Agenda and decisions
PDF 269 KBVenue: Hackney Town Hall - Town Hall. View directions
Contact: Rabiya Khatun
| No. | Item |
|---|---|
|
Apologies For Absence |
|
|
Appointment of the Chair and Vice- Chair for the Municipal Year 2022/23 The committee is requested to note the confirmed appointments to the position of Chair – Cllr Adams and Vice Chair- Cllr Chapman of the Pensions Committee, as agreed by Full Council at its Annual Meeting on 25 May 2022. Decision: RESOLVED: To note the confirmed appointment to the position of Chair – Councillor Kam Adams and Vice-Chair - Councillor Robert Chapman for the Municipal Year 2022/23, as agreed by Full Council at its Annual Meeting on 25 May 2022. |
|
|
To note the Terms of Reference of the Pensions Committee. Decision: RESOLVED: To note the terms of reference of the Pensions Committee for the Municipal Year 2022/23.
|
|
|
Declarations of Interest - Members to declare as appropriate |
|
|
Consideration of The Minutes of The Previous Meeting Decision: RESOLVED: That the minutes of the Pensions Committee held on 10 March 2022 were approved as a correct record. |
|
|
Carbon Risk Audit 2022 - Full Results Carbon Risk Audit Additional documents:
Decision: RESOLVED: To note the reduction in exposure to future CO2 emissions by 96.9% since 2016, which significantly outperforms the Fund’s target of a 50% reduction. |
|
|
Responsible Investment - Next Steps Decision: RESOLVED to: 1. Note the timeline for the development of TCFD reporting and note the Fund’s involvement in setting up a London-wide working group 2. Note the suggestion to introduce a new carbon reporting target once the first assessment of the Fund’s portfolio under TCFD reporting is complete 3. Approve the proposals for the constitution of the Responsible Investment Working Group.
|
|
|
Quarterly Update Report Additional documents:
Decision: RESOLVED: That the contents of the report be noted. |
|
|
Equiniti - Third Party Administration Performance Update Decision: RESOLVED: That the contents of the report be noted. |
|
|
2022 Actuarial Valuation - Council Contribution Rate - TO FOLLOW Additional documents:
Decision: RESOLVED: To agree a contribution rate for Hackney Council of at least 27% of payroll for each of the 3 years covered by the 2022 valuation cycle (2023/24, 2024/25, 2025/26), noting that the planning assumption for Medium Term Financial Planning (MTFP) purposes will be 28% pending the finalisation of the revaluation process. |
|
|
Investment Strategy Review - Introduction Decision: RESOLVED: That the contents of the report be noted.
|
|
|
Reporting Breaches Procedure - Policy Review Additional documents: Decision: RESOLVED: To approve the updated Reporting Breaches Policy. |
|
|
Procurement and Contracts Update Decision: RESOLVED: That the contents of the report be noted.
|
|
|
Any Other Business Which in The Opinion Of The Chair Is Urgent |
|
|
Exclusion of The Press And Public Proposed resolution:
THAT the press and public be excluded from the proceedings of the Pensions Committee meeting during consideration of Exempt Item(s) on the agenda on the grounds that it is likely, in the view of the nature of the business to be transacted, that were members of the public to be present, there would be disclosure of exempt information as defined in Schedule 12A to the Local Government Act 1972 as amended. |
|
|
Consideration of the Exempt Minutes of the Previous Meeting Decision: RESOLVED: That the exempt minutes of the Pensions Committee held on 10 March 2022 were approved as a correct record.
|