Agenda item

Consideration was given to the report of the Corporate Director, Resources which gave details of the Pension Fund’s short term investments for the quarter ended 30 June 2013 (for copy see file of Minutes).

A general discussion ensued regarding Bank Deposit Accounts and following questions from Members the Committee was advised that the amount invested with the Co-operative Bank was small but was being monitored closely.

Resolved:

That the position at 30 June 2013 regarding the Pension Fund’s short term investments be noted.