Pension Committee (Wirral Council) 20th November 2012 Part 3

Part 3 of the report on the Pension Committee’s (Wirral Council) meeting of the 20th November 2012 which manages the Merseyside Pension Fund.

Continued from Pension Committee (Wirral Council) 20th November 2012 Part 2.

The next item on the agenda was the gifts and hospitality policy, Peter Wallach spent five minutes summarising the report. At the end the Chair asked if there were any questions. Nobody asked any questions and the recommendations were agreed.

The next report was an update on work on the Cunard Building. Cllr Hornby wanted a working party set up and for the committee to agree to a working party being created. Cllr Harry Smith said he would second it if Cllr Hornby added if needed. Cllr Adrian Jones said it was sensible and he would go along with it. Cllr Harry Smith said he would support a working party if needed. Cllr Hornby said that he was trying to save time and not wait till next year. Cllr Harry Smith said he wouldn’t name the officer, but the unnamed officer had said that they would make a decision, he said he was not happy with officers making decisions before councillors. The Chair asked for a vote. All voted in favour of a working party.

Peter Wallach said a report was expected at the end of the month, the next committee meeting was in January so there would be a working party by Christmas.

The next report was on the LGC Investment Conference. The officer said it was in the supplementary papers as it had a title similar to a previous agenda item which had been incorrectly duplicated. The investment conference in Chester was seen as an important element of their training and costs would be met from the training budget.

Cllr Harry Smith said he had discussed this at the briefing, he said this training opportunity should be open to members of the Pension Committee. The Chair agreed that training was important. There was a vote and it was agreed that people would be sent at a cost of £425 + VAT (which included a nights accommodation in Cheshire) + travel.

The application from Mellors Catering Services Ltd which had been agreed under delegated decision-making by officers was agreed.

The Chair asked if there were any objections to the Investment Working Party minutes. No objections were made. The press and public were excluded from the rest of the meeting.