Agenda item

The Committee considered a report of the Corporate Director of Resources which informed Members of the overall value of the Pension Fund’s investments at 30 September 2017, the movement in the cash balance during the last four quarters and the projected cash flow position up to 31 December 2018 (for copy see file of Minutes).

Councillor Carr referred to the cash flow position and asked if employers in the scheme informed the Fund of forthcoming early retirements. The Member was advised that this information would be difficult to collect but that it did not have a material impact on cash flow which was affected in the main by the way in which cash was recovered from the Fund Managers, and the Fund’s Investment Strategy. Officers were discussing a cash strategy with the Independent Advisers for the pooled arrangements.

Beverley White added that the early deficit settlement by Darlington Borough Council had affected the net cash flow position. 

Resolved:

That the information contained in the report be noted.