Agenda and minutes

RESOLVED that the Minutes of the meeting held on 3 July 2009 are correctly recorded and that they be signed by the Chairman.

(Mr G Brown of the Audit Commission was in attendance for this item)

(1)               Mr G Brown reported verbally that the 2008/09 Superannuation Fund Audit had been completed and that the Audit Commission was happy with the outcome of its findings.

(2)               RESOLVED that the verbal report be noted.

(report by the Director of Finance)

(1)               Members were asked to decide whether they wanted Cash managed with KCC funds or a Segregated Cash Portfolio.

(2)               Mr J E Scholes moved, Mr J Burden seconded that Cash should be managed with KCC funds.

Carried

(3)               RESOLVED that Cash be managed with KCC funds.

(report by the Director of Finance)

RESOLVED that:-

(a)               the Committee supports the Financing Plan Proposal contained in the draft response in Appendix 2 of the report;

(b)               the Committee supports the view contained in the draft response in Appendix 4 of the report that the Medway Council representative should have voting rights; and

(c)               the Director of Finance be delegated responsibility for finalising the response in consultation with Mr J E Scholes.

(report by the Director of Finance)

RESOLVED that the report be noted.

(report by the Director of Finance)

RESOLVED that:-

(a)               the applications for admission to the Kent County Council Pension Fund by MyTime Active, Twinkletoes Nursery and The Avenues Trust be agreed;

(b)               legal agreements be entered into in respect of Thanet Community Housing Association/Orbit and Swale Housing Association;

(c)               subject to the agreement from all parties to the original admission agreement a Deed of Modification be entered into in respect of Mitie and Compass Group UK Limited; and

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

(Open Access to Minutes)

RESOLVED that the Minutes of the meeting held on 3 July 2009 are correctly recorded and they be signed by the Chairman.

(Mr G Day and Ms S Noffke were in attendance for this item)

RESOLVED that the report be noted.

(Where Access to Minutes Remains Restricted)

(report by the Director of Finance)

The Committee agreed issues relating to the structure and management of the Fund.

(report by the Director of Finance)

The Committee agreed changes to the Fixed Income mandates of the Fund.

(report by the Director of Finance)

The Committee noted and agreed options relating to the Fund’s allocation to Alternative Investments.