For enquiries on this agenda, please contact:

Ann Sweeney 0208 547 4629


Published on 5 December 2018



Pension Fund Panel


Date:                Thursday 13 December 2018


Time:               10:00 am


Place:              Guildhall, Kingston upon Thames KT1 1EU



Members of the Committee


  Councillor Mark Beynon


  Councillor Dennis Goodship

(Vice Chair)


Councillor Roy Arora


Councillor Jaesung Ha

Councillor Alison Holt



Non-Voting Observer Members


Co opted Member

Lesley Diston            Kingston University

Majid Mafi                  RBK Staff Side

Chris Coke                Retired Members



Everyone is welcome to attend the meeting


This agenda is available to view on:

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Meeting information




·                All meetings have access for people who may have mobility difficulties.  If there are stairs, a lift or stairlift is available.  Disabled parking spaces are available on site.

·                Toilet facilities will be easily accessible from the meeting room.

·                For people who are deaf or have hearing impairments, there is an induction loop (depending on the building, this may only be available in the first 2 or 3 rows).

·               A large print copy of the agenda can be requested in advance.


Emergency evacuation arrangements


If the fire alarm sounds, please leave the building by the nearest exit. If you require assistance, please remain seated and an Officer will assist you from the building.


Recording of the meeting


 This meeting will be recorded and the recording will be available on the web site ( with the agenda and minutes.




Residents and journalists/media wishing to film meetings are permitted to do so but are asked to give advance notice of this and respect any concerns expressed by people on being filmed.


Phrases used at meetings


Like all organisations, the Council has its own ‘jargon’.  On the agenda and during debates you will see/hear the following phrases:


·           Interests - Councillors must say if they have an interest in any of the items on the agenda.  Interests may be personal or pecuniary.  Depending on the interests declared, it might be necessary for the Councillor to leave the meeting.  The detail on interests is in Part 5A of the Constitution - Members’ Code of Conduct.





The minutes briefly summarise the item and record the decision.  They do not record who said what during the debate.





Apologies for absence


Majid Mafi - the substitute member is Marc Cooper.


Declarations of Interest







Appendix A




To confirm as a correct record the minutes of the meeting held on 8 November 2018.





Pensions Administration Update

Appendix B








Training Session

Appendix C




Presentation by Aon Hewitt on


Structure of an equity portfolio & how this is reviewed.





Performance for Quarter to 30/9/2018

Appendix D








Presentations from and discussions with Fund managers





Janus Henderson who manage the Bonds element of the portfolio have been invited to attend to present the structure, performance and outlook; on the


All Stocks Credit Fund and

Total Return Bond


and respond to Member questions:





GAD Section 13 Report

Appendix E




The Fund actuary, Hymans Robertson, will be attending this Panel to give a presentation on this report.





Fund Risk Register

Appendix F




Annex 1 is circulated separately and is Exempt Information.





Update on Brexit

Appendix G




 Exempt Annex(es) to be circulated


This report may be updated to reflect Parliamentary developments as the week unfolds.





Updates on the LGPS Environment

Appendix H








ESG Update





Verbal update.





Review of Work Programme

Appendix I








Urgent Items Authorised by the Chair









Exclusion of the Press and Public





To exclude the public from the meeting under Section 100(A)(4) of the Local Government Act 1972 on the grounds that it is likely that exempt information, as defined in paragraphs 1 and 3 of Part I of Schedule 12A to the Act, would be disclosed and the public interest in maintaining the exemption outweighs the public interest in disclosing the information.


Risk Register                   Appendix G Annex 1

Update on Brexit             Appendix H Annex




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