Issue - meetings
Business Plan 2016/7 to 2018/9.
Meeting: 22/03/2016 - Clwyd Pension Fund Committee (Item 35)
35 Business Plan 2016/7 to 2018/9. 
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To provide Committee Members with the Clwyd
Pension Fund 3 year Business Plan from April 2016 for discussion
and approval.
Additional documents:
Decision:
That the draft Business Plan 2016/17 to 2018/19 attached as Appendix 1 to the report be approved.
Minutes:
The Clwyd Pension Fund Manager introduced a report on the draft Business Plan and advised that the Annual Business Plan covered a rolling three year period. He provided an overview of the draft Plan for the current period 2016/17 to 2018/19, which was appended to the report for consideration.
In response to a query raised by Steve Hibbert concerning underlying fees, the Clwyd Pension Fund Manager explained that there was no longer a need to reflect the cost of underlying funds in the Fund accounts following a change in the guidance issued by CIPFA. However, these costs will be reported in the Fund’s Annual Report and Accounts to ensure full transparency.
The Chief Executive noted that Alternative Delivery Models are still an important part of the strategy for FCC which may pose some challenges for the Fund.
RESOLVED:
That the draft Business Plan 2016/17 to 2018/19 attached as Appendix 1 to the report be approved.