Minutes:
The Head of Pensions (LGPS), Paul Cooper explained that while there were no investment decisions to be made at the meeting today, he noted there would be a full agenda for the December meeting. He added that in preparation for that meeting, he would propose for a training session to take place after the conclusion of the Annual Pension Fund meeting on 9 November. He noted that the Chief Executive of BCPP, Rachel Elwell, would be in attendance in December to speak to the Committee regards the future of BCPP; and the Committee would be asked to consider the refresh of the Responsible Investment Policy.
In respect of future training for Committee Members, the Head of Pensions (LGPS) noted the proposed online training solution that had been discussed was also supported by the Local Pension Board. He noted that work was ongoing with colleagues from Procurement. He added that new Members to the Committee had completed their training last week, with all Members now having gone through induction training.
The Head of Pensions (LGPS) noted the upcoming BCPP Conference on 28 September and noted previous good representation from Committee Members. He added he would provide further details as regards travel arrangements next week.
Councillor M Porter entered the meeting at 10.07am
The Head of Pensions (LGPS) noted that information as regards training would be formalised within a policy, with agreement in terms of the online training modules as described, and for new Member inductions. He concluded by asking Members to let him know as regards any thoughts on a training policy.
The Chair noted the Committee was one with heavy responsibility and fair amount of relevant legislation to take into account. He added that he felt Durham was ‘ahead of the game’ in many respects, however, it was important to ensure that the Committee had well-trained Members when looking to make decisions.
Resolved:
That the verbal update be noted.