Pension Committee Reports

6 FEBRUARY 2008

Pension Fund - Actuarial Valuation (PDF - 56 KB)

This report notes that the latest draft of the actuary’s report on the triennial actuarial valuation of the London Borough of Bexley ’s pension fund has now been received and summarises the outcome of the valuation. It also proposes a Funding Strategy Statement (FSS) for adoption. Link to FSS (PDF - 65 KB)

18 DECEMBER 2007

Pension Fund Investment Report to 30 September 2007 (PDF - 48 KB)

This report notes the performance of the balanced fund managers (Newton and UBS) for the 6 months to 30 September 2007. The relative risk profiles adopted by each manager are also reported

Actuarial Valuation as at 31 March 2007 – Update (PDF - 30 KB)

This report summarises the latest position on the actuarial valuation of the Pension Fund. A further meeting of the Committee is suggested for January/February 2008 at which the final results will be presented.

29 NOVEMBER 2007

Governance Compliance Statement (PDF - 42 KB)

This report provides details of the guidance provided to Local Government Pension Scheme administering authorities on the contents of the Governance Compliance Statement

Private Equity and Hedge Fund Managers (PDF - 33 KB)

Representatives from Bexley ’s private equity and hedge fund managers will provide Members with an update of their strategies and performance at this meeting.

This report reminds Members of the background on these investments and provides the latest available information on performance.

2 JULY 2007

Request for Admission to the Council’s Pension Scheme

This report considers a request for staff to be transferred to Kier Limited to be admitted to the London Borough of Bexley ’s Pension Scheme.  This is as a result of a transfer of the grounds maintenance and cemeteries service to Kier Limited from Bexley Trading Services. The staff have been offered membership of the Kier Pension Scheme which has been assessed as broadly comparable by Bexley ’s actuary. In offering this pension Bexley have complied fully with the governmental best practice regarding the transfer of staff and pension issues.

Pension Fund Investment Performance 2006/2007

This report presents a background summary to the presentation that will be made to the Committee by a representative from the performance measurement company, WM, who will attend the meeting to comment more fully on performance

Annual Report on Redundancy, Severance and Early Termination 2006/07

This report details the numbers, costs and savings of redundancy, severance and early terminations for 2006/07 and assesses the effectiveness of Bexley ’s existing early termination policies.

5 APRIL 2007

Private Equity and Hedge Fund Managers

Representatives from London Borough of Bexley ’s private equity and hedge fund managers will provide Members with an update of their strategies and performance at this meeting.

This report reminds Members of the background on these investments.

Local Government Pension Scheme - Regulations Update

This report provides an update on proposed changes to the terms of the Local Government Pension Scheme and administration regulations.