Agenda and decisions

To receive any apologies for absence

To receive any declaration of personal interest

To note any items which are urgent business in the opinion of the Chairman so that they may be considered

The Chairman shall propose that the minutes of the previous meeting of this committee, held on the 24th of November 2025, be signed as a true record

Prior to consultation on the Funding Strategy Statement, the Committee is asked to confirm the Funding Strategy Statement and associated policies.

Following the consultation process the Committee will receive the final version of the Funding Strategy Statement for adoption by 31st March 2026.

DECISION:

To accept the report and approve the Funding Strategy Statement and associated policies

To consider and approve the 2026/27 financial year budget for the Pensions Administration and Investment sections.

DECISION

·        To accept the information and approve the budget of the Pensions Administration Unit and the Investment Unit for the financial year 2026/27

·        Recommend that discussions commence as soon as possible, on the structure and functions of the two units in response to 'Fit for the Future' regulations

To note the progress report and the Investment Consultants’ objectives for the upcoming year.

DECISION

·       To accept and note progress on the objectives for 2025

·       To accept the Investment Consultants' objectives for the next period

Note: Objective 7 (2025) 'Provide relevant and timely advice ...' , in response to a comment that submission times are not always in line with officers' expectations, objective 7 should be reworded for the next period, to include or highlight deadlines for receiving reports from the consultants

To receive and note the information

DECISION

·        To accept the report and note the information

·        To welcome the development of the WPP Exclusions Policy

To consider and note the report.

DECISION

·        To accept and note the information.

·        That clearer definitions were needed for the activity of the Global Growth Fund, particularly under the heading of 'climate metrics'

·        That the Committee's voice and observations were taken into account when the WPP took investment decisions – it had to be ensured that investments were sustainable, responsible and beneficial to Gwynedd

To consider the feedback and accept the information

DECISION

To accept the report and note the feedback

To receive relevant feedback and information from the conference

DECISION

To accept the report and note the feedback

The Chairman shall propose that the press and public be excluded from the meeting during the discussion on the following items due to the likely disclosure of exempt information as defined in Paragraph 14 of Schedule 12A of the Local Government act 1972 Information relating to the financial or business affairs of any particular person (including the authority holding that information).

There is an acknowledged public interest in openness in relation to the use of public resources and related financial issues. It is also acknowledged that there are occasions, in order to protect the financial interests of public authorities that matters related to commercial information need to be discussed without being publicised. Publication of such commercially sensitive information would be inappropriate having regard to the legitimate interests of third parties and could undermine confidence to engage with the Council and therefore the Councils ability make decisions on behalf of the fund. This would be contrary to the wider public interest of securing value for money and the best overall outcome. For those reasons the matter should be exempt in the public interest.

To note the contents of the report

(copy for Members only)

DECISION

·        To accept the report and note the information

·        While it was generally accepted that the increase in engagement activities was encouraging, it was disappointing to see so many activities noted as 'ineffective'

To accept the information and note the contents of the report

(copy for Members only)

DECISION:

·        To accept the report and note the information