The Board considered a resolution of the Local Government Pensions Board, which had met on 4 February 2020, after the publication of the agenda. The resolution requested that an annual summation of investment activity in relation to the Pension Fund be provided to the Local Government Pensions Board to provide assurance. The Chamberlain explained the context of the request and advised that the next meeting of the Local Government Pensions Board was on 5 June 2020, after the next meeting of the Financial Investment Board.
Members agreed that an informative note should be provided for the Local Government Pensions Board, adding that such a note should include information about the Board’s experiences with the LCIV (London Collective Investment Vehicle).
RESOLVED – That the resolution be noted, and that the Chamberlain provide a note on the Board’s activities to the Local Government Pensions Board on behalf of the Financial Investment Board.