Agenda

[For approval]

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

[To provide Committee with an update on the work of the Fund in delivering against the goals and ambitions set out in the Corporate Plan 2023 - 2028.]

[To receive an overview of the proposed changes to, and approve, the Operating Budget for 2024/2025 and the 5-year financial plan for the period to 2028/2029.]

[To seek the Committee’s approval of the accounting policies to be used in preparing the Fund’s accounts for the 2023/2024 financial year.]

[To provide the Committee with the plan for the external audit of the Fund’s Annual Report and Accounts for 2023/24.]

[To provide the Committee with, and seek approval for, the outline of work programme for internal audit during 2024 – 2025.]

[To approve the Fund’s 2024 Responsible Investment Framework and provide an update on the work undertaken in relation to responsible investment activities.]

[To receive an update on 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).]

[To receive an update on the forecast out-turn against the operating budget and present the quarterly accounts to 31 December 2023.]

[To receive an update on the routine operational work undertaken by the pensions administration service areas during the period 1 October 2023 to 31 December 2023.]

[To receive an update of the Fund’s customer engagement activity.]

[To provide Committee with an update on the regulatory environment in which the Fund is operating and the work being undertaken to stay informed and prepared for change.]

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

[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.]

[To receive an update on Cyber Security and seek approval for the 2024/2025 Cyber Security Strategy.]

[To receive an update on the project managing the completion of development and improvement works following the transition of the pension administration system to the new provider.]

[To provide an update on staffing developments and requirements to support the Fund service delivery.]

[To receive an update on the developing funding position and key points of review within the Fund’s Termination policy.]

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

[To receive an update on matters considered and presented to Shareholders at the LGPS Central Limited General Meeting and on the Company and pool progress.]