Agenda item

Consideration was given to the report of the Corporate Director, Resources which informed Members of the review of the Funding Strategy Statement (FSS) and Statement of Investment Principles (SIP), and sought approval to consult all relevant interested parties on their contents (for copy see file of Minutes).

Councillor Carr referred to the proposals for collective Pension Funds as announced in the Queen’s Speech. The Member was advised that this related to defined contribution pension schemes and did not affect the LGPS.

Resolved:

(i)            the contents of the revised Pension Fund’s policy documents be approved;

(ii)          the documents be circulated to all relevant interested parties to consult on their contents, and a report be considered at the next meeting following the consultation.