PENSION FUND PANEL


FRIDAY 25 NOVEMBER 2005 AT 10.00 A.M.

CHUTE ROOM, THE CASTLE, WINCHESTER**


LOUISE PICKFORD

7355

** Please note change of venue

1 APOLOGIES

To receive any apologies for absence.

2 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.

3 CHAIRMAN'S COMMUNICATIONS

4 DEPUTATIONS

5 MINUTES (Copy herewith)

To confirm the Minutes of the meeting held on 11 November 2005.

6 COSTS OF REVOCATION OF THE CHANGES TO THE SCHEME ON 1 APRIL 2005 (Report herewith)

To consider a report of the County Treasurer regarding costs of revocation of the changes to the scheme on 1 April 2005.

7 HAMPSHIRE PENSION FUND - REVIEW OF BUSINESS PLAN (Report herewith)

To consider a report of the County Treasurer regarding a review of the Hampshire Pension Fund's Business Plan and its performance against the action plan.

8 REVIEW OF STATEMENT OF INVESTMENT PRINCIPLES (Report herewith)

To consider a report of the County Treasurer detailing the updated Statement of Investment Principles.

9 PENSION FUND CASH POSITION (Report herewith)

To consider a report of the County Treasurer giving an update on the projection of the Pension Fund's cash position.

10 TRAINING UPDATE (Report herewith)

To consider a report of the County Treasurer regarding training received by Panel Members.

11 PENSION FUND ANNUAL GENERAL MEETING (Report herewith)

To consider a report of the County Treasurer summarising the Pension Fund's eighth annual AGM held on 22 September 2005.

12 EXCLUSION OF PRESS AND PUBLIC

That, by virtue of paragraphs 7, 9 and 12 of Part 1 of Schedule 12A of the Local Government Act 1972 the press and public be excluded from the meeting during consideration of items 13-17.

13 MANAGERS' FEES AND TRANSACTION COSTS (CONFIDENTIAL) (Report herewith)

To consider a confidential report of the County Treasurer.

14 POSSIBLE TAX RECLAIM FROM H. M. REVENUE AND CUSTOMS (CONFIDENTIAL) (Report herewith)

To consider a confidential report of the County Treasurer.

15 PROPERTY (CONFIDENTIAL) (Report herewith)

To consider a confidential report of the County Treasurer.

16 TENDERS FOR THE PROVISION OF INDEPENDENT PROPERTY VALUATION SERVICES (CONFIDENTIAL) (Report herewith)

To consider a confidential report of the County Treasurer.

17 OPTIONS FOR NEW MANAGEMENT STRUCTURE FROM OCTOBER 2006 (CONFIDENTIAL) (Report herewith)

To consider confidential reports from:

a. the County Treasurer

b. the Panel's Independent Adviser

c. Hewitt Bacon and Woodrow

d. Bramdean Asset Management

This agenda is also available on the County Council's website (www.hants.gov.uk/decisions) and can be provided on request in large print or Braille or on disk. Contact details are shown above.

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.