Archived decisions
AT A MEETING of the PENSION FUND PANEL held at The Offices of SG Asset Management, 100 Ludgate Hill, London on 14 November 2002.
PRESENT:
Councillors: T.K. Thornber, CBE (Chairman); B.D. Dash; Mrs. S.M. Glasspool, DL; P.R.C. Hutcheson; D.A. Kirk; A.R. Ludlow; D. Wright.
Pensioners' representative: Mr E.W. Hughes.
Employees' representative: Mr D Offord.
Independent consultant: Mr. H. Cole
In the absence of the Chairman and Councillor Mrs. S.M. Glasspool, DL, who had agreed to take the Chair until the arrival of the Chairman, the Panel resolved that Councillor D.A. Kirk be appointed Chairman..
33. DECLARATIONS OF INTEREST
No declarations of interest were received.
34. CHAIRMAN'S COMMUNICATIONS
No Chairman's communications were received.
35. DEPUTATIONS
No deputations were received.
36. EXCLUSION OF PRESS AND PUBLIC
RESOLVED:
That, by virtue of paragraphs 7 and 12 of Part 1 of Schedule 12A of the Local Government Act 1972, the press and public be excluded from the meeting.
37. MINUTES
The Minutes of the meeting held on 10 July 2002 were confirmed as a correct record and signed by the Chairman.
At the start of the meeting Councillor D.A. Kirk took the Chair followed by Councillor Mrs. S.M. Glasspool, DL.
On the arrival of Councillor Mrs S.M. Glasspool, DL, the Panel resolved that Councillor Mrs. S.M. Glasspool, DL be appointed Chairman.
33. FUND MANAGERS - CHANGES OF PERSONNEL AND OTHER MATTERS
The Panel considered a confidential report of the County Treasurer (Item 6 in the Minute Book) summarising recent changes in personnel and other matters relating to Fund Managers.
[SUMMARY OF A MINUTE WHICH CONTAINS CONFIDENTIAL INFORMATION]
34. MANAGERS INVESTMENT POLICIES AND PERFORMANCE
The Panel received and noted a confidential report of the County Treasurer (Item 7 in the Minute Book) summarising the Managers' portfolios on 30 September 2002 and their performance returns to 30 June 2002 and 30 September 2002.
[SUMMARY OF A MINUTE WHICH CONTAINS CONFIDENTIAL INFORMATION]
35. PROPERTY UPDATE
The Panel considered a confidential report of the County Treasurer (Item 8 in the Minute Book) on developments regarding the Fund's property portfolio. The Panel also received presentations from the Fund's Managers and discussed with them their actions and results and the prospects for the future.
[SUMMARY OF A MINUTE WHICH CONTAINS CONFIDENTIAL INFORMATION]
36. PROPOSED AGENDA ITEMS FOR THE PANEL MEETING ON 29 NOVEMBER 2002
The Panel considered a confidential report of the County Treasurer (Item 9 in the Minute Book) detailing proposed agenda items for the Panel meeting on 29 November 2002.
[SUMMARY OF A MINUTE WHICH CONTAINS CONFIDENTIAL INFORMATION]
*At the start of the meeting Councillor D.A. Kirk took the Chair followed by Councillor Mrs. S.M. Glasspool, DL. The presentations by the Fund Managers and Property Manager took place after the panel completed the business on the agenda. Councillor Mrs. S.M. Glasspool, DL was in the chair for the presentation by Deutsche and ISIS. Councillor T.K. Thornber, CBE then took the chair for the presentations by SGAM, Schroders and Savills.
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