Issue - meetings
Funding and Flight Path Update
Meeting: 07/10/2020 - Clwyd Pension Fund Committee (Item 117)
117 Funding and Flight Path Update 
PDF 122 KB
To update Committee Members on the progress of
the funding position and liability hedging undertaken as part of
the Flight Path strategy for managing liability risks.
Additional documents:
- Enc. 1 for Funding and Flight Path Update, item 117
PDF 2 MB
- Webcast for Funding and Flight Path Update
Decision:
(a) The Committee noted the update on the funding and hedging position for the Fund and the progress made on various elements of the Risk Management Framework.
(b) The Committee noted the impact of the equity protection strategy.
(c) The Committee noted the impact of the currency hedging strategy.
Minutes:
This item of the agenda was for noting and Mr Middleman added that the Fund was back to being inflation hedged at 40% rather than previously at 20% from the last Committee.
RESOLVED:
(a) The Committee noted the update on the funding and hedging position for the Fund and the progress made on various elements of the Risk Management Framework.
(b) The Committee noted the impact of the equity protection strategy.
(c) The Committee noted the impact of the currency hedging strategy.