Archived decisions

    AT A MEETING of the PENSION FUND PANEL held at The Castle, Winchester on Friday 6 November 2009.

    Chairman:

    p Councillor M.N. Kemp-Gee

    Councillors:

    p F.G. Allgood a D.A. Kirk

    p C. Carter p B. Tennent

    p B.D. Dash a T. Thacker

    p A.G. Dowden a T.K. Thornber, CBE

    Co-opted members:

    p Councillor P. Giddings (Test Valley Borough Council)

    a Councillor D. Jones (Portsmouth City Council)

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

    p Mr P. Reynolds (employee representative)

    Independent adviser:

    p Mr H. Cole

    36 APOLOGIES

      Councillors T.K. Thornber, D.A. Kirk, T. Thacker and D. Jones gave their apologies.

    37 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.

    38 MINUTES

      The Minutes of the meeting held on 9 October 2009 were confirmed as a correct record and signed by the Chairman.

    39 CHAIRMAN'S COMMUNICATIONS

      The Chairman reported that discussions were continuing on applying a risk management overlay to the Pension Fund's investments and a full report would be made to the Panel in due course.

    40 EXCLUSION OF PRESS AND PUBLIC

      RESOLVED:

      That the public be excluded from the meeting during the following item 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 report.

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

      The Panel considered an exempt report from the County Treasurer providing an update on investment matters (Item 6 in the Minute Book).
      [SUMMARY OF A MINUTE WHICH CONTAINS EXEMPT INFORMATION]