Archived decisions

AT A MEETING of the PENSION FUND PANEL held at The Castle, Winchester on Friday 6 October 2006.

Chairman:

p Councillor T.K. Thornber, CBE

Vice Chairman:

p Councillor M.F. Cartwright

Councillors:

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

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

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

a P.R.C. Hutcheson

Co-opted members:

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

p Councillor J Moulton (Southampton City Council)

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

Mr D. Offord (contributors' representative)

Independent adviser:

p Mr H. Cole.

117 APOLOGIES FOR ABSENCE

    Councillors Allgood and Kemp-Gee both gave apologies as they were on County Council business at Hampshire Action Team meetings.

118 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.

119 CHAIRMAN'S COMMUNICATIONS

    No Chairman's communications were received.

120 DEPUTATIONS

    No deputations were received.

121 MINUTES

    The Minutes of the meeting held on 15 September 2006 and 26 September 2006 were confirmed as a correct record and signed by the Chairman.

122 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.

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

    The Panel noted an exempt report of the County Treasurer (Item 7 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]

124 GLOBAL BONDS - FUTURE INVESTMENT MANAGEMENT ARRANGEMENTS (EXEMPT)

    The Panel considered an exempt report of the County Treasurer (Item 8 in the Minute Book) setting out details of the firms shortlisted to provide investment management of global bonds.
    [SUMMARY OF A MINUTE WHICH CONTAINS EXEMPT INFORMATION]

125 UK EQUITIES LOW RISK ACTIVE OR INDEX TRACKING MANAGERS - FUTURE INVESTMENT MANAGEMENT ARRANGEMENTS (EXEMPT)

    The Panel considered an exempt report of the County Treasurer (Item 9 in the Minute Book) setting out details of the firms shortlisted to provide investment management of UK equities on a low risk active or index tracking basis.
    [SUMMARY OF A MINUTE WHICH CONTAINS EXEMPT INFORMATION]