Meeting documents

            Meeting: Pension Fund Committee (County Hall, Durham - Committee Room 2 - 28/04/2008 10:00:00 AM)

                  Item: A1 Minutes

         

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At a Meeting of the Pension Fund Committee held at the County Hall Durham on Monday 28 April 2008 at 10.00 a.m.


Present:
Members:
Councillors Carr, Coates, Martin, Ord, and Pye

District Council Members nominated by the Durham County District Councils Association:
Councillor D Jackson


Advisers:

County Council Officers:
County Treasurer - Mr S Crowe
Principal Accountant - Mrs H Appleton
Assistant Head of Legal Services - Mrs C Longbottom

Independent Advisers:
P J Williams - Mr P J Williams
P Solve Asset Solution - Mr T Pike

Staff Observers:
Mr N Hancock UNISON


A1 Minutes

The Minutes of the meetings held on Monday 28th January were confirmed as a correct record and signed by the Chairman.


A2 Graphs Showing Movements in Stock and Share Indices since
The County Treasurer submitted graphs showing movements in the Financial Times All Share UK Equities Index, Government Bond Index and Government Bonds Index Linked Index since 1 April 2007 (for copy see file of Minutes).


A3 Graphs Showing Movements in Stock and Share Indices since The County Treasurer submitted graphs showing movements in the FTA World Index - Japan, FTA World Index - North America, FTA World Index - Europe and FTA World Index - Pacific Ex-Japan since 1 April 2007 (for copy see file of Minutes).


A4 Quarter 1 Performance Monitoring

The Committee considered a report of the County Treasurer to delegate authority to the County Treasurer to review the performance of the Investment Managers for the quarter ended 31st March 2008 (for copy see file of Minutes).

In response to a request from a Member of the Committee, the County Treasurer confirmed that a cashflow report is available.

Resolved:
That the report and the recommendation included therein be approved.


A5 Investment Guidelines

The Committee considered a report of the County Treasurer to seek agreement to amend the Pension Fund’s investment guidelines (for copy see file of Minutes).

Resolved:
That the report and the recommendation included therein be approved.


A6 New-look Local Government Pension Scheme - Administering Authority Discretions

The Committee considered a report of the County Treasurer requesting agreement for the operation of a number of discretions the Council has as an Administering Authority under the New-look Local Government Pension Scheme (for copy see file of Minutes).

Resolved:-
That the report and the recommendation included therein be approved.


Attachments

 Minutes 28 April 2008.pdf