Issue - meetings

Chris Norton, Strategy and Commissioning Manager (Treasury, Pension, Audit & Risk) presented the report to the Sub-Committee which includes the business plan for the next twelve months including a review of the value of the investments which have been continually increasing. 

It was noted that the business plan covers all activity to do with the fund –administration and investments.  The Sub-Committee agreed that there was flexibility within the plan and that it seems robust and straightforward.

Karen Shackleton, Independent Investment Adviser suggested that the Sub-Committee looked at including climate change into their training plan and to ensure that it is regularly reviewed so that the Sub-Committee fully understands the profile of climate change, sustainable development and that climate action is a priority.  The Sub-Committee agreed that climate change was increasingly important and a growing topic; training on this area was an opportunity not to be missed.

Resolved

The Pension Fund Investment Sub-Committee comments on and notes the Business Plan.