PENSION FUND PANEL


TUESDAY, 20 SEPTEMBER 2005 AT 3.30 P.M.

THE CHUTE ROOM, THE CASTLE, WINCHESTER


LOUISE PICKFORD

7355

1 DECLARATIONS OF INTEREST

All Members who believe they have a personal or a personal prejudicial interest in any matter to be considered at the meeting must declare their personal interest and having regard to the circumstances described in paragraphs 9, 10, 11 and 12 of the County Council's Code of Conduct, consider whether to leave the meeting whilst the matter is discussed.

2 CHAIRMAN'S COMMUNICATIONS

3 DEPUTATIONS

4 MINUTES (Copy herewith)

To confirm the Minutes of the meeting held on 8 June 2005.

5 LOCAL GOVERNMENT PENSION SCHEME (AMENDMENT) REGULATIONS 2005 - REVOCATION OF CHANGES MADE ON 1 APRIL 2005 (Report herewith)

To consider the report of the County Treasurer to revoke significant changes made to the Local Government Pension Scheme (LGPS) which came into effect on 1 April 2005.

6 NEW TAX REGIME FOR PENSION SCHEMES (Report herewith)

To consider the report of the County Treasurer explaining the new tax regime for pension schemes.

7 PENSIONS FOR CIVIL PARTNERS (Report herewith)

To consider the report of the County Treasurer regarding pensions for civil partners.

8 EQUITABLE LIFE - UNIT-LINKED AVCs (Report herewith)

To consider the report of the County Treasurer regarding Equitable Life investments.

9 GLOBAL CUSTODY (Report herewith)

To consider the report of the County Treasurer outlining the issues associated with the appointment of a global custodian for Pension Fund assets.

10 EXCLUSION OF PRESS AND PUBLIC

RECOMMENDATION:

That, by virtue of paragraphs 7 and 9 of Part 1 of Schedule 12A of the Local Government Act 1972 the press and public be excluded from the meeting during consideration of the following items.

11 APPOINTMENT OF BRAMDEAN ASSET MANAGEMENT AS ADVISERS
(Report herewith)
To consider the confidential report of the County Treasurer regarding the appointment of Bramdean Asset Management as advisors.

12 SALE OF DEUTSCHE ASSET MANAGEMENT TO ABERDEEN ASSET MANAGERS (CONFIDENTIAL) (Report herewith)

To consider the confidential report of the County Treasurer regarding the sale of Deutsche Asset Management to Aberdeen Asset Managers (Representatives of Aberdeen Asset Managers and advisers from Bramdean Asset Management will be in attendance for discussions on the issues raised on this item).

County Councillors attending as appointed members of this panel or by virtue of Standing Order 17.5; or with the concurrence of the Chairman in connection with their duties as members of the Council or as a local County Councillor qualify for travelling expenses.

Independent Members similarly qualify for payment of travelling expenses.

5pA93905