Issue - meetings
Draft Wales Pension Partnership Business Plan 2023/24 to 2025/26
Meeting: 29/03/2023 - Clwyd Pension Fund Committee (Item 48)
48 Draft Wales Pension Partnership Business Plan 2023/24 to 2025/26 
PDF 95 KB
To provide Committee Members with the Draft
Wales Pension Partnership Business Plan, including WPP budget for
2023/24, for approval, subject to approval by the JGC on 29th March
2023.
Additional documents:
- Enc. 1 for Draft Wales Pension Partnership Business Plan 2023/24 to 2025/26, item 48
PDF 1 MB
- Webcast for Draft Wales Pension Partnership Business Plan 2023/24 to 2025/26
Decision:
The Committee approved the Draft WPP Business Plan including the budget and objectives, subject to approval by JGC.
Minutes:
The Head of the Fund, Mr Latham, presented this item to the Committee. He explained that the WPP draft Business Plan was being taken to the JGC for approval today and further changes may be made at this stage. It would also be received by the eight constituent authorities to consider and approve. Any further changes will be agreed under delegation or brought back to Committee if significant.
Mr Latham guided the Committee through the report, highlighting paragraph 1.04 which identified areas with the most significant impact on the Fund over the next year,including procurement of an operator, transition of assets to the Global Sustainable Equity Fund, deploying WPP private market asset classes and engaging on ESG (Environmental, Social and Governance) and climate ambitions.
Mr Latham explained the reason for the increase to the budget and confirmed that the WPP Officer Working Group had reviewed the WPP objectives and no changes were recommended to the JGC.
RESOLVED:
The Committee approved the Draft WPP Business Plan including the budget and objectives, subject to approval by JGC.