Issue - meetings

The Committee had before it a report by the Director of Resources which provided an update on any changes to the North East Scotland Pension Fund and the Aberdeen City Council Transport Fund.

The report provided a final update on the issuing of the annual benefit statements, noting that the project had now been successfully completed; a reminder about the training available to Members on the Hymans Learning Academy; information on documents which had been updated as part of the annual governance review process, namely the Conflicts of Interest Policy (minor changes to improve readability) and the Breaches of Law Policy (very minor changes to improve readability); and included a request for approval for officer travel overseas to various Advisory Committees.

The report recommended:-

that the Committee –

(a)      note the final outcome of the annual benefit statement project, which was completed successfully, for assurance (6.2 of the main report);

(b)      note the updates to the Fund Policy documents as set out in 6.4;

(c)      approve the travel for one Advisory Committee Officer (Pension Fund Manager or suitable Officer substitute) to attend the following Advisory Committee (as per item 6.5):

·       RCP, June 2023, Chicago

·       Unigestion, June 2023, Milan Italy

·       HarbourVest, December 2023, Boston; and

(d)      delegate authority to the Chief Officer – Finance, following consultation with the Convener of the Pensions Committee, to approve travel for one Advisory Committee Officer (Pension Fund Manager or Suitable Officer Substitute) to attend the following Advisory Committee meetings once locations and times had been confirmed:

·       Partners Group, March 2023, location to be confirmed

·       Blackrock, April 2023, location to be confirmed

·       IFM, date and location to be confirmed

·       Blackrock, date and location to be confirmed

The Committee resolved:-

to approve the recommendations.