Decision Maker: Pensions Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The Committee’s Independent Advisor provided a verbal overview of the financial situation in the United Kingdom (UK) and Over-seas.
Members briefly discussed the points raised during the overview, including: the overall downward trajectory of the economic position; the U.K. interest rates; difficulties in the global motor industry as both diesel and petrol engine production continued to fall sharply; the possibility of a Brexit dividend and the impacts of a further extension to the date of the U.K.’s departure from the European Union.
The Independent Advisors update was accepted.
Publication date: 24/06/2019
Date of decision: 07/06/2019
Decided at meeting: 07/06/2019 - Pensions Committee