Issue - meetings
Pooling Investments in Wales
Meeting: 31/08/2022 - Clwyd Pension Fund Committee (Item 19)
PDF 102 KBTo provide Committee Members with an update on
pooling investments in Wales matters.
Additional documents:
Decision:
The Committee noted the update and discussed the JGC agenda.
Minutes:
Mr Latham congratulated the Chairman on his new position as Vice Chair of the WPP for a 12 month period.
Mr Latham highlighted that the sustainable equity fund had been approved by the JGC and this was something that had been instigated by this Committee. The next step is the FCA would review the submission carefully to ensure there was no greenwashing and it was noted this could take some time. Mr Latham hoped that the Fund would be able to invest in the sustainable offering once it had completed its investment strategy review.
Lastly, Mr Latham highlighted the ongoing work on private markets which Mrs Fielder was also heavily involved with. This was crucial given that the Fund had 27% of assets in private markets.
RESOLVED:
The Committee noted the update and discussed the JGC agenda.