Issue - meetings
Investment and Funding Update
Meeting: 09/06/2021 - Clwyd Pension Fund Committee (Item 9)
9 Investment and Funding Update 
PDF 123 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 9
PDF 219 KB
- Enc. 2 for Investment and Funding Update, item 9
PDF 96 KB
- Enc. 3 for Investment and Funding Update, item 9
PDF 683 KB
- Webcast for Investment and Funding Update
Decision:
The Committee considered and noted the report including the update for delegated responsibilities.
Minutes:
Mrs Fielder noted the following key points about this item of the agenda:
- Page 187 and 188 highlighted the key milestones of the Fund and the historic funding levels since 1989.
- The Fund made three new investments in the Private Markets portfolio, in line with Fund requirements for sustainable private markets.
- Within impact and local investments, the two Funds agreed were Foresight Regional Fund III and Bridges Property Fund V. The Fund had previously invested in Bridges Property Fund IV.
- For the Private Equity portfolio, the Fund approved FSN Fund VI which had been recommended by Mercer. This investment had excellent ESG credentials and sustainable goals, which is ideal for the Clwyd Pension Fund.
- The cashflow analysis on page 184 outlined that the net contributions/benefits remained relatively stable over 2020/21. However, income from private markets exceeded the drawdowns, which helped the Fund move to a healthy cashflow position. Therefore, the Fund could have more money to allocate to sustainable investments.
RESOLVED:
The Committee considered and noted the report including the update for delegated responsibilities.