Issue - meetings
Investment Strategy Review and Update to Investment Strategy Statement
Meeting: 20/03/2024 - Clwyd Pension Fund Committee (Item 43)
43 Investment Strategy Review Phase 1 and Update to Investment Strategy Statement 
PDF 237 KB
To provide Committee members with the proposed
strategic asset allocation and to provide the Committee with the
updated Investment Strategy Statement for approval.
Additional documents:
- Encl 1 nvestment Strategy Statement 2024 - English - March Committee Draft (Tracked), item 43
PDF 815 KB
- Webcast for Investment Strategy Review Phase 1 and Update to Investment Strategy Statement
Decision:
The Committee agreed the proposed strategic asset allocation for the Fund, and approved the updated ISS.
Minutes:
Mr Turner of Mercer took the Committee through this report. He explained the rationale and scope of the Phase 1 review, which focussed on formalising a plan to achieve the target allocation to the WPP sustainable active equities fund. There was also an objective to ensure that a clear and robust plan was in place to meet the Fund’s liquidity needs for covering regular pension payments and meeting private markets’ commitments, over the next two years. This was carried out with consideration for how potential strategy changes may assist the Fund in achieving its responsible investment objectives.
Mr Turner explained some of the potential strategy changes that were considered, and outlined the proposed changes to the strategic asset allocation and the Investment Strategy Statement (ISS) as a result of the review.
RESOLVED:
The Committee agreed the proposed strategic asset allocation for the Fund, and approved the updated ISS.