Decision

The Pensions and Investment Committee has decided to approve the recommendations and update Investment Pillar Risk INVEST007 as advised by the Pension Board.

Analysis

outcome: The recommendations were approved, and Investment Pillar Risk INVEST007 was updated as suggested by the Board.

summary: The decision involves the approval of recommendations regarding the Pension Board Chair's report and an update to Investment Pillar Risk INVEST007.

topline: The Pensions and Investment Committee has decided to approve the recommendations and update Investment Pillar Risk INVEST007 as advised by the Pension Board.

reason_contentious: The issue may be contentious due to the potential impact on pension fund management, investment strategies, and the financial security of stakeholders, which can be sensitive topics.

affected_stakeholders: Pension fund members, beneficiaries, local government employees, and potentially local taxpayers.

contentiousness_score: 5

political_party_relevance: There is no direct mention of political parties or political influence in the decision provided.

URL: https://powys.moderngov.co.uk/ieDecisionDetails.aspx?ID=68

Decision Maker: Pensions and Investment Committee

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Purpose:

Content: The Committee received the Pension Board Chair’s report and the draft minutes from the meeting on 12 June 2023.    RESOLVED:                        i.the content of the report be noted                       ii.Investment Pillar Risk INVEST007 is updated as recommended by Board.  

Date of Decision: July 7, 2023