Issue - meetings

With reference to article 8 of the minute of its previous meeting, the Committee had before it a report by the Director of Resources which set out the review of the governance arrangements of the Pension Funds and options to strengthen controls, manage risk and support the ongoing development of the in-house capabilities of the Fund.  The report considered the accommodation aspects of the Fund and its ability to address all the governance arrangements from its current accommodation.

The report recommended:-

that the Committee –

(a)       provisionally approve Option 1 as set out in the report as the preferred option for the relocation of the NESPF, subject to:-

(b)       instructing the Chief Officer – Finance to work with the Chief Officer – Corporate Landlord to plan the layout of the accommodation in the preferred option, within a design budget of £30,000; and

(c)        to report to Committee no later than the September Committee with final costings, to include the fit out of the office space.

The Committee resolved:-

(i)        to note that the report in September would provide further information in respect of any risks associated with the accommodation move; and

(ii)       to approve the recommendations.

The Board resolved:-

to note the decision of the Committee.

-        COUNCILLOR M. TAUQEER MALIK, Convener