The
Pensions Committee comprises of eight councillors, who represent
the political balance of the Council, plus four co-opted members
who represent both the non-County Council employers in the Fund and
individual Fund participants.
The
Pensions Committee functions are:-
Drawing upon appropriate professional advice, to set investment
policies for the Fund, including the establishment and maintenance
of a strategic benchmark for asset allocation, and approval of the
Investment Strategy Statement;
To review the performance of Border to Coast Pensions Partnership
Limited and its sub-funds, legacy fund managers and associated
professional service providers;
To approve the annual Report and Statement of accounts of the
fund;
To consider any other matters relevant to the operation and
management of the fund;
As necessary and appropriate issue instructions to the Council's
representative as shareholder of Border to Pensions Partnership
Limited on matters affecting the exercise of the Council's rights
as shareholder in the company; and
To respond to any relevant consultations impacting upon the benefit
provisions of the Local Government Pension Scheme.
The
meetings are held throughout the year, and commence at 10.00 a.m.,
in Committee Room One, County Offices, Newland, Lincoln, LN1 1YL
(unless otherwise stated). The meetings
are generally open to the public, unless otherwise
specified.
The
full terms of reference for the Pensions Committee are set out in
Part 2 of the Council's Constitution.