Agenda item

The Committee considered a report of the Corporate Director of Resources which provided the Committee with information on the performance of the Pension Fund’s short term investments as at 30 June 2018 (for copy see file of Minutes).

Councillor Shuttleworth referred to the rate of return earned and was advised that the short term cash balances were invested in line with the Council’s Treasury Management Policy and Annual Investment Strategy, and was guided by the Fund’s Advisers. The rates were different to those achieved for personal investments and because of the need to be able to access the deposits at short notice.

Resolved:

That the position at 30 June 2018 regarding the Pension Fund’s short term investments where £46,562 net interest was earned in the three month period, be noted.