Meeting documents

Apologies were received from Richard Scott, John Gladwin and Peter McDonald.

There were no declarations of interest.

To confirm the minutes of the meeting held on 28/05/2015.

The minutes from the previous meeting were agreed as an accurate record.

Julie Edwards

The Committee was presented with the draft accounts and heard that these were currently being audited. They were presented to the Regulatory & Audit Committee and signed off by the Director of Assurance as the Council’s appointed S151 officer.  The final accounts would be approved by the 30 September deadline

In relation to a discrepancy between figures on page 10 and note 9 (page 16) which detailed the realised / unrealised profits and losses on investments, the Pensions & Investment Manager advised that this had been highlighted by the auditors and that this would be amended in the final accounts.

The Pensions and Investments Manager explained the Pension Board consisted of 4 Employer Representatives and 4 Employee Representatives.

The Committee heard that the specifics of how the Pension Fund Board and Pension Fund Committee would interact with one another was still to be determined; but that the Pension Fund Board was a statutory body with a scrutiny function and would produce  a report of its activities annually.

Mercer

Partners Group

Pantheon

The next meeting will be held on 23/09/2015.

The next meeting takes place on 23/09/2015.