Agenda item

Short Term Investments for the Period Ended 30 June 2017

Minutes:

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 30 June 2017 (for copy see file of Minutes).

 

In response to concerns expressed by Councillor Shuttleworth about the average return earned in the quarter, and the rates provided by the financial institutions in which the Fund invested, the Member was informed that investment of the short term cash balances was done in line with the Treasury Management Strategy using an approved list.

 

Resolved:

 

That the position at 30 June 2017 regarding the Pension Fund’s short term investments where £14,818 net interest was earned in the three month period, be noted.     

Supporting documents: