Issue - meetings

To consider  the report of the Investment Manager

Submitted – the report of the Investment Manager notifying the members of the results of a short survey undertaken by the Chartered Institute of Public Finance and Accountancy (CIPFA) on the Local Pension Boards. The purpose of the survey was to seek to provide a baseline on the establishment and operations of Pension Boards. It was reported that Gwynedd Council had responded to the survey and that the result provided an opportunity to assess how the Gwynedd Pension Board compared with other Pension Boards. The intention was for CIPFA to use the information in order to develop discussion sessions for workshops.

It was reported that Gwynedd Council acted in line with other Pension Boards and that the survey had not suggested changes to the procedure.

In response to an observation regarding submitting an annual report, the Chair highlighted that she had already started to write a draft report and that there was a request for observations to be forwarded to her. It was intended to submit the final report to the Annual Meeting of the Pension Fund on 15 September 2016.

The information was noted