Decision details

Received a report proposing improvements to the stewardship of the pension fund following the publication of the Myners Review of Institutional Investment.

Agreed, in order to assist the council in the discharge of its responsibilities regarding pension matters, to:

1. Recommend the Assembly to extend the membership of the Pension Panel to four and appoint to all four positions.  Nominations for unfilled positions will be reported to the Assembly; and

2. The split of responsibilities between the Executive, the Director of Finance and the terms of reference of the Pension Panel as set out in Appendix A to the report.