Agenda item

The Committee considered a report of the Corporate Director of Resources which informed Members of the overall value of the Pension Fund as at 31 December 2016, and of any additional sums available to the Managers for further investment or amounts to be withdrawn from Managers (for copy see file of Minutes).

Following a question from Councillor Martin, Nick Orton explained that set up costs in relation to the pooling of investments were shared between all authorities in the Partnership and were not reflected in the cash flow position.

Resolved:

That the information contained in the report be noted.