Decision details

(Exempt information as defined in Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972. It was considered that in all the circumstances of the case the public interest in maintaining the exemption outweighed the public interest in disclosing the information).

The Director of Strategic Programmes and Group Company Secretary from the Local Pensions Partnership presented a report on the investment and administration activity of the Partnership since the last meeting.

It was reported that the addition of a new client from the 1^st June 2018 would increase the total assets under management by Local Pensions Partnership which had now established 6 out of the 8 pooling vehicles.  The Committee noted that the Minister for Housing Communities and Local Government continued to support for the progress made in relation to pooling and the Chair suggested that the Chairman of the Local Pension Partnership be invited to attend a future meeting to discuss progress.

Resolved:

1.  That the updates on investment and administration activity of the Local Pensions Partnership since the last meeting, as set out in the report, are noted.

2.  That the Chairman of the Local Pensions Partnership Board be invited to attend a future meeting to discuss progress to date on pooling and future activity of the Partnership.