Decision Maker: Flintshire County Council
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
To establish a joint committee to govern
pooled investment of the eight pension funds in Wales.
(a) That the content of the draft Inter Authority Agreement attached at Appendix B to the report be noted and authority delegated to the Chief Executive in consultation with the Chair of the Clwyd Pensions Committee and the Monitoring Officer to:
· agree any further minor amendments to the IAA; and
· approve and sign the final version of the IAA.
(b) To establish a joint committee (hereinafter referred to as the Joint Governance Committee) on the basis of the terms of reference attached to the report within the proposed Constitution amendments;
(c) That the exercise of certain functions be delegated to the Joint Governance Committee as detailed within the proposed Constitution amendments;
(d) That the functions reserved to Council be noted, and all matters delegated to the Clwyd Pension Fund Committee apart from the termination or significant amendment of the Inter Authority Agreement;
(e) That the appointment of the Chair of the Clwyd Pension Fund Committee to the Joint Governance Committee as the Flintshire County Council representative and the Vice-Chair of the Clwyd Pension Fund Committee as his/her nominated Deputy, be approved;
(f) That delegation be provided to the nominated representative and his/her Deputy to act within the terms of reference of the Joint Governance Committee to enable the exercise of any delegated function;
(g) That Carmarthenshire County Council (Dyfed Pension Fund) acts as the host authority with the responsibilities set out in the Inter Authority Agreement; and
(h) That the amendments to the Constitution as set out in Appendix A to the report, be approved.
Report author: Philip Latham
Publication date: 23/03/2017
Date of decision: 01/03/2017
Decided at meeting: 01/03/2017 - Flintshire County Council