Sutton Council Pensions Board 25 June 2020

To approve as a correct record the minutes of the meetings held on 27 June 2019, 10 October 2019, and 12 December 2019

Additional documents:

• Minutes , 10/10/2019 Pension Board , item 4. PDF 65 KB
• Minutes , 27/06/2019 Pension Board , item 4. PDF 96 KB

The Pension Committee, at its meeting on 10 June 2020, will receive a pension administration update report. That report is presented to the Board for noting.

The Pension Committee at its meeting on 10 June 2020 received a report on the Responsible Investment policy and this report is circulated to the Board for reference.

The impact of the Covid-19 pandemic is being closely monitored by officers and by the Pensions Committee.

Pension Board and Committee members are required to have appropriate knowledge and skills to perform their roles, and to undertake training as necessary to maintain and develop those skills over time. The National LGPS Knowledge Assessment is being undertaken by most LGPS schemes, and will enable Sutton to benchmark itself against both the CIPFA Skills and Knowledge framework and against other authorities

The Scheme Advisory Board and Hymans Robertson working groups published the Phase II update of the Good Governance in the LGPS review in November 2019.  A further report is due to clarify how these proposals will be implemented in practice.

Additional documents:

• (9a) Good governance in the LGPS_ Phase II report from Working Groups to SAB pdf final , item 9. PDF 4 MB

The Board were due to consider the Pension Board Annual Report at their March 2020 meeting which was cancelled due to Covid-19. This report presents to the Board a draft of its Annual Report 2019-2020 for consideration.

Additional documents:

• (10a) SUBMITTED FINAL – Pension Board Annual Report 2019_20 – Appendix A , item 10. PDF 59 KB

The Pension Committee, at its meeting on 3 March, received a report on the Fund’s Business Plan from 2020 to 2023. The Board were due to review this at their March 2020 meeting which was cancelled due to Covid-19. This report presents to the Board the Fund’s Business Plan for 2020 to 2023.

Additional documents:

• (11a) SUBMITTED FINAL – Pension Fund Medium Term Business Plan 2020 – Appendix A , item 11. PDF 130 KB

This report summarises the proposed work programme for the Board for the 2020/21 financial year.

This report provides a summary of the current version of the Risk Register.

Additional documents:

• (13a) SUBMITTED FINAL – PB Jun 20 – Review of Risk Register – Appendix A , item 13. PDF 509 KB

The Pension Board Terms of Reference include a provision that the Terms of Reference be reviewed at least every two years.  The last review was in July 2018, so a further review is due.

Additional documents:

• (14a) SUBMITTED – FINAL – Updated Sutton Pension Board Terms of Reference (July 2018) – Appendix A , item 14. PDF 86 KB

To consider any items which, in the view of the Chair, should be dealt with as a matter of urgency because of special circumstances (in accordance with S100B(4) of the Local Government Act 1972).

The following motion should be moved, seconded and approved if the committee wishes to exclude the public and press to deal with reports revealing exempt information:

“That the public and press be excluded from the meeting for the following items of business on the grounds that they involve the likely disclosure of exempt information as defined in paragraph X Schedule 12A of the Local Government Act 1972.”