Issue - meetings

Received and noted this report introduced by the Corporate Director of Finance and Resources (CDFR). 

Following questions from the Assembly, the CDFR advised that:

1.  the Stock Market is strong and the Fund assets may well go up;

2.  the draft Triannual report has just been received and will be taken to the Members’ Pension Panel;

3.  the difference in the figures £549,286 and £549,284 on pages 96 and 97 is probably as a result of “rounding”, but that the CDFR would revert to Members on this;

4.  the Council manages the London Borough of Barking and Dagenham Pension Fund  but legislative changes are made by the Government through the Pension Scheme, over which the Council has no control.  The Hutton Report on ensuring a sustainable LGPS is due and some significant changes to the Scheme are expected.