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  • Agenda and decisions

    Pensions Committee - Wednesday, 18th January, 2023 2.00 pm

    • Attendance details
    • Agenda frontsheet PDF 294 KB
    • Agenda reports pack PDF 4 MB
    • Printed decisions PDF 134 KB

    Venue: Cyfarfod Rhithiol / Virtual Meeting. View directions

    Contact: Lowri Haf Evans  01286 679878

    Items
    No. Item

    1.

    APOLOGIES

    To receive any apologies for absence

    2.

    DECLARATION OF PERSONAL INTEREST

    To receive any declaration of personal interest

    3.

    URGENT ITEMS

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

    4.

    MINUTES pdf icon PDF 237 KB

    The Chairman shall propose that the minutes of the meeting of this committee held on 21 November 2022 to be signed as a true record

    5.

    BUDGET 2023-24 PENSIONS AND INVESTMENT UNIT pdf icon PDF 129 KB

     

    To consider the report and approve the 2023/24 financial year budget for the Pensions Administration and Investment sections.

     

    Decision:

    DECISION:

     

    ·         To accept the report

    ·         To approve the budget of the Pensions Administration and Investment Sections for the 2023/24 financial year

     

    6.

    REVIEW OF STRATEGIC OBJECTIVES FOR THE FUND'S INVESTMENT CONSULTANTS pdf icon PDF 200 KB

    • View the background to item 6.
    • View the decision for item 6.

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

    Additional documents:

    • Attachment 1 Consultant objectives 2022 , item 6. pdf icon PDF 275 KB

    Decision:

    DECISION

     

    ·         To accept and note the progress report

    ·         To approve the objectives of the Investment Consultants for the next period subject to adding the word 'certain' to objective 7 'Provide relevant and timely advice'.

    '....'alternative' advice could sometimes be more proactive, certain and timelier...'

     

    7.

    FUNDING STRATEGY STATEMENT pdf icon PDF 129 KB

    • View the background to item 7.
    • View the decision for item 7.

    To consider and confirm the assumptions and policies outlined in the report

     

    Additional documents:

    • Gwynedd Pension Fund Funding Strategy Statement January 2023 final , item 7. pdf icon PDF 918 KB
    • Appendix E Gwynedd Pension Fund 2022 Prepayments policy , item 7. pdf icon PDF 139 KB
    • Appendix F Contribution reviews policy , item 7. pdf icon PDF 156 KB
    • Appendix G Gwynedd Pension Fund 2022 passthrough policy , item 7. pdf icon PDF 329 KB
    • Appendix H Ill health risk management policy , item 7. pdf icon PDF 144 KB
    • Appendix I Gwynedd Pension Fund 2022 Cessation policy , item 7. pdf icon PDF 187 KB

    Decision:

    DECISION:

     

    ·         To accept and confirm the assumptions and policies in the (draft) Funding Strategy Statement.

    ·         To approve the Funding Strategy Statement (draft) for consultation will all Fund employers

     

     

    8.

    2023 EVENTS pdf icon PDF 252 KB

    • View the background to item 8.
    • View the decision for item 8.

     

    To notify Members of 2023 events

    Decision:

    DECISION:

     

    ·         To accept and confirm nominations for attending events in 2023