Agenda and minutes

Financial Investment Board - Wednesday, 30th June, 2021 1.45 pm

Venue: https://youtu.be/Nh26BJ3ak2A

Contact: Joseph Anstee
tel. no.: 020 7332 1480  Email: joseph.anstee@cityoflondon.gov.uk

Items
No. Item

1.

Apologies

 ...  view the full agenda text for item 1.

Minutes:

Apologies for absence were received from Ian Seaton.

 ...  view the full minutes text for item 1.

2.

Members' Declarations under the Code of Conduct in respect of items on the agenda

 

 ...  view the full agenda text for item 2.

Minutes:

There were no declarations.

 ...  view the full minutes text for item 2.

3.

Minutes of the previous meeting pdf icon PDF 116 KB

To agree the public minutes and non-public summary of the meeting held on20 May 2021.

 ...  view the full agenda text for item 3.

Minutes:

RESOLVED - That the public minutes and non-public summary of the meeting held on 20 May 2021 be agreed as a correct record.

 ...  view the full minutes text for item 3.

4.

Outstanding Actions pdf icon PDF 38 KB

Report of the Town Clerk

 ...  view the full agenda text for item 4.

Minutes:

There were no public outstanding actions.

 ...  view the full minutes text for item 4.

5.

Treasury Management Update as at 31 May 2021 pdf icon PDF 324 KB

Report of the Chamberlain

 ...  view the full agenda text for item 5.

Additional documents:

Minutes:

The Board received a report of the Chamberlain providing a summary of the City of London Corporation’s treasury management portfolio (investments) as at 31 May 2021. The Chamberlain introduced the report and drew Members’ attention to the key points, as well as the updated cashflow forecast information. Mercer advised that the Bank of England may raise interest rates towards the end of 2022 if certain targets were met.

 

RESOLVED – That the report be noted.

 ...  view the full minutes text for item 5.

6.

Questions on matters relating to the work of the Committee

 ...  view the full agenda text for item 6.

Minutes:

There were no questions.

 ...  view the full minutes text for item 6.

7.

Any Other Business that the Chairman considers urgent

 ...  view the full agenda text for item 7.

Minutes:

There was no other business.

 ...  view the full minutes text for item 7.

8.

Exclusion of the Public

MOTION - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act.

 ...  view the full agenda text for item 8.

Minutes:

RESOLVED - That under Section 100(A) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part I of the Schedule 12A of the Local Government Act.

 

Item No.                                                          Paragraph(s) in Schedule 12A

9 - 15                                                                                       3

16 - 17                                                                                     -

 ...  view the full minutes text for item 8.

9.

Non-public minutes of the previous meeting

To agree the non-public minutes of the meeting held on 20 May 2021.

 ...  view the full agenda text for item 9.

Minutes:

RESOLVED - That the non-public minutes of the meeting held on 20 May 2021 be agreed as a correct record.

 ...  view the full minutes text for item 9.

10.

Non-Public Outstanding Actions

Report of the Town Clerk

 ...  view the full agenda text for item 10.

Minutes:

The Board received a list of non-public outstanding actions.

 ...  view the full minutes text for item 10.

11.

Investment Performance Monitoring Reports

 ...  view the full agenda text for item 11.

Minutes:

 

 ...  view the full minutes text for item 11.

11a

Performance Monitoring to 31 May 2021: Pension Fund

Report of the Chamberlain

 ...  view the full agenda text for item 11a

Minutes:

The Board received a report of the Chamberlain.

 ...  view the full minutes text for item 11a

11b

Performance Monitoring to 31 May 2021: City's Cash

Report of the Chamberlain

 ...  view the full agenda text for item 11b

Minutes:

The Board received a report of the Chamberlain.

 ...  view the full minutes text for item 11b

11c

Performance Monitoring to 31 May 2021 Bridge House Estates

Report of the Chamberlain

 ...  view the full agenda text for item 11c

Minutes:

The Board received a report of the Chamberlain.

 ...  view the full minutes text for item 11c

12.

Year 1 Plan for Climate Action

Report of the Director of Innovation and Growth and the Chamberlain

 ...  view the full agenda text for item 12.

Minutes:

The Board received a report of the Chamberlain.

 ...  view the full minutes text for item 12.

13.

Pension Fund Property - Proposed Top Up

Report of the Chamberlain

 ...  view the full agenda text for item 13.

Minutes:

The Board considered a report of the Chamberlain.

 ...  view the full minutes text for item 13.

14.

Sir William Coxen Trust Fund

 ...  view the full agenda text for item 14.

Minutes:

 

 ...  view the full minutes text for item 14.

14a

Sir William Coxen Trust Fund Performance Monitoring to 31 March 2021

Report of the Chamberlain

 ...  view the full agenda text for item 14a

Minutes:

The Board considered a report of the Chamberlain.

 ...  view the full minutes text for item 14a

14b

Sir William Coxen Trust Fund - Review of Investment Arrangements

Report of the Chamberlain

 ...  view the full agenda text for item 14b

Minutes:

The Board considered a report of the Chamberlain.

 ...  view the full minutes text for item 14b

15.

Hampstead Heath Trust & Charities Pool Investment Performance Monitoring to 31 March 2021

Report of the Chamberlain

 ...  view the full agenda text for item 15.

Minutes:

The Board received a report of the Chamberlain.

 ...  view the full minutes text for item 15.

16.

Non-public questions on matters relating to the work of the Committee

 

 ...  view the full agenda text for item 16.

Minutes:

There were no non-public questions.

 ...  view the full minutes text for item 16.

17.

Any Other Business that the Chairman considers urgent and which the Committee agree should be considered whilst the public are excluded

 

 ...  view the full agenda text for item 17.

Minutes:

There was one item of other business.

 ...  view the full minutes text for item 17.