Agenda item

Local Government Pension Scheme - Asset Pooling through the Border to Coast Pensions Partnership - Report of Corporate Director of Resources

Minutes:

The Council considered a report of the Corporate Director of Resources which recommended an approach which ensured that the Council as Administering Authority of the Durham County Council Pension Fund (‘the Durham Pension Fund’), part of the Local Government Pension Scheme (LGPS), could meet the regulatory requirement for pension fund asset pooling by participating in the Border to Coast Pensions Partnership (“BCPP”) and to authorise consequential changes to the constitution in respect of the operation of the Council’s Pensions Committee (for copy see file of Minutes).

 

Moved by Councillor M Davinson, Seconded by Councillor N Martin and

 

Resolved:

That the recommendations contained in the report be approved.

Supporting documents: