Agenda item

Report of the Chamberlain

The Committee received a report of the Chamberlain providing background on asset pooling in the LGPS, and the London LGPS Collective Investment Vehicle (LCIV) – the asset pool of which the City of London Corporation Pension Fund is a member. The Chamberlain introduced the report and drew Members’ attention to the key points.

The Committee noted the proportion of City Corporation funds invested in the LCIV, and that the Financial Investment Board had previously agreed that additional funds would be moved over to the LCIV when it was deemed appropriate. The Chamberlain advised that the LCIV had a pipeline of new funds under consideration, which could be circulated to Members.

RESOLVED – That the report be noted.