Hampshire County Council

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Meeting

Name: Hampshire Pension Fund Panel and Board
Start: 2024-05-30T12:00:00Z
End: 2024-05-30T16:00:00Z
Location: Wellington Room - HCC

Hampshire Pension Fund Panel and Board - Hampshire

Agenda

Published

Minutes

Published

Meeting Times

Scheduled Time

Start:
Thursday, 30th May 2024
1:00 PM

End:
Thursday, 30th May 2024
5:00 PM

Meeting Status

Status:
Confirmed

Date:
30 May 2024

Location:
Wellington Room - HCC

Meeting Attendees

Co-opted Member

Arron Hedges

Scheme Member Representative - Active

Apologies

Committee Member

Councillor Andrew Joy

Conservative

Present, as expected

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Committee Member

Councillor Tim Davies

Conservative

Apologies

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Committee Member

Councillor Jonathan Glen

Conservative

Present, as expected

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Chairman

Councillor Mark Kemp-Gee

Conservative

Present, as expected

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Vice-Chairman

Councillor Tom Thacker

Conservative

Present, as expected

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Conservative Deputy

Councillor Derek Mellor

Conservative

Not required

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Committee Member

Councillor David Harrison

Liberal Democrat

Present, as expected

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Liberal Democrats Deputy

Councillor Keith House

Liberal Democrat

Not required

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Committee Member

Councillor Alex Crawford

Labour

Present, as expected

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Co-opted Member

Councillor Paul Taylor

Employer Representative - HIOWLGA

Present, as expected

Labour Deputy

Councillor Kim Taylor

Labour

Not required

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Co-opted Member

Phillip Reynolds

Scheme Member Representative - Pensioner Representative

Present, as expected

Co-opted Member

Paul Barber

Scheme Member Representative - Substitute

Present, as expected

Co-opted Member

Simon Walker

Scheme Member Representative - Deferred

Present, as expected

Conservative Deputy

Councillor David Drew

Conservative

Not required

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Committee Member

Councillor Rob Mocatta

Conservative

Present, as expected

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Monitor

Carolan Dobson

Independent Adviser

Copy docmts only

Co-opted Member

Councillor Simon Letts

Employer Representative - Southampton City Council

Present, as expected

Committee Member

Amelia Nirmal

Employer Representative - Other Employer

Apologies

Committee Member

Councillor Dominic Hiscock

Present, as expected

Co-opted Deputy

Councillor Judith Smyth

Employer Representative - Portsmouth City Council

Apologies

Labour Deputy

Councillor Jacky Tustain

Labour

Not required

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Agenda

1 Apologies for Absence

To receive any apologies for absence.

Minutes Apologies were received from:

· Councillor Tim Davies

· Amelia Nirmal, Employer Representative

· Councillor Judith Smyth, Employer Representative

· Arron Hedges, Scheme Member Representative, Paul Barber was present as a deputy.

· Carolan Dobson, Independent Advisor

2 Declarations of Interest

All Members who believe they have a Disclosable Pecuniary Interest in any matter to be considered at the meeting must declare that interest and, having regard to Part 3 Paragraph 1.5 of the County Council's Members’ Code of Conduct, leave the meeting while the matter is discussed, save for exercising any right to speak in accordance with Paragraph 1.6 of the Code. Furthermore all Members with a Personal Interest in a matter being considered at the meeting should consider, having regard to Part 5, Paragraph 4 of the Code, whether such interest should be declared, and having regard to Part 5, Paragraph 5 of the Code, consider whether it is appropriate to leave the meeting while the matter is discussed, save for exercising any right to speak in accordance with the Code.

Minutes Members were mindful that where they believed they had a Disclosable Pecuniary Interest in any matter considered at the meeting they must declare that interest at the time of the relevant debate and, having regard to the circumstances described in Part 3, Paragraph 1.5 of the County Council's Members' Code of Conduct, leave the meeting while the matter was discussed, save for exercising any right to speak in accordance with Paragraph 1.6 of the Code. Furthermore Members were mindful that where they believed they had a Personal Interest in a matter being considered at the meeting they considered whether such interest should be declared, and having regard to Part 5, Paragraph 5 of the Code, considered whether it was appropriate to leave the meeting whilst the matter was discussed, save for exercising any right to speak in accordance with the Code.

3 Confirmation of minutes of the previous meeting (Public) 28 March 2024

To confirm the public minutes of the previous meeting held on 28 March 2024.

Attachments:

Document Minutes , 28/03/2024 Hampshire Pension Fund Panel and Board 21 May 2024

Minutes The public minutes of the previous meeting on the 28 March 2024 were agreed as an accurate record and signed by the Chairman.

4 Deputations

To receive any deputations notified under Standing Order 12.

Minutes The Hampshire Pension Fund Panel and Board did not receive any deputations.

5 Chairman's Announcements

To receive any announcements the Chairman may wish to make

Minutes The Chairman made no announcements.

6 Exclusion of the Press and Public

That in relation to the following items the press and public be excluded from the meeting, as it is likely, in view of the nature of the business to be transacted or the nature of proceedings, that if a member of the public were present during the items there would be disclosure to them of exempt information within Paragraph 3 of Part 1 of Schedule 12A of the Local Government Act 1972, and further that in all circumstances of the case, the public interest in maintaining the exempt information outweighs the public interest in disclosing the information, for the reasons set out in the report.

Minutes RESOLVED:

That the public be excluded from the meeting during the following items of business, as it is likely, in view of the nature of the business to be transacted or the nature of the proceedings, that if members of the public were present during these items there would be disclosure to them of exempt information within Paragraphs 3 of Part 1 of Schedule 12A to the Local Government Act 1972, and further that in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information, for the reasons set out in the reports.

7 Confirmation of minutes of the previous meeting (exempt) 28 March 2024

To confirm the exempt minutes of the previous meeting held on 28 March 2024.

Attachments:

Document 2024.03.28 PFPB - minutes - Exempt 193, 28/03/2024 Hampshire Pension Fund Panel and Board 21 May 2024
Document 2024.03.28 PFPB - minutes - Exempt 194, 28/03/2024 Hampshire Pension Fund Panel and Board 21 May 2024
Document 2024.03.28 PFPB - minutes - Exempt 195, 28/03/2024 Hampshire Pension Fund Panel and Board 21 May 2024

8 Investments - Alternative Investments Update

To consider an exempt report of the Deputy Chief Executive and Director of Corporate Operations providing information on investment costs and performance of the Pension Fund’s investments.

Attachments:

Document Item 8 Investment review 21 May 2024
Document CEM Investment Benchmarking Results 2022 23 - Hampshire County Council - 04 Apr 2024 21 May 2024
Document Hampshire Pension Fund Equity & MAC Portfolio Review - IC Summary 21 May 2024
Document Item 8 Addendum 21 May 2024
Document 2024.05.30 PFPB - Minutes - Exempt 203 11 Jul 2024

Previous Meetings

21st Mar 2025