Agenda item

The Committee considered a report of the Corporate Director of Resources which provided an update on the overall value of the Pension Fund’s investments at 30 June 2018, the movement in the cash balance during the last four quarters and the projected cash flow position up to 30 September 2019 (for copy see file of Minutes).

Following a question from Councillor Shuttleworth regarding the impact of an increase in oil prices on the value of the Fund, Jo Holden advised that this area of the market was too volatile to predict, and it was important to have a balanced approach to asset allocations. BlackRock who were attending the Committee may have a view on this.

Resolved:

That the information contained in the report be noted.