Agenda

To provide Committee with the audited Clwyd Pension Fund Annual Report and Accounts, and the Letter of Representation for approval, and note the external audit report.

To provide Committee with an update on recent national developments impacting the Clwyd Pension Fund, including the Autumn Budget and the proposed HMT Pensions Review reforms relating to the LGPS as announced at the Mansion House speech, including plans for responding to the LGPS consultation relating to the HMT Pension Review reforms.

To provide Committee with an update on the Fund’s investment exposure to business enterprises listed on the United Nations Office of the High Commissioner for Human Rights (UN OHCHR) database and review of Palestine Solidarity Campaign analysis, and agree any further action.

To provide Committee with the proposed Taskforce for Climate-Related Financial Disclosures (TCFD) Report, the one page member infographic and the analysis from the Analytics for Climate Transition (ACT), and to review and agree updates to the Fund’s climate related targets.

To provide Committee with an update on governance related matters.

To provide Committee with a summary update on administration and communication matters.

To provide Committee with an update on investment matters and the Wales Pension Partnership (WPP), and to agree engagement with WPP regarding investments with Pemberton Asset Management.

To provide Committee with an economic and market update, the current funding position, and the investment performance of the Fund.

To update Committee on supplier contracts, including requesting approval for the appointment of the Independent Adviser and consider the extension of the Actuarial and Benefits Consultancy contract.

Confidential Appendix to Investment and Funding Update