Decision details

Fund Performance Report

Decision status: Recommendations Approved

Is Key decision?: No

Decisions:

(Exempt information as defined in Paragraph 3 of Part 1 of Schedule 12A to the Local Government Act, 1972.  It was considered that in all the circumstances of the case the public interest in maintaining the exemption outweighed the public interest in disclosing the information).

 

The Committee considered a report on the performance of the Fund as at 30 June 2015.

 

It was reported that the format of the information presented had been changed to ensure that it was more focussed and easy to understand. The new format also included commentary from individual portfolio managers to highlight particular issues, areas of concern and key risks.

 

Particular reference was made to the following areas:

 

  • The economic backdrop;
  • The total fund return at 30 June 2015;
  • 12 months performance to 30 June 2015 in respect of equities, property, credit, infrastructure, private equity;
  • Funding ratio since 31 March 2013;
  • Fund allocations;
  • Contributions net of benefits.

 

Resolved: - That:

 

(i)  The report, now presented, be noted;

(ii)  The new format of the report, now presented, be welcomed;

(iii)  A briefing session on fund performance be arranged for a future date.

 

Date of decision: 30/09/2015

Decided at meeting: 30/09/2015 - Pension Fund Committee

Accompanying Documents: