Agenda item

The Committee considered a report of the Corporate Director of Resources which provided Members with information on the performance of the Pension Fund’s short term investments as at 31 December 2016 (for copy see file of Minutes).

Councillor Davinson was pleased to note that the average return earned for the quarter was above the Bank of England base rate.

Resolved:

That the position as at 31 December 2016 regarding the Pension Fund’s short term investments where £9,262 net interest was earned in the three month period be noted.