Issue - meetings

Liz Firmstone, Finance Service Manager (Transformation) confirmed that as agreed at the November 2019 meeting, independent consultant, Ian Coleman has completed this review.  This report highlights his findings.

The main conclusion from the report is that the current costs associated with the Warwickshire Pension Fund are suitable for a fund of this size, although they are above the average.  It was noted that there are variations that need to be reviewed.  Some component costs included Fire Pension costs which should not have been included and once they are removed the component costs are more acceptable. 

The Board thanked officers for the encouraging report and stated that they looked forward to further updates.