Decision details

Independent Investment Adviser to the Pension Fund - New Contract

Decision status: Recommendations approved

Is Key decision?: No

Decisions:

(Exempt information as defined in Paragraphs 1, 2 and 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).

 

A report was presented on the proposal to award a new 3 year contract to one of the independent advisers to the Committee on their existing terms of employment. In considering the report the Committee discussed the proposed salary, the knowledge/experience of the individual concerned and the benefit of having overlapping contracts for the two independent advisers to ensure continuity of advice.  It was also noted that any approval by the Committee would be subject to the Cabinet agreeing a waiver of the county council procurement rules in accordance with paragraph 9 of Appendix R in the county councils Constitution.

 

Resolved: That, subject to the Cabinet agreeing a waiver of the county council procurement rules, Aoifinn Devitt, the independent adviser to the Committee, be awarded a contract for three years up to the 28th February 2022, on the basis set out in the report presented.

Report author: Mukhtar Master

Date of decision: 01/02/2019

Decided at meeting: 01/02/2019 - Pension Fund Committee

Accompanying Documents: