Agenda item

Investment, Funding and Pooling Update

To provide Committee with an update on investment matters and the Wales Pension Partnership (WPP), and to agree engagement with WPP regarding investments with Pemberton Asset Management.

Decision:

The Committee:

a)    Considered, noted and commented on the update.

b)    Noted the confirmation that there are no plans for Clwyd Pension Fund to invest directly with Pemberton Asset Management.

c)    Agreed that the Clwyd Pension Fund will engage with WPP on the justification of allocating to Pemberton, seeking further clarification and explanation from Pemberton Asset Management on the matter in line with the WPP Responsible Investment Policy

 

Supporting documents: