Issue - meetings

With reference to article 6 of the minute of its meeting of 30 November 2018, the Committee had before it a report by the Director of Resources which provided detail of the Management Expenses Budget / Forecast and Projected Spend 2018/19 for the North East Scotland Pension Fund (NESPF).

The report recommended:-

that Committee –

(a)      note the update on the NESPF Management Expenses Budget / Forecast and Projected Spend for 2018/19;

(b)      note the update on Pension Fund staff costs and staffing vacancies; and

(c)       note the update on the work undertaken by the NESPF Accounting team and the Global Custodian resulting in the clearance of a processing backlog.

The Committee resolved:-

to approve the recommendations.

The Board resolved:-

to note the decision of the Committee.