Issue - meetings
Investment Strategy - PCMAR21/REVIEW
Meeting: 26/03/2021 - Pensions Committee and Pension Board (Item 7)
7 Investment Strategy - PCMAR21/REVIEW 
PDF 324 KB
Minutes:
The Committee had before it a report by the Director of Resources which detailed the outcome of the investment strategy review prepared by officers following the outcome of the 2020 Actuarial Valuation. The report set out the details of the Fund’s current investment strategy and made a number of recommendations on taking the strategy forward.
The report recommended:-
that the Committee approve the proposed investment strategy as set out in section 3.5 of the report, namely:-
|
Current Strategic Benchmark |
Proposed Strategic Benchmark |
|
|
|
|
Growth Assets 57.5% (+/- 5%) |
Growth Assets 55.0% (+/- 5%) |
|
|
|
|
Global Equities 45% |
Global Equities 50% |
|
Diversified Growth Funds 7.5% |
|
|
Limited Partnerships 5% |
Limited Partnerships 5% |
|
|
|
|
Income/Protection Assets 42.5% (+/- 5%) |
Income/Protection Assets 45.0% (+/- 5%) |
|
|
|
|
Bonds/Credit 15% |
Bonds/Credit 22.5% |
|
Property 10% |
Property 10% |
|
Infrastructure 10% |
Infrastructure 10% |
|
Index Linked 5% |
|
|
Other 2.5% |
Other 2.5% |
The Committee resolved:-
to approve the recommendation.
The Board resolved:-
to note the decision of the Committee.