Agenda and minutes

The Committee noted the appointment of Mr J Burden as the District Council Labour Member and the vacancy for a District Council Liberal Democrat Member.

RESOLVED that the Minutes of the meeting held on 16 March 2007 are correctly recorded and that they be signed by the Chairman.

            (Colette Archer and Penny Flint from PWC were in attendance)

RESOLVED that the report be noted.

RESOLVED that the report be noted.

RESOLVED that an Annual Investments and Pensions Conference be established and a report on Communication Strategy for this event be presented to the next meeting.

RESOLVED that the report be noted and the Committee’s thanks expressed for the excellent production results which had been achieved.

RESOLVED that the admission of the Contract Dining Company Limited to the Pension Fund be agreed.

            (Mr P O’Gorman and Mr R Saunders were in attendance for this item)

RESOLVED that the report be noted.

            (Ms C Minio-Paluella and Mr T Bird were in attendance for this item)

RESOLVED that the report be noted.

RESOLVED that:-

(a)       the decision on withdrawing money from the GTAA be delegated to the Director of Finance in consultation with the Chairman, Vice Chairman and Spokesmen and all Members to be notified of action taken;

(b)       a detailed report on cash flow management be presented to the September meeting;

(c)        DTZ to be asked for a plan and timing for funding the full allocation to European property;

(d)       the transition for the funding of the Invesco UK Equity Mandate be noted; and

(e)       the format for the September meeting be agreed.