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 31 December 2018, the movement in the cash balance during the last four quarters and the projected cash flow position up to 31 March 2020 (for copy see file of Minutes).

Following a question from Councillor Shuttleworth regarding Brexit, the Member was informed that it was difficult at this point to forecast the impact of Brexit on the markets. However, Brexit should have minimal impact in terms of the cash flow position, due to the Fund’s approach to global investment.

Resolved:

That the information contained in the report be noted.