Decision details
Funding and Flight Path Update
Decision Maker: Clwyd Pension Fund Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
(a) The Committee noted the updated funding position (on assumptions consistent with the 2016 valuation) and hedging position for the Fund and the progress being made on the various elements of the Risk Management Framework.
(b) The Committee noted that Insight have implemented the collateral waterfall process previously agreed with the Officers and their advisors. It has also been agreed that c. £30m will be removed from the Insight QIAIF to be invested in infrastructure as directed in due course.
(c) The Committee noted that any currency risk associated with the market value of the synthetic equity portfolio with the Flightpath strategy has now been hedged.
Report author: Janet Kelly
Publication date: 04/10/2019
Date of decision: 12/06/2019
Decided at meeting: 12/06/2019 - Clwyd Pension Fund Committee
Accompanying Documents:
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