Meeting documents

South Yorkshire Pensions Authority
Tuesday, 8th July, 2014 9.30 am

Venue: offices of the South Yorkshire Joint Secretariat, 18 Regent Street, Barnsley

Contact: Gill Garrety, Democratic Services Officer  Email:  ggarrety@syjs.gov.uk Tel:01226 772806

Items
No. Item

1.

Apologies

Minutes:

Apologies were noted as above.

2.

Urgent Items

To determine whether there are any additional items of business which by reason of special circumstances the Chair is of the opinion should be considered at the meeting;  the reason(s) for such urgency to be stated.

 

Minutes:

None.

3.

Items to be considered in the absence of the public and press.

To identify items where resolutions may be moved to exclude the public and press.  (For items marked * the public and press may be excluded from the meeting).

Minutes:

None.

4.

Declarations of Interest.

Minutes:

None.

5.

LGPS Consultation: Opportunities for Collaboration, Cost Savings and Efficiencies

Minutes:

A report of the Fund Director was submitted to seek Members’ comments on a draft response to the call for evidence into the future structure of the Local Government Pension Scheme.

 

Members noted that the consultation focused on potential savings arising out of the establishment of Common Investment Vehicles (CIVs) and their use by LGPS administering authorities for both listed and alternative asset classes and for the greater use of passive management for all listed assets, including equities and bonds.  It was also noted that full fund mergers had been ruled out for the time being.

 

Members discussed in detail the potential implications for the Authority if the proposals were implemented and the response to each question contained in the consultation.

 

RESOLVED – That the Authority approved the draft response to the consultation in its entirety, subject to minor amendments, and agree to it being submitted to CLG by the deadline of 11 July 2014.