Resolved –

That the minutes of the West Yorkshire Pension Fund Investment Advisory Panel held on 30 January 2020 were considered.

                                                            (Rodney Barton – 01274 432317)

Resolved –

That the public be excluded from the meeting during the

consideration of the items relating to minutes of the West

Yorkshire Pension Fund Investment Advisory Panel meeting

held on 30 January 2020 because the information to be considered is exempt information within paragraph 3 (Financial or Business Affairs) of Schedule 12A of the Local Government Act 1972.  It was also considered that it is in the public interest to exclude public access to this item.

Resolved-

That the Internal Audit Plan for 2020/21 was reviewed and approved.

Action:           Director of Finance

                                                            (Mark St Romaine - 01274 432888)

Resolved-

That the report and the changes to the Treasury Management Policy, detailed in paragraph 7 of Document “AG”, be received and referred to Council for adoption.

Action:  Director of Finance

                                                                        (David Willis – 01274 432361)

Resolved-

(1) That the changes to the Treasury Management Strategy (Document “AF1”) be received and  referred to Council for adoption.

(2)  That the changes in Section 6b and 7.6 of Document “AF1” agreed under Officer Delegation Powers in accordance with emergency provision within the Council’s Constitution be noted.

Action:           Director of Finance

                                                                        (David Willis – 01274 432361)

Resolved-

That the report (Document “AE”) was considered.

                                                            (Mark Outterside – 0191 383 6300)

Resolved-

That the Committee considered and approved the Audit Strategy Memorandum for the City of Bradford Metropolitan District Council (Document “AD”).

Action:           External Audit

                                                            (Mark Outterside – 0191 383 6300)

Resolved-

That the Committee considered and approved the Audit Strategy Memorandum for the West Yorkshire Pension Fund for 2019/20 (Document “AC”).

Action:           External Audit

                                                (Sharon Liddle – 0191 3836300)

Resolved-

That the minutes of the West Yorkshire Pension Fund Local Pension Board held on 17 December 2019 were considered.

                                                (Caroline Blackburn – 01274 434523)

Resolved –

That the report be noted.

ACTION: Director, West Yorkshire Pension Fund

Resolved –

That the entries on the Register of Breaches of Law be noted.

ACTION: Director, West Yorkshire Pension Fund

Resolved –

That the Pension Communication Policy, appended to Document “AA”,  report be noted.

ACTION: Director, West Yorkshire Pension Fund

Resolved –

That the report be noted.

ACTION: Director, West Yorkshire Pension Fund

Resolved –

That the report be noted.

ACTION: Director, West Yorkshire Pension Fund

Resolved –

That the minutes of the WYPF JAG meeting held on 30 January 2020 be  noted.

ACTION: Director, West Yorkshire Pension Fund

Members are requested to review the minutes of the WYPF JAG meeting held on 30 January 2020.

(Rodney Barton - 1274 432317

Resolved –

That Not for Publication Document “AH” be noted.

ACTION: Director, West Yorkshire Pension Fund

That the Not for Publication minutes of the Investment Advisory Panel on 7 November 2019 and 30 January 2020 contained in Not for Publication Document “AG” be noted.

ACTION: Director, West Yorkshire Pension Fund

No resolution was passed on this item.

Resolved –

That the work plan of regular reports appended to Document “AE” be approved.

ACTION: Director, West Yorkshire Pension Fund

Resolved –

That the five risks and action plans to manage and mitigate those risks, contained in Document “AD” be noted.

ACTION: Director, West Yorkshire Pension Fund

Resolved –

1.    That it be noted that the Investment Advisory Panel meeting of 21 April 2020 was cancelled.

2.    That the Not for Publication notes of a briefing meeting attended by the Chair and Deputy Chair of the Investment Advisory Panel on 30 April 2020, appended to Document “G”, be noted.

ACTION: Director, West Yorkshire Pension Fund

No resolution was passed on this item.

Resolved –

1.    That the total service budget of £14.85m approved for 2020/21 by the Joint Advisory Group in January 2020 be noted.

2.    That the total pension cost per member of £34.46 for 2018/19 (2017/18 £36.45) making WYPF the lowest cost LGPS scheme for 2018/19 be noted.

ACTION: Director, West Yorkshire Pension Fund

Resolved –

That the report be noted.

ACTION: Director, West Yorkshire Pension Fund

Resolved –

That the entries on the Register of Breaches of Law be noted.

ACTION: Director, West Yorkshire Pension Fund

Resolved –

That the report be noted.

ACTION: Director, West Yorkshire Pension Fund

Resolved –

That the report be noted.

ACTION: Director, West Yorkshire Pension Fund