Agenda

1.1        The Convener will check to ensure a quorum is in attendance to ensure the meeting can proceed.

Including any notices of motion and any other items of business submitted as urgent for consideration at the meeting.

Members of the Committee and members of the Pension Board should declare any financial and non-financial interests they have in the items of business for consideration, identifying the relevant agenda item and the nature of their interest.

If any

Minute of the Pensions Committee of 05 December 2023 – submitted for approval as a correct record

Revised Minute of the Pensions Committee of 27 September 2023 – submitted for approval as a correct record.

Action Tracker (circulated)

Governance Update – report by the Company Secretary, Lothian Pension Fund (circulated)

Referrals and Recommendations from Pensions Audit Sub-Committee

Funding Strategy Statement Update – report by the Chief Finance Officer, Lothian Pension Fund (circulated)

Actuarial Valuation for Lothian Pension Fund – report by the Chief Finance Officer, Lothian Pension Fund (circulated)

Actuarial Valuation for Scottish Homes – report by Chief Finance Officer, Lothian Pension Fund (circulated)

Investment Strategy Review – report by Chief Investment Officer, Lothian Pension Fund (circulated)

2023/24 Business Plan and Budget Update, report by Chief Finance Officer, Lothian Pension Fund (circulated)

2024-5 Strategy & Business Plan Inc. Functional Plan and Budget – report by Chief Finance Officer, Lothian Pension Fund (circulated)

Lothian Pension Fund – Proposed Internal Audit plan for 2024/25 – report by the Head of Internal Audit, City of Edinburgh Council (circulated)

External Audit Annual Plan 2023/24 by Azets – report by the External Auditor, Azets

Cost Benchmarking, report by the Chief Investment Officer, Lothian Pension Fund (circulated)

Risk & Compliance Update, report by the Chief Risk Officer, Lothian Pension Fund (circulated)

This Committee:

Agrees that the briefing requested on 5 December concerning Lothian Pension Fund holdings in companies with involvement in Israel/Gaza, and circulated to committee members on 13 February, is made public.

The Committee is requested under Section 50(A)(4) of the Local Government (Scotland) Act 1973 to exclude the public from the meeting for the following items of business on the grounds that they would involve the disclosure of exempt information as defined in Paragraphs 3, 6 and 8 of Part 1 of Schedule 7A of the Act.

Employers Participating in Lothian Pension Fund – report by Chief Operations Officer, Lothian Pension Fund (circulated)