Agenda

Pension Fund Committee - Thursday 13 March 2025 10.00 am

Venue: Committee Room 2, County Hall, Durham. View directions

Contact: Martin Tindle 03000 269 713

Items
No.	Item
	Abbreviations PDF 133 KB Additional documents: - Glossary , item PDF 164 KB
1.	Apologies for Absence
2.	Declarations of interest (if any)
3.	The minutes of the meeting held on 12 December 2024 and special meeting held 28 January 2025 PDF 228 KB Additional documents: Item 3b - 012825-PFC-Mins-PARTA , item 3. PDF 268 KB
4.	Review of Committee Terms of Reference PDF 147 KB Additional documents: Item 4 - Appendix 1 - Pension Fund Committee - Terms of Reference , item 4. PDF 262 KB
5.	Overall Value of Pension Fund Investments to 31 December 2024 PDF 752 KB
6.	Performance Measurement of Pension Fund Investments to 31 December 2024 PDF 121 KB Additional documents: Item 6 - Appendix 1 , item 6. PDF 2 MB
7.	Feedback from Local Pension Board
8.	Agreement of Accounting Policies for Application in the 2024/25 Financial Statements of the Pension Fund PDF 282 KB
9.	Review of Terms of Reference Pension Fund Policy Documents PDF 132 KB Additional documents: Item 9 - Appendix 1 - Pension Fund Investment Strategy Statement , item 9. PDF 648 KB Item 9 - Appendix 2 - Funding Strategy Statement , item 9. PDF 458 KB
10.	Provision of Treasury Management Services to the Pension Fund for 2025/26 PDF 226 KB Additional documents: Background Paper: Pension Fund Committee – 14 March 2024 - Provision of Treasury Management Services to the Pension Fund for 2024/25., item 10. Background Paper: DCC’s Treasury Management Strategy 2025/26 approved 12 February 2025, item 10. Background Paper: The Local Government Pension Scheme (Management and Investment of Funds) Regulations 2016, item 10.
11.	Pension Fund Training Policy and Governance Compliance PDF 137 KB Additional documents: Item 11 - Appendix 1 - Pension Fund Training Policy 2025 , item 11. PDF 267 KB Item 11 - Appendix 2 - Governance Compliance Statement , item 11. PDF 251 KB
12.	Regulatory Update PDF 361 KB Additional documents: Item 12 - Appendix 1 - Fit for the Future - Durham Response , item 12. PDF 355 KB Item 12 - Appendix 2 - Updated_opinion_on_fiduciary_duty_in_the_LGPS , item 12. PDF 336 KB Item 12 - Appendix 3 - SAB Annual Review 2024.25 , item 12. PDF 231 KB Item 12 - Appendix 4 - SAB letter to AAs on budget setting , item 12. PDF 218 KB
13.	Such other business as, in the opinion of the Chairman of the Meeting is of sufficient urgency to warrant consideration
14.	Any resolution relating to the exclusion of the public during the discussion of items containing exempt information That under Section 100(A)(4) of the Local Government Act 1972, the public be excluded from the meeting for the following items of business on the grounds that they involved the likely disclosure of exempt information as defined in paragraph 3 of Part 1 of Schedule 12A of the Act.
	Part B Items during which it is considered the meeting will not be open to the public (consideration of exempt or confidential information)
15.	The minutes of the meeting held on 12 December 2024 and special meeting held 28 January 2025 View the reasons why item 15. is restricted
16.	Report of the Independent Adviser View the reasons why item 16. is restricted
17.	Investment Strategy and Governance Update View the reasons why item 17. is restricted
18.	Report of the Pension Fund Adviser View the reasons why item 18. is restricted
19.	Border to Coast Pensions Partnership Quarterly Performance Report View the reasons why item 19. is restricted
20.	Report of Alliance Bernstein View the reasons why item 20. is restricted
21.	Report of CBRE Global Investment Partners View the reasons why item 21. is restricted
22.	Report of Foresight View the reasons why item 22. is restricted
23.	Such other business as, in the opinion of the Chairman of the meeting, is of sufficient urgency to warrant consideration