Agenda item

The Committee considered a report of the Corporate Director of Resources which provided an overview of the investment performance of the Pension Fund to 30 June 2023 (for copy see file of Minutes).

Councillor B Kellett noted the FTSE 100 had ‘wallowed’ this past year and asked why the Pension Fund had done so well, relatively.  The Head of Pensions (LGPS) noted that the comments and outlined that individual managers and their performance would be considered to within the Part B section of the meeting. 

Resolved:

That the information contained in the report produced by the Fund’s custodian, Northern Trust, be noted.