Decision details

(Not for Publication - Exempt information as defined in Paragraph 3 of Part 1 of Schedule 12A to the Local Government Act, 1972. It is considered that in all the circumstances of the case the public interest in maintaining the exemption outweighs the public interest in disclosing the information).

The Board considered a report setting out details of Part II reports recently considered by the Pension Fund Committee at its meetings on 10 June 2016.

Particular reference was made to the following:

-  Fund Performance Report

It was noted that the Fund had exceeded £6bn in value and was the top performing fund in the LGPS in the current year. The funding ratio had remained static and negative cash flow had been covered by rental income.

-  Investment Panel Report

  The report set out a number of decisions which had been taken by the   Panel prior to the establishment of the LPPL and also set out the current   economic and financial context within which the Fund was operating.

Resolved: - That the report, now presented, be noted.