Agenda item

Report of the Chamberlain.

The Board received a report of the Chamberlain regarding the Investment Strategy Statement which had replaced the Statement of Investment Principles. The Chamberlain advised that this was a live document and was expected to be reviewed and, if necessary, revised regularly and at least every three years on an ongoing basis. Members noted that it was likely that some revisions would be made following the actuarial valuation and, if these changes were major, the document would be republished.

In response to a Member’s question the Chamberlain advised that the ISS was currently published as a standalone document on the same webpage as the accounts, but will be published as part of the Annual Report.

RESOLVED – That the report be noted.