Issue - meetings
Review of the Asset Allocation
Meeting: 09/03/2018 - Pension Fund Committee (Item 10)
10 Review of the Asset Allocation 
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11:15
This report from the Independent Financial Adviser(PF10) reviews the current asset allocation as set out in the Investment Strategy Statement and proposes an initial allocation to the new portfolios to be made available by Brunel.
The Committee is RECOMMENDED to approve the approach to the transfer of assets to Brunel Pension Partnership portfolios, and the indicative portfolio allocations as set out in the report.
Additional documents:
Decision:
Approved.
Minutes:
The Committee considered a report from the Independent Financial Adviser (PF10) which reviewed the current asset allocation as set out in the Investment Strategy Statement and proposed an initial allocation to the new portfolios to be made available by Brunel.
The Independent Financial Adviser urged members to look at Baillie Gifford’s justifying comments with regard to investments in Shell, pointing out that Baillie Gifford took ESG issues very seriously.
During the discussion on the allocation, the Committee congratulated the officers on their continued good work to ensure that there was no shortfall to the Fund.
RESOLVED: to approve the approach to the transfer of assets to BPP portfolios and the indicative portfolio allocations, as set out in the report.