Hampshire County Council

Councillors: 78

Wards: 76

Committees: 50

Meetings (2025): 163

Meetings (2024): 156

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Meeting

Name: Hampshire Pension Fund Panel and Board
Start: 2025-03-21T10:00:00Z
End: 2025-03-21T14:00:00Z
Location: Mitchell Room - HCC

Hampshire Pension Fund Panel and Board - Hampshire

Agenda

Published

Minutes

Pending

Meeting Times

Scheduled Time

Start:
Friday, 21st March 2025
10:00 AM

End:
Friday, 21st March 2025
2:00 PM

Meeting Status

Status:
Confirmed

Date:
21 Mar 2025

Location:
Mitchell Room - HCC

Meeting Attendees

Co-opted Member

Phillip Reynolds

Scheme Member Representative - Pensioner Representative

Present, as expected

Committee Member

Councillor Alex Crawford

Labour

Present, as expected

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Committee Member

Councillor Jonathan Glen

Conservative

Apologies

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Co-opted Deputy

Paul Barber

Scheme Member Representative - Substitute

Apologies

Co-opted Member

Arron Hedges

Scheme Member Representative - Active

Apologies

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 David Harrison

Liberal Democrat

Present, as expected

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Committee Member

Councillor Andrew Joy

Conservative

Present, as expected

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Committee Member

Councillor Rob Mocatta

Conservative

Apologies

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Co-opted Deputy

Councillor Simon Letts

Employer Representative - Southampton City Council

Present, as expected

Conservative Deputy

Councillor Derek Mellor

Conservative

Expected

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Liberal Democrats Deputy

Councillor Keith House

Liberal Democrat

Not required

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Monitor

Carolan Dobson

Independent Adviser

Copy docmts only

Co-opted Member

Councillor Judith Smyth

Employer Representative - Portsmouth City Council

Apologies

Chairman

Councillor Mark Kemp-Gee

Conservative

Present, as expected

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Committee Member

Councillor Tim Davies

Conservative

Present, as expected

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Vice-Chairman

Councillor Tom Thacker

Conservative

Present, as expected

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Co-opted Member

Amelia Nirmal

Employer Representative - Other Employer

Apologies

Labour Deputy

Vacancy

Not required

Committee Member

Vacancy

Employer Representative - HIOWLGA

Not required

Agenda

1 Apologies for Absence

To receive any apologies for absence.

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.

3 Confirmation of Minutes of the previous meeting (public)

To confirm the public minutes of the meeting held on 25 February 2025.

Attachments:

Document Minutes , 25/02/2025 Hampshire Pension Fund Panel and Board 13 Mar 2025

4 Deputations

To receive any deputations notified under Standing Order 12.

5 Chairman's Announcements

To receive any announcements the Chairman may wish to make.

6 Draft minutes of the Responsible Investment Sub-Committee - 7 March 2025

To receive the draft minutes of the Responsible Investment Sub-Committee held on 7 March 2025.

Attachments:

Document RI Sub-Committee draft minutes 13 Mar 2025
Document Minutes Hampshire Pension Fund Responsible Investment Sub-Committee 13 Mar 2025

7 Governance - Stewardship amendments

To consider a report of the Deputy Chief Executive and Director of Corporate Operations outlining recommendations agreed by the Panel and Board’s Responsible Investment Sub-Committee on the stewardship of the Pension Fund’s investments in relation to investment in controversial weapons and tobacco companies.

Attachments:

Document Stewardship recommendation of the RI Sub-Cmtt 13 Mar 2025
Document Letter from Chairman of the Pension Fund Panel and Board RI Sub-Committee 13 Mar 2025

8 Governance - Internal Audit Progress Report

To receive a report from the Deputy Chief Executive and Director of Corporate Operations providing an overview of the internal audit activity completed in accordance with the approved audit plan (2024-25).

Attachments:

Document Internal Audit Progress Report - February 25 13 Mar 2025
Document Penson Fund Panel and Board - Internal Audit Progress Report 2024-25 (February 25) 13 Mar 2025

9 Governance - Internal Audit Plan 2025-26

To receive a report from the Deputy Chief Executive and Director of Corporate Operations presenting the internal audit plan for 2024-25.

Attachments:

Document Internal Audit Plan 2025-26 13 Mar 2025
Document Internal Audit Plan 2025-26 - Appendix A 13 Mar 2025

10 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.

11 Confirmation of Minutes of the previous meeting (Exempt)

To confirm the exempt minutes of the meeting held on 25 February 2025.

Attachments:

Document 2025.02.25 PFPB - Minutes - Exempt 255 13 Mar 2025

12 Investment - Custodian Report

To receive an exempt report of the Deputy Chief Executive and Director of Corporate Operations providing a review of custody services since the last report, in March 2024.

Attachments:

Document PFPB Custodian report 13 Mar 2025

13 Investment - Investment Update

To consider the exempt report of the Deputy Chief Executive and Director of Corporate Operations updating the Panel and Board on the Pension Fund’s investments since the last meeting.

Attachments:

Document PFPandB investment performance 13 Mar 2025

14 Investment - Alternative Investments Portfolio Update

To consider the exempt report of the Deputy Chief Executive and Director of Corporate Operations updating the Pension Fund Panel and Board on the progress of the alternative investments portfolio.

Attachments:

Document Alternative Investments Portfolio Update report 13 Mar 2025
Document Appedix 1 Apex Complementarity Review of ACCESS Private Equity Allocators (07 March 2025) 13 Mar 2025

Previous Meetings

21st Mar 2025