Issue - meetings
COMPOSITION OF THE PENSION FUND INVESTMENT PANEL
Meeting: 13/06/2013 - Pensions Committee (Item 6)
6 Composition of the Pension Fund Investment Panel PDF 75 KB
To establish a Pension Fund Investment Panel for the municipal year 2013-14.
Minutes:
The Chief Financial Strategy Office presented the report advising the Committee that, under its Terms of Reference, it was required to establish an Investment Panel annually comprising all Members of the Pensions Committee or their designated deputies. a Investment Professional as Chair’ an Independent Financial Advisor, the Corporate Director of Resources or his designated deputy. The terms of reference also stipulated that up to two Trade Union representatives (or their designated deputies) as nominated by the Staff-side Secretary attend the Investment Panel as observers.
In addition to membership, the Committee was asked to establish terms of reference of the Investment Panel as set out in Appendix 1 and invited to attend its meeting which was to take place at the rising of Pensions Committee.
RESOLVED
1. That an Investment Panel be established.
2. That membership of the Investment Panel comprise:-
§ All Members of the Pensions and Accounts Committee or their designated deputies.
§ A Investment Professional as Chair
§ An Independent Financial Advisor
§ The Corporate Director of Resources or his designated deputy.
3. That that up to two Trade Union representatives (or their designated deputies) be nominated by the Staffside Secretary attend the Investment Panel as observers.
4. That the terms of reference for the Investment Panel as set out in Appendix 1 be approved.