Agenda and minutes

Apologies for absence were submitted on behalf of Cllr Peter Bilson (Wolverhampton City Council) and Mr Martin Clift and Mr Ian Smith (Trade Union observers)

No notification of substitutes were received for the meeting.

No declarations of interests were made.

[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.]

Resolved:

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 item of business as it involve the likely disclosure of exempt information falling within the paragraph 3 of Schedule 12A of the Act

[To include the Committee in the evaluation process for the procurement of actuarial and benefit consultancy services received by the Fund]

Geik Drever, Strategic Director of Pensions reported that the purpose of the meeting was for the Committee to be involved in the final stage of the evaluation process for the procurement of actuarial and benefit consultancy services received by the Fund.

As part of the final stage of the evaluation process, the Committee received presentations from four actuarial and benefit consultancy firms. 

Resolved:

1.    That the tender evaluation process for the procurement of actuarial and benefit consultancy services be noted.

2.    That Barnett Waddington be appointed as the preferred actuarial and benefit consultancy provider in accordance with the formal evaluation process for a contract period 1 July 2015 to 31 December 2020.