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) That 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 the equity protection structure has now been revised to increase the level of protection; and
(c) That the Committee noted that any currency risk associated with the market value of the synthetic equity portfolio and the developed equity markets which have now been fully hedged.
Report author: Janet Kelly
Publication date: 17/12/2019
Date of decision: 04/09/2019
Decided at meeting: 04/09/2019 - Clwyd Pension Fund Committee
Accompanying Documents: