Duncan Eastoe

Surrey Pension Fund Committee

the Surrey Pension Fund Committee of Surrey Council

The meeting of the Surrey Pension Fund Committee was scheduled to include discussions about the Government’s Pension Review, updates from the Local Pension Board and an overview of the performance of the Surrey Pension Team in quarter two of 2024/25.

Surrey Pension Fund Committee

Surrey Pension Fund Committee - Friday, 13 September 2024 11.15 am

The Committee supported the proposed changes to the Council's Pension Fund Committee Terms of Reference and Scheme of Delegations. This decision reflects the ongoing project of ensuring that the Surrey Pension Fund is autonomous and appropriately ring-fenced from Surrey County Council, even though it is a wholly-owned entity. The committee heard a presentation from CEM Benchmarking on the fund's costs and returns relative to other pension funds. The committee noted their satisfaction at the successful application to become a signatory to the UK Stewardship Code. They also approved the fund's Task Force on Climate-related Financial Disclosures report.