Decision Maker: Pensions Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The Committee considered this report that sought approval for the management of the Fund’s cash and the strategy and counter party strategy. It was noted that since 1 April 2010 the pension fund cash had been managed by the Council’s investments team on a completely segregated basis.
During the discussion Members considered the Cash Management Strategy attached as Appendix A to the report and the revised Counterparty criteria for the investment of sterling cash balances attached as Appendix B to the report.
There was a discussion and the Committee agreed to:
Adopt the Cash Management Strategy;
Adopt the revised Counterparty strategy for the investment of sterling cash balances;
Re-appoint the in-house team to manage the cash balances on a segregated basis.
Publication date: 24/06/2019
Date of decision: 07/06/2019
Decided at meeting: 07/06/2019 - Pensions Committee