Meeting documents

Investment and Pension Fund

Committee Agenda

Fri Jun 12 2015

Related Documents:
minutes for this agenda

A meeting of the Investment and Pension Fund Committee will be held on the above date at 10.00 am at County Hall, Exeter to consider the following matters.

P NORREY

Chief Executive

A G E N D A

1. Apologies for absence

2. Minutes

Minutes of the meeting held on 27 February 2015 attached (Page 1).

3. Items Requiring Urgent Attention

Items which in the opinion of the Chairman should be considered at the meeting as matters of urgency.

4. Annual Internal Audit Report 2014/15 and the proposed Internal Audit Plan 2015/16

Report of the County Treasurer (CT/15/43 - text only | pdf | supplementary information CT/15/43) attached (Page 3).

5. Statement of Investment Principles

Report of the County Treasurer (CT/15/38 - text only | pdf | supplementary information CT/15/38) attached (Page 15).

6. Training Plan 2015/16

Report of the County Treasurer (CT/15/39 - text only | pdf | supplementary information CT/15/39) attached (Page 17).

7. Investment Management Report

Report of the County Treasurer (CT/15/40 - text only | pdf CT/15/40) attached (Page 25).

8. Dates of Future Meetings

The Committee will meet at 10.00am on the following dates:

2015

Friday 18 September

Friday 20 November

2016

Friday 26 February

PART II ITEMS WHICH MAY BE TAKEN IN THE ABSENCE OF THE PRESS AND PUBLIC

9. Exclusion of the Press and Public

Recommendation: that the press and public be excluded from the meeting for the following

items of business under Section 100(A)(4) of the Local Government Act 1972 on the

grounds that it involves the likely disclosure of exempt information as defined in Paragraph 3

of Schedule 12A of the Act, namely information relating to financial and business affairs of

a person other than the County Council and disclosure of which would be likely to inhibit the

free and frank provision of advice and exchange of views for the purposes of deliberation, in

accordance with Section 36 of the Freedom of Information Act 2000, by virtue of the fact that

the public interest in maintaining the exemption outweighs the public interest in disclosing the

information.

10. Investment Management Review

Report of the County Treasurer (CT/15/41) attached (Page 31).

11. Investment Advisor Arrangements

Report of the County Treasurer (CT/15/42) attached (Page 35).

Members are reminded that Part II Reports contain exempt information and should therefore be treated accordingly. They should not be disclosed or passed on to any other person(s).

Members are also reminded of the need to dispose of such reports carefully and are therefore invited to return them to the Democratic Services Officer at the conclusion of the meeting for disposal.


Membership

Devon County Council

Councillors Gilbert (Chairman) Edgell, Hannon, Hill, Hosking and Radford.

Unitary and District Councils

Councillors Parker Delaz Ajete (Plymouth), Edwards (Exeter - LGA Devon), O Dwyer (Torbay)

Substitute Members: Councillor Hicks (for Cllr Edwards) and Councillor Fox (for Cllr Parker Delaz Ajete)

Other Employment Rep

Ms D Healy (Dartmoor National Park Authority)

Union and Retired Members: Observers Non-Voting

Mr. Franceschini, Mr. Lomax and Ms. Rimron

Declaration of Interests

Members are reminded that they must declare any interest they may have in any item to be considered at this meeting, prior to any discussion taking place on that item.

Access to Information

Any person wishing to inspect any Minutes, Reports or Background papers relating to any item on this agenda should contact Vicky Church on 01392 383691.

Agendas, Reports and Minutes of this Committee are published on the Council s Website at:http://www.devon.gov.uk/index/councildemocracy/decision_making/cma/index_inv.htm

Webcasting, Recording or Reporting of Meetings and Proceedings

The proceedings of this meeting may be recorded for broadcasting live on the internet via the

Democracy Centre on the County Council s website. The whole of the meeting may be

broadcast apart from any confidential items which may need to be considered in the absence of

the press and public. For more information go to:http://www.devoncc.public-i.tv/core/

In addition, anyone wishing to film part or all of the proceedings may do so unless the press and

public are excluded for that part of the meeting or there is good reason not to do so, as directed

by the Chairman. Any filming must be done as unobtrusively as possible from a single fixed

position without the use of any additional lighting; focusing only on those actively participating in

the meeting and having regard also to the wishes of any member of the public present who may

not wish to be filmed. As a matter of courtesy, anyone wishing to film proceedings is asked to

advise the Chairman or the Democratic Services Officer in attendance so that all those present

may be made aware that is happening.

Members of the public may also use Facebook and Twitter or other forms of social media to

report on proceedings at this meeting.

An open, publicly available Wi-Fi network (i.e. DCC) is normally available for meetings held in the Committee Suite at County Hall. For information on Wi-Fi availability at other locations, please contact the Officer identified above.

Emergencies

In the event of the fire alarm sounding, leave the building immediately by the nearest available exit, following the fire exit signs. If doors fail to unlock press the Green breakglass next to the door. Do not stop to collect personal belongings, do not use the lifts, do not re-enter the building until told to do so.

Mobile Phones

Please switch off all mobile phones before entering the Committee Room or Council Chamber.

If you need a copy of this Agenda and/or a Report in another format (e.g. large print, audio tape, Braille or other languages), please contact the Information Centre on 01392 380101 or email to: centre@devon.gov.uk or write to the Democratic Services and Scrutiny Secretariat at County Hall, Exeter, EX2 4QD.

Induction loop system available

Date Published: Thu Jun 04 2015