Decision details

Pooling Update

Decision Maker: Clwyd Pension Fund Committee

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Decision:

a)    The Committee approved the WPP objectives within the WPP Business Plan 2023/24 to 2025/26.

b)    The Committee approved the updated Delegation of Functions to Officers to recognise WPP’s role in relation to investments within the pool and that Officer delegations are limited to investments outside of WPP, and to change the delegation for Voluntary Scheme Pays Policy to be consistent with other administration policies.

c)    The Committee noted the update on other pooling matters.

d)      The Committee received and noted the presentation from the WPP Operator and Investment Management Solution Provider.  

 

Report author: Janet Kelly

Publication date: 12/09/2023

Date of decision: 21/06/2023

Decided at meeting: 21/06/2023 - Clwyd Pension Fund Committee

Accompanying Documents: