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 investments to 31 December 2023, the movement in cash balances during the last quarter (for copy see file of Minutes).

The Head of Pensions (LGPS) thanked the Finance Manager (Revenue, Pensions and Technical Services), Jo McMahon the work of her and the team in preparing the report and enhanced cashflow reporting.  He asked the Committee if they were happy with the format and whether they would wish to receive the information quarterly or six-monthly.  Councillor C Fletcher noted she felt six-monthly would be sufficient, given the amount of work involved.

Councillor M Porter entered the meeting at 10.15am

Councillor C Fletcher added that, however, if an issue arose that the Committee would need to be sighted, she would expect the issue to be brought to the next meeting of the Committee. 

The Chair agreed, noting that it was good to see all of the work that had gone into producing the report, and that the information was as clear as possible for Members.  The cashflow information would be brought to Committee every six months.

Resolved:

That the information contained in the report be noted.