Agenda item

Any other business

Minutes:

The Chair noted it was the last meeting of the Pension Fund Committee prior to Local Government Elections and he wished to note his thanks on behalf of the Pension Fund to the Members of the Pension Fund Committee and the Local Pension Board for their diligence and dedication over the last four years.  He wished those Committee Members who were not standing in the elections all the best for the future and good luck to those standing for election.

 

The Chair added that, over the last four years, the level of the Pension Fund had increased from 81 percent to 93 percent despite the recent uncertainties around COVID-19.  He added that the transition of funds into the Border to Coast Pensions Partnership (BCPP) was ongoing and would result in a reduction in fees.  The Chair praised the excellent work of the Officers and Advisors in helping the Committee fulfil the aims of the Pension Fund and thanked the Vice-Chair for his help and support over the last four years.

 

Councillor J Shuttleworth thanked the Chair for his fair-handed approach and wished him well for the future.  Councillor J Lethbridge thanked the Chair and Vice-Chair for their time, together with all the excellent work of the Officers, in support of the Committee.  All Members agreed.