Agenda item

Consideration was given to graphs showing recent movements in the Stock and Share Indices (for copy see file of Minutes).

P Williams, Pension Fund Adviser commented that UK equities had performed well over the last 12 months, outperforming Index Linked Gilts. Index Linked Gilts were linked to the Retail Price Index (RPI) and consultation was currently underway to potentially change the way this should be calculated in future.

Resolved:

That the information given be noted.