Schedule 12A to the Act.]

 

Additional documents:

PART 2 - EXEMPT ITEMS, CLOSED TO PRESS AND PUBLIC

Additional documents:

13.

Investment Strategy and Activity Update

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

Additional documents:

14.

LGPS Central Pooling and Shareholder Update

[To provide an overview of LGPS Central Pooling progress reported to DLUHC (formally MHCLG) and updates the Committee on the work underway to inform the future development of the pool.]

Additional documents:

15.

2022 Actuarial Valuation

[To provide the Committee with an overview of the 2022 actuarial valuation process, deliverables and context in preparation for the review of funding strategy and employer contribution rates.]

Additional documents:

16.

Procurement Update

[To update Committee of the programme of work to procure key systems and professional services / advisors to the Fund.]

Additional documents: