Agenda and minutes

RESOLVED that the minutes relating to unrestricted items of the meeting held on 18 May 2012 are correctly recorded and that they be signed by the Chairman.

RESOLVED that the minutes relating to exempt items of the meeting held on 18 May 2012 are correctly recorded and that they be signed by the Chairman.

(1) Mr H Ferrand and Mr W Deer of Invesco Perpetual were in attendance for this item in order to give a presentation and answer questions from Committee members.

- Report by the Chairman of the Superannuation Fund Committee and the Corporate Director of Finance and Procurement)

The Committee agreed a number of issues relating to the Fund Structure.

The Committee confirmed its policy regarding Ethical Investments.

Report by the Chairman of the Superannuation Fund Committee and the Corporate Director of Finance and Procurement)

RESOLVED that:-

(a)  the Head of Financial Services be authorised to look at how other investment managers are performing; and

(b)     the report be noted.

- Report by the Chairman of the Superannuation Fund Committee and the Corporate Director of Finance and Procurement)

RESOLVED that:-

(a)     the report be noted; and

(b)  authority be delegated to the Corporate Director of Finance and procurement in Consultation with the Chairman and Vice Chairman to make any arrangements deemed  to be necessary to protect the Fund’s cash holdings.

Report by the Chairman of the Superannuation Fund Committee and the Corporate Director of Finance and Procurement)

RESOLVED that the report be noted.

Report by the Chairman of the Superannuation Fund Committee and the Corporate Director of Finance and Procurement.The Pension Manager Mr P Luscombe was in attendance for this item)

RESOLVED that;

(a)     the contents of the report be noted;:

(b)   agreement be given to Kent being the lead authority to the Pension Scheme administration software framework agreement and that the cost of the project be shared with the other founder members; and

(c)   agreement be given to the appointment of West Yorkshire Pension Fund to act as the appointed person in the resolution of disputes with the Kent Pension Fund.

- Report by the Chairman of the Superannuation Fund Committee and the Corporate Director of Finance and Procurement)

RESOLVED that:-

(a)   the admission to the Kent County Council Pension Fund of Roffa Limited be agreed:

(b)   the admission to the Kent County Council Pension Fund of Innovate Services Limited  be agreed;

(c)   the admission to the Kent County Council Pension Fund of the third bidder for the Oakwood House contract be agreed;

(d)  the withdrawal of Principal Catering Consultants Limited ( re Upton Junior School) as a participating employer in the Pension Fund be noted; and

(e)  once legal agreements have been prepared for the matters referred to in (a) to (d) above, the Kent County Council seal can be affixed to the legal documents.