Decision details

Creation of an Asset and Liability Management Partnership with the London Pension Fund Authority

Decision status: Recommendations Approved

Is Key decision?: No

Decisions:

(Exempt information as defined in Paragraph 3 of Part 1 of Schedule 12A to 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 Committee considered a further report on the positive progress of discussions with the London Pensions Fund Authority (LPFA) on the creation of an Asset and Liability Management Partnership in furtherance of the Committee's support for increased collaboration between LGPS Funds.

 

A high level business case for the LCPF/LPFA Asset and Liability Management was presented at annex 3 to the report. The Committee was asked to note the benefits set out in the business case.

 

Committee members were encouraged to attend the workshops run by the Director of the Pension Fund in advance of the special meeting of the Committee on 2 July which would give further consideration to the proposals.

 

Resolved: - That:

 

(i)  The content of the report, now presented, and progress made in discussions with the LPFA be noted;

(ii)  The minutes of the Joint Member Working Group be noted;

(iii)  The Sovereignty Agreement be approved;

(iv)  The business case be noted.

Date of decision: 05/06/2015

Decided at meeting: 05/06/2015 - Pension Fund Committee

Accompanying Documents: