Issue - meetings

The Committee had before it a report by the Director of Resources which detailed the Management Expenses Budget/Forecast and Projected Spend 2022/23 for the North East Scotland Pension Fund (NESPF).

Members asked a number of questions around underspend in the Investment Staff costs; whether business rates were a recurring pressure; and in relation to the overspend on the actuarial fees.

The report recommended:-

that the Committee note the update on the NESPF Management Expenses

Budget/Forecast and Projected Spend 2022/23.

The Committee resolved:-

(i)       to request that officers prepare a service update showing the breakdown of the actuarial spend over the last 12 months; and

(ii)       to otherwise note the report.