Issue - meetings

Investment update

Meeting: 26/01/2021 - Warwickshire Local Pension Board (Item 6)

6 Investment Update pdf icon PDF 346 KB

Minutes:

Chris Norton, Strategy and Commissioning Manager (Treasury, Pensions, Audit, Insurance, and Risk) presented this report which provided a governance-based overview of the Pension Fund’s investment activities.  He commented that the value of the Fund’s assets had increased from £2.2bn as at 30 June 2020 to £2.3bn as at 30 September 2020, the Fund’s cashflow position remained balanced, the National Knowledge Assessment had recently been undertaken by officers and members which would be used to inform training needs, the Fund had issued its compliance statement in accordance with the Competition and Markets Authority’s requirement to have Investment Consultant Objectives in place and a procurement process had commenced for the reletting of contracts for Independent Financial Advisors.  He particularly drew attention to section 3 of the report which dealt with asset allocation.

 

Resolved – that the Board noted the report