PENSION FUND PANEL


FRIDAY 16 NOVEMBER 2007 AT 10.00 A.M.

CHUTE ROOM, ELIZABETH II COURT, THE CASTLE, WINCHESTER


LOUISE PICKFORD

01962 847355

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. The declaration should be made at the time of the relevant debate.

3 CHAIRMAN'S COMMUNICATIONS

To receive any communications the Chairman may wish to make.

4 DEPUTATIONS

To receive any deputations.

5 MINUTES

To confirm the Minutes of the meeting held on 2 November 2007.

6 DEPUTY REPRESENTATIVE OF HAMPSHIRE DISTRICT COUNCILS

To consider a report of the County Treasurer regarding the appointment of a deputy for the representative of the Hampshire district councils.

7 PENSION FUND ANNUAL GENERAL MEETING 2007

To consider a report of the County Treasurer summarising the Pension Fund's tenth AGM held at Sparsholt College on 17 September 2007.

8 REGULATIONS TO IMPROVE THE ADMINISTRATION AND GOVERNANCE OF THE LOCAL GOVERNMENT PENSION SCHEME

To consider a report of the County Treasurer concerning improvements to the administration and governance of the Local Government Pension Scheme.

9 LOCAL GOVERNMENT PENSION SCHEME - PENSIONS ADMINISTRATION UPDATE

To consider a report of the County Treasurer giving an update on the new-look Pension Scheme.

10 ACTUARIAL VALUATION AT 31 MARCH 2007 - UPDATE

To consider a report of the County Treasurer detailing the Fund's Actuarial Position as at 31 March 2007.

11 REVIEW OF THE FUND'S BUSINESS PLAN

To consider a report of the County Treasurer reviewing the Fund's business plan.

12 REVIEW OF STATEMENT OF INVESTMENT PRINCIPLES

To consider a report of the County Treasurer reviewing the Fund's Statement of Investment Principles.

13 REVIEW OF THE FUNDING STRATEGY STATEMENT

To consider a report of the County Treasurer reviewing the Fund's Funding Strategy Statement.

14 EXCLUSION OF PRESS AND PUBLIC

That in relation to items 15-18 below, the public be excluded from the meeting, 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 the items 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 report.

15 INVESTMENT MATTERS - UPDATE INCLUDING RECENT PERFORMANCE RETURNS (EXEMPT)

To consider an exempt report of the County Treasurer giving an update on investment

matters.

16 MANAGERS' FEES AND TRANSACTION COSTS IN 2006/07 (EXEMPT)

To consider an exempt report of the County Treasurer regarding management fees and

transaction costs in 2006/07.

17 ALTERNATIVE INVESTMENTS PORTFOLIO - UPDATE (EXEMPT)

To consider an exempt report of the County Treasurer giving an update on the Alternative

Investments Portfolio.

18 PROPERTY PORTFOLIO - UPDATE (EXEMPT)

To consider an exempt report of the County Treasurer giving an update on the Property

portfolio.

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.