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Return
to PF11
ITEM PF11
- ANNEX 1
PENSION
FUND COMMITTEE – 15 NOVEMBER 2002
OXFORDSHIRE
COUNTY COUNCIL PENSION FUND – CIPFA LOCAL AUTHORITY PENSION FUND INVESTMENT
STATISTICS
CIPFA
Local Authority Pension Fund Statistics
TABLE
1
FUND
ASSET PENSION DISTRIBUTION AT 31 MARCH 2002
|
|
UK
Equities
%
|
Overseas
Equities
%
|
UK
Bonds
%
|
Overseas
Bonds
%
|
Index
Linked
%
|
Cash/
Other
%
|
Property
%
|
|
Oxfordshire
C.C.
|
51
|
24
|
6
|
8
|
0
|
7
|
3
|
|
WM Local
Authority Average
|
48
|
25
|
7
|
4
|
5
|
5
|
6
|
|
Oxfordshire
C.C. Customised Benchmark
|
40
|
27
|
12
|
0
|
10
|
6
|
5
|
|
CAPS Median
|
54
|
23
|
7
|
8
|
0
|
5
|
3
|
TABLE 2
LOCAL
AUTHORITY PENSION FUND PERFORMANCE
PERIODS
ENDED 31 MARCH 2002
|
|
3
Years
(Return
p.a.)
|
5
Years
(Return
p.a.)
|
10
Years
(Return
p.a.)
|
|
Local Authority
average
|
2.0
|
7.1
|
10.9
|
|
English County
Council average
|
1.7
|
6.8
|
10.9
|
|
Oxfordshire
County Council
|
0.9
|
6.3
|
10.7
|
|
Retail Price
Index
|
2.1
|
2.3
|
2.5
|
|
Average Earnings
|
4.1
|
4.5
|
4.1
|
TABLE 3
ACTUAL
ECONOMIC ASSUMPTIONS MADE AT 31 MARCH 2001 VALUATION
|
Rate of general
pay increases
|
4.3% p.a.
|
|
Rate of increase
to pensions in payment (Determined by RPI)
|
2.5% p.a.
|
|
Rate of return
on investments - Equities
|
7.25% p.a.
|
|
Rate of return
on investments – Fixed & Index-linked gilts
|
4.9% p.a.
|
`
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