Agenda item

The Committee considered a report of the Corporate Director of Resources which recommended that the Pension Fund works with its investment adviser and fund managers to ensure that it could become a signatory to the UK Stewardship Code. As part of this process it was also recommended that the Pension Fund pays an annual subscription to become a member of the Local Authority Pension Fund Forum (LAPFF), a collaborative shareholder engagement group for local authority pension funds (for copy see file of Minutes).

Members supported the proposal for membership of the LAPFF, given the benefits of membership which were outlined in the report.

Resolved:

That

a)    approval be granted for the Pensions Manager to work with the Pension Fund’s investment adviser and fund managers to ensure the Pension Fund can become a signatory to the UK Stewardship Code;

b)    approval be granted for the Pension Fund to pay an annual subscription to become a member of the Local Authority Pension Fund Forum.