Agenda item

Consideration was given to the report of the Corporate Director, Resources which sought to review the role of the Pension Fund Committee and summarised the activities and achievements in 2014/2015 that demonstrated how the Committee had fulfilled its role in order to be able to complete a self-assessment in line with the Terms of Reference (for copy see file of Minutes).

Members considered the process for self-assessment; whether additional information and/or reports were required and whether any training requirements had been identified.

Don McLure advised that the proposed training session identified for new Members would also be a useful tool to inform the self-assessment process. Councillor Martin suggested that training could also provide an opportunity to look at other key areas such as the FSS and SIP, how the Authority approached ethical investments and how the new global investment managers were working.

David Ford concurred with the views of Councillor Martin which he felt might help to inform the Committee of reports it wished to receive in future. He suggested that Members be forwarded the report and be asked to consider each of the recommendations listed in paragraph 26.

Resolved:

That the report be circulated to Members of the Committee to give consideration to the recommendations listed in paragraph 26, and comments be forwarded to Hilary Appleton, Strategic Finance Manager – Corporate Finance.  A further report to be submitted to the next meeting of the Committee.