Agenda item

The Committee considered the report of the Corporate Director of Resources which informed Members of the publication of the Local Government Pension Scheme (LGPS) (Management and Investment of Funds) Regulations 2016, associated guidance relating to setting an investment strategy under these regulations and their impact on the management of the Pension Fund (for copy see file of Minutes).

Councillor Davinson asked if Durham Pension Fund should consider joining the Local Authority Pension Fund Forum (LAPFF); a number of authorities in the BCPP were members. Nick Orton informed the Committee that the majority of local authority pension funds were members of the Forum which was a collaborative shareholder engagement group providing an opportunity to discuss investment issues and stakeholder engagement.

Members discussed whether Durham Pension Fund should join the Forum and asked for more information on the role of the LAPFF and the potential benefits of membership.

Resolved:

That the information contained in the report be noted and more details about the LAPFF be provided in a report to the next meeting of the Committee.