Issue - meetings

With reference to article 10 of the minute of its previous meeting, the Committee had before it a report by the Director of Resources which provided a review of the investment activity of both the North East Scotland Pension Fund and the Aberdeen City Council Transport Fund for the three month period ending 30 September 2018.

Appended to the report was information in respect of the NESPF and environmental, social and governance (ESG) matters and responsible investment.  The Committee and Board heard from Mr Graham Buntain in respect of the detail contained within the report.  Mr Buntain provided a verbal update in respect of the performance of the North East Scotland Pension Fund against benchmarks, noting that the figures had not been available on this occasion prior to publication of the agenda.  He advised that he could circulate the figures electronically to Members if required.  

The report recommended:-

that the Committee note the contents of the report.

The Committee resolved:-

to approve the recommendation.

The Board resolved:-

to note the decision of the Committee.