Archived decisions

AT A MEETING of the PENSION FUND PANEL held at The Castle, Winchester on Tuesday 26 September 2006.

Chairman:

p Councillor T.K. Thornber, CBE

Vice Chairman:

p Councillor M.F. Cartwright

Councillors:

p F.G. Allgood p M.N. Kemp-Gee

p B.D. Dash a A.R. Ludlow

p A.G. Dowden p J.J.W. Maxwell

a P.R.C. Hutcheson

Co-opted members:

p Councillor I.R. Carr (Test Valley Borough Council)

p Councillor J Moulton (Southampton City Council)

p Mr E.W. Hughes (pensioners' representative)

a Mr D. Offord (contributors' representative)

Independent adviser:

p Mr H. Cole.

110 APOLOGIES FOR ABSENCE

Apologies for absence were received from Councillors P.R.C. Hutcheson and A.R. Ludlow and Mr D. Offord.

111 DECLARATIONS OF INTEREST

Members were mindful that, where they believed they had a personal or prejudicial interest in any matter to be considered at the meeting, they should, normally at the time of the debate, declare their 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 was discussed.

Councillor M.F. Cartwright declared a personal prejudicial interest in connection with the report on Review of investment management - progress to date (Minute 115 below refers) and left the room during the discussion of this item.

112 CHAIRMAN'S COMMUNICATIONS

No Chairman's communications were received.

113 DEPUTATIONS

No deputations were received.

114 EXCLUSION OF PRESS AND PUBLIC

RESOLVED:

That the public be excluded from the meeting during the following items of business, as it is likely, in view of the nature of the business to be transacted or the nature of the proceedings, that if members of the public were present during that item there would be disclosure to them of exempt information within Paragraph 3 of Part 1 of Schedule 12A to the Local Government Act 1972, and further that in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information, for the reasons set out in the reports.

115 REVIEW OF INVESTMENT MANAGEMENT - PROGRESS TO DATE (EXEMPT)

The Panel noted an exempt report of the County Treasurer (Item 6 in the Minute Book) on the progress so far on the review of the Fund's investment management arrangements.
[SUMMARY OF A MINUTE WHICH CONTAINS EXEMPT INFORMATION]

116 HIGH PERFORMANCE EQUITIES - FUTURE INVESTMENT MANAGEMENT ARRANGEMENTS (EXEMPT)

The Panel considered an exempt report of the County Treasurer (Item 7 in the Minute Book) setting out details of the firms shortlisted to provide investment management of high performance equities.
[SUMMARY OF A MINUTE WHICH CONTAINS EXEMPT INFORMATION]