Issue - meetings
Investment and Funding Update
Meeting: 10/11/2021 - Clwyd Pension Fund Committee (Item 27)
27 Investment and Funding Update 
PDF 135 KB
To provide Committee Members with an update of
investment and funding matters for the Clwyd Pension
Fund.
Additional documents:
- Enc. 1 for Investment and Funding Update, item 27
PDF 146 KB
- Enc. 2 for Investment and Funding Update, item 27
PDF 111 KB
- Enc. 3 for Investment and Funding Update, item 27
PDF 115 KB
- Webcast for Investment and Funding Update
Decision:
The Committee considered and noted the update.
Minutes:
Mrs Fielder noted the following key points on the investment and funding update:
- The Fund had their first meeting with unitary authorities regarding the interim actuarial valuation review, which had positive feedback. The Fund will continue to have regular meetings with them as well as other employers throughout the 2022 actuarial valuation process.
- There were no changes to the risk register but the Fund were expecting changes going forward as they work through the actuarial valuation.
- Mrs Fielder was honoured to participate in a panel at COP26 on 3 November. The panel discussed “adopting a transitional mind-set for the future”. Mrs Fielder confirmed this was well received.
- The Fund were shortlisted for two Pensions for Purpose Awards; the Impact Investing Adopter Award and the Impact Investing Social Award. Officers were extremely busy working on the private market asset allocation. Mercer had also made several recommendations for the Fund, including 11 possible investments totalling commitments worth c£140 million.
- In October, the Fund transitioned some of their emerging markets asset allocations into the WPP. The Fund now have 32% of their assets pooled with the WPP.
The Committee congratulated Mrs Fielder for her participation at COP26.
RESOLVED:
The Committee considered and noted the update.