Issue - meetings
Investment and Funding Update
Meeting: 30/08/2023 - Clwyd Pension Fund Committee (Item 73)
73 Investment and Funding Update 
PDF 146 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 73
PDF 84 KB
- Enc. 2 for Investment and Funding Update, item 73
PDF 175 KB
- Enc. 3 for Investment and Funding Update, item 73
PDF 112 KB
- Enc. 4 for Investment and Funding Update, item 73
PDF 5 MB
- Enc. 5 for Investment and Funding Update, item 73
PDF 115 KB
- Enc. 6 for Investment and Funding Update, item 73
PDF 76 KB
- Enc. 7 for Investment and Funding Update, item 73
PDF 142 KB
- Webcast for Investment and Funding Update
Decision:
The Committee considered, noted, and commented on the update.
Minutes:
Mr Hibbert asked if the Fund was able to consider a counterparty other than JP Morgan within the Cash and Risk Management Framework. Mr Dickson explained that while there are other large banks available, when the mandate was initiated, JP Morgan was selected through a comprehensive review process which considered factors including implementation, ESG and fees. He noted that the alternative counterparties are likely to also be investment banks and there is no perfect option available.
Mr Hibbert asked how often this selection is under review. Mr Dickson explained that there is an annual review process, however the process of selecting a manager is initiated based on whether JP Morgan are fulfilling their role.
RESOLVED:
The Committee considered, noted, and commented on the update.