Issue - meetings

The Committee had before it a report by the Director of Resources which provided a review of the investment activity of the North East Scotland Pension Fund and the Aberdeen City Council Transport Fund for the three month period ending 31 December 2022.

Members heard from Mr Buntain in respect of the report and asked a number of questions.

The report recommended:-

that the Committee note the content of the reports for assurance.

The Committee resolved:-

(i)       to note that officers could share voting papers from the Local Authority Pension Fund Forum and would ascertain whether it would be possible to share a timeline of voting that had taken place and how effective it had been;

(ii)       to note that officers could share a heatmap which showed how different asset classes had performed over a number of years;

(iii)      to note that officers would organise a future session for the Committee and Board members on the investment strategy; and

(iv)      to otherwise note the report.

-             COUNCILLOR JOHN COOKE, Convener