Pension Fund Committee


The Brierley Room, County Hall, Northallerton, DL7 8AD


Friday, 27 May 2022


10.00 am


John Weighell (Chairman), Margaret  Atkinson, Sam Gibbs, George Jabbour, David Noland, Neil Swannick, Angus Thompson, Matt Walker, Peter Wilkinson and  Andrew Williams


Christian Vassie, City of York Council

Patrick Mulligan – North Yorkshire District Councils

David Portlock - Chair of Pension Board (Non-Voting)

Brian Hazeldine, UNISON







Exclusion of the Public and Press




To consider the exclusion of the public and press from the meeting during consideration of item 3(b) – Confidential Minutes - on the grounds that they include the likely disclosure of exempt information as defined in paragraph 3 of Part 1 of Schedule 12A to the Local Government Act 1972 as amended by the Local Government (Access to information)(Variation) Order 2006





Welcome, introductions and apologies






Minutes of the Committee Meeting held on 4th March 2022


(Pages 5 - 12)




Confidential Minutes of the Meeting held on 4th March 2022


(Pages 13 - 18)




Appointment of Vice-Chairman






Declarations of Interest






Public Questions or Statements




Members of the public may ask questions or make statements at this meeting if they have given notice (including the text of the question/statement) to Steve Loach of Democratic Services (contact details at the foot of page 1 of the Agenda sheet) by midday on Tuesday 24th May 2022.  Each speaker should limit themselves to 3 minutes on any item.  Members of the public who have given notice will be invited to speak:-


•           at this point in the meeting if their questions/statements relate to matters which are not otherwise on the Agenda (subject to an overall time limit of 30 minutes);


•           when the relevant Agenda item is being considered if they wish to speak on a matter which is on the Agenda for this meeting.        


If you are exercising your right to speak at this meeting, but do not wish to be recorded, please inform the Chairman who will instruct those taking a recording to cease while you speak.





Pensions Administration Report - Report of the Treasurer


(Pages 19 - 38)




Performance of the Fund - Report of the Investment Consultants, AON


(Pages 39 - 88)




Pension Board - Minutes of the Meeting held on 7th April 2022 - Report back by Chair of the Pension Board


(Pages 89 - 98)




Such other business as, in the opinion of the Chairman should, by reason of special circumstances, be considered as a matter of urgency






Barry Khan

Assistant Chief Executive

(Legal and Democratic Services)


County Hall



Thursday, 19 May 2022




Formatting for Agenda ITEMS:









Formatting for COMMENTS:












Formatting for Sub numbered items:









If different formatting for Restricted items is required use this:









Style 2 – use this if you need more than one formatting style for Agenda Items