Agenda item

Pension Fund Policy Documents - Funding Strategy Statement and Investment Strategy Statement

Minutes:

The Committee considered a report of the Corporate Director of Resources which informed Members of the draft revised Funding Strategy Statement (FSS) and the new Investment Strategy Statement (ISS) which were currently out to consultation with Pension Fund employers (for copy see file of Minutes).

 

Councillor Kellett noted that the report referred to ‘undue risks’ and asked how this was defined. Whilst there was no clear definition Nick Orton explained that all risks were carefully examined and ‘undue’ risks were mitigated against on advice from the Independent Advisers.   

 

Resolved:

 

That

 

a)    The content of the report be noted and;

 

b)    the Corporate Director of Resources be authorised to finalise the wording of the FSS and ISS, where appropriate, taking into account any comments received from employers, and to publish the final versions by 31 March 2017.

Supporting documents: