Pete Smith

Pensions Committee

Pensions Committee - Wednesday 16th October 2024 6.30 p.m.

The committee heard a presentation from Dr Barry McKay from Fathom Financial Consulting[^2] on the current state of the Global Economy. The committee also received a report on the administration of the Newham Pension Fund and approved the 2024-25 budget of £0.973m for the Local Pension Partnership Administration (LPPA)[^3]. The committee decided to approve the investment of c. £150m in the new LCIV Global Active Equity Value Fund[^4], financed by a c. £30m reduction in the LCIV Global Focus Fund and a c. £120m reduction in the LGIM Paris Aligned Global passive equity fund.

Pensions Committee

Pensions Committee - Wednesday 24th July 2024 7.00 p.m.

The Pensions Committee noted updates on the Newham Pension Fund's administration, business plan and investment strategy. They also agreed to consult on a draft revised Investment Strategy Statement, which includes details on how the fund will meet its six investment and governance objectives.