Agenda item

Consideration was given to the report of the Corporate Director, Resources which gave details of the overall value of the Pension Fund as at 31 March 2011, of the additional sums available to the Managers for further investment and of the result of the latest Fund Rebalancing, a copy of which had been circulated.

A Member sought clarification of the differences between estimated and actual total expenditure set out in Table 1 of the report, particularly in relation to the quarter ended 31 March 2011. The Payroll and Pensions Manager advised that he would obtain the information and report to the Member direct. 

Resolved:

That the information be noted.