Agenda item

Consideration was given to the report of the Corporate Director, Resources which gave details of the overall value of the Pension Fund as at 30 September 2012 and of any additional sums available to the Managers for further investment, or amounts to be withdrawn from Managers (for copy see file of Minutes).

Members were advised that for the reasons outlined in the report it was recommended that no money be added to the sums to be allocated to the Managers for investment in the quarter.

Fund Re-balancing had been suspended until the results of the Strategy Review and would re-commence when the new structure was in operation.

The report also gave details of the forecasted cash flow for 2012/2013.

Resolved:

That the information given be noted.