Agenda item

Report of the Town Clerk.

Pension Fund Objective

The Corporate Treasurer advised that this was set by the Finance and Establishment Committees. She undertook to discuss the objective with the actuary and give an update at the next meeting.

Charities Pool

In response to Members’ questions, the Corporate Treasurer advised that a report setting out the accounts of this fund was due to be considered by the Finance Committee at their July meeting.  There would also be a separate report outlining the criteria for Charities to invest in the Charities Pool. Members requested that, if organisations were considering investing in the Charities Pool, the objectives of the fund be clearly explained.

RESOLVED – That:

(a)  An update regarding the Pension Fund Objective be given at the next meeting;

(b)  An update on the criteria for Charities to invest in the Charities Pool  be provided at the Board’s meeting in September 2015; and

(c)  The report be noted.