8 WALES PENSION PARTNERSHIP BUSINESS PLAN PDF 7 KB
To consider the
Investment Managers Report
Additional documents:
Decision:
To approve the Business Plan
Minutes:
Submitted – a report by the Investment Manager advising
members of the Wales Pension Partnership's wish for each individual Committee
within the Partnership to approve their Business Plan. It was
reported that the Business Plan contained details about the
Partnership's priorities and how it would deliver its objectives for
2020-2023. The Plan also contained
governance arrangements, policies and plans as well as information about their
marketing stance, financial budgets and a summary of the Partnership's
performance objectives and investments.
It was noted that meetings were
being held every fortnight with Officers, Hymans and the Host Authority
(Carmarthenshire) in order to share updates, information and have input into
documents. It was added that a number of policies had
been formalised during the lock-down, and these were available on the
Partnership's website. The officer drew attention to the training plan which covered a number of topics with the aim for
Members to have the appropriate knowledge and understanding - these would be
beneficial sessions and would be flexible for the Members of the Committee and
the Pension Board. They were likely to be delivered
on-line.
In response to a previous comment regarding the Wales
Pension Partnership's costs (£70k), it was highlighted
that the Host Authority was dealing with considerable / additional work and
that the budget seemed insufficient. The Investment Manager added that one
extra officer had been appointed and that the
Authority's existing officers were taking on additional responsibilities. The
Head of Finance added that the sum was reasonable.
RESOLVED to approve the Business Plan