Issue - meetings

(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.

The Chief Executive presented the report on the Inter Authority Agreement setting out appropriate governance arrangements for the pooling of pensions investments with the other seven Wales Local Government Pension Schemes (LGPS), with responsibilities to be delegated to a Joint Governance Committee.

Due to the pace of the issue, the recommendations of a verbal report had been supported by the Constitution Committee to seek endorsement at Council.  The Chief Executive expressed appreciation for the work of the Clwyd Pension Fund Manager and Pensions Finance Manager, along with the decision by Carmarthenshire Council to take on the role as host authority for the Wales Investment Pool.

As Chair of the Clwyd Pension Fund Committee, Councillor Alan Diskin confirmed that the recommendations had been supported.

RESOLVED:

(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.