Issue - meetings
Investment and Funding Update
Meeting: 15/06/2022 - Clwyd Pension Fund Committee (Item 9)
9 Investment and Funding Update 
PDF 157 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 99 KB
- Enc. 2 for Investment and Funding Update, item 9
PDF 122 KB
- Enc. 3 for Investment and Funding Update, item 9
PDF 115 KB
- Webcast for Investment and Funding Update
Decision:
The Committee noted the update.
Minutes:
Mr Latham noted the following key points:
- As reflected in paragraph 1.02, the Fund agreed a commitment of £12 million to invest in local areas including North East Wales. This was the first investment in the Flintshire Council area.
- The key process of the 2022 actuarial valuation for the Committee was summarised in paragraph 1.03. The FSS would be brought to the November Committee and Mr Latham emphasised this was key to the valuation and the Fund need to consult with employers on the FSS.
- When reviewing the FSS, considerations would be given to areas such as levelling up, responsible investment and climate change.
- The delegated responsibilities on paragraph 1.08 included cashflow monitoring and shorter-term tactical asset allocation decisions.
RESOLVED:
The Committee noted the update.